Simplifying compliance: Managing procurement’s regulatory burden

Once something that could be left to the legal department, regulatory compliance has become an important aspect of procurement’s day-to-day considerations as lawmakers the world over have become increasingly bold in their attempts to police business.

This is most obvious in the area of sustainability, where many governments are pressing businesses to get a better handle on the carbon emissions, pollution, waste and human rights in their value chains. But the regulations that procurement teams need to be conscious of span everything from data protection to employment rights and product safety.

Amid a complex regulatory environment, the implications for procurement functions vary considerably depending on the industry and geography of an organisation. With that in mind, it would be impractical to provide a comprehensive guide that enables businesses to comply with the different requirements of each regulatory regime. But by focusing on some of their common threads, this report aims to show how the function can develop the right capabilities, processes and relationships needed to navigate this complex, uncertain environment with as much confidence as possible.

Download Simplifying compliance: Managing procurement's regulatory burden , , published in partnership with Procurement Leaders, to gain insights into:

• The legal landscape: Discover the regulations of most concern to procurement and supply chain teams.
• Governance and project management: Learn how leading functions are organising staff to ensure they are prepared for incoming laws.
• Engagement and processes: Identify opportunities to build on existing processes to enable more efficient regulatory compliance.