Last updated on May 27, 2024

What are effective ways to ensure supplier data privacy?

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Supplier data privacy is a crucial aspect of supplier sourcing, especially in today's digital world. You need to protect the sensitive information of your suppliers, such as their pricing, contracts, quality standards, and intellectual property, from unauthorized access, misuse, or breach. Not only is this a matter of trust and ethics, but also a legal and regulatory requirement in many jurisdictions. How can you ensure supplier data privacy effectively? Here are some tips to follow.

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