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5 Steps to Improve Communication with Suppliers and Stakeholders

Procurement teams are under more stress than ever before.  Budgets and employees are stretched to their limits, forcing everyone to move quickly and be laser-focused on their daily to-do lists. Unfortunately, this tunnel vision often causes procurement and sourcing teams to miss the warning signs of major problems with suppliers, customers and stakeholders.

The result: unexpected chaos and stress within procurement, broader business impacts and stakeholder dissatisfaction. Everyone is moving so quickly that they tend to forget one of the core tenants of business: communication.