How does Compliance Management help with the supply chain management

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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How does Compliance Management help with the supply chain management 

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INTRODUCTION:

The organizations are completely professional since the markets are global these days. During the traditional times, the markets were actually local, but then the organizations went national and from national, they went international. There are laws made for the organizations also for the policies and procedures they follow and the way the organizations are doing the work.

The laws are made by the local bodies or by the government institutions or by the international bodies that make laws for few countries as a whole. The term compliance management means that the processes of the organization are measured on the basis of certain processes, procedures by the few regulatory bodies. These days the compliance-related activities have also become digitalized because of the information system being used in the organizations.

 

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