The era of relying on informal agreements to finalize business deals is a thing of the past. In the contemporary business landscape, failing to establish legally binding agreements can expose organizations to significant financial and reputational risks, often resulting in costly lawsuits or unexpected losses. Many consumers may not realize the journey their purchased food products undertake before reaching their hands—passing through numerous stages and involving various entities.

In the fast-paced and interconnected global marketplace, businesses rely heavily on suppliers to maintain the smooth flow of goods and services. However, managing suppliers effectively goes beyond ensuring timely delivery and cost-efficiency. It demands strict adherence to compliance regulations, industry standards, and ethical practices, making supplier compliance a critical aspect of supplier management.