What does the Procurement Act 2023 say about supplier risk

 



The Procurement Act 2023 has reshaped the public procurement landscape in the UK, particularly regarding supplier risk. Whether you’re a public sector buyer or a supplier bidding for contracts, understanding how the new regulations impact supplier management is crucial. In this guide, we dive into how supplier risk is identified, handled, and mitigated under the Procurement Act 2023 and how you can ensure compliance.

Are You Ready to Manage Supplier Risk Under the Procurement Act 2023?

The Procurement Act 2023 significantly changes how the public sector approaches supplier risk. With supply chain disruptions, rising ESG demands, and financial instability, authorities must proactively manage risky suppliers. But how exactly does the Act address these challenges? Here’s what you need to know.

Source: https://datagardener.com/blogs/procurement-act-2023/


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