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Supplier Onboarding Process Flow

oboloo Glossary

Supplier Onboarding Process Flow

Supplier Onboarding Process Flow is the process of formally bringing a new supplier into an organization. It typically includes identifying and qualifying potential suppliers, negotiating contracts, and establishing mutually beneficial relationships between the two entities. Supplier onboarding also requires both parties to comply with applicable laws and regulations, as well as conduct a mutual assessment of operational capabilities and resources. This process helps ensure that the supplier will be able to meet all of the agreed upon expectations, while simultaneously helping to protect the organization from potential risks associated with new supplier relationships.

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