This article discusses the importance of risk management and record keeping systems in multinational companies. It explores the various risks faced by these companies and the need for extensive record keeping to effectively manage these risks. The article also covers the process of obtaining quotations from suppliers and selecting the appropriate suppliers. It emphasizes the consultation with staff and stakeholders in determining implementation strategies and the development of written procedures and communication plans. Training and support for staff are also highlighted, along with the importance of a comprehensive risk management plan. Overall, the article emphasizes the significance of risk management and record keeping systems in ensuring the sustainability and growth of multinational companies.
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