The General Data Protection Regulation (GDPR) is a comprehensive data protection law that regulates how companies collect, store, and manage personal data of EU citizens. It aims to protect privacy and personal data by setting strict guidelines for data processing activities. For procurement and supply chain professionals, understanding GDPR is vital as it affects how personal data is handled within their operations and supply chains. Compliance with GDPR ensures that companies manage data responsibly, avoid significant fines, and maintain customer trust. It also promotes the adoption of robust data protection practices, supporting overall cybersecurity and risk management efforts.
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