Introduction Procurement has evolved far beyond cost-cutting and purchasing. In modern American enterprises, procurement strategy is a core component of competitive advantage—contributing to innovation, ESG goals, operational efficiency, and risk mitigation. As global supply chains face disruption and stakeholder expectations …
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Introduction In today’s interconnected economy, U.S. companies increasingly depend on a wide range of external vendors—technology providers, manufacturers, consultants, service firms, and freelancers—to deliver critical business outcomes. Effective vendor management is no longer just about negotiating contracts or cost control; …