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Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop categorymanagement strategies. . There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: .
Once a procurement is awarded it moves to contractmanagement whose primary functions are implementation, compliance and issue management. A well written contract is a key enabler of successful contractmanagement as it clearly sets out the expectations of both parties. Fleet and LogisticsCategoryManager.
Once the Procurement Journey is completed the procurement is passed to the contractmanager for execution. From procurement management courses to ongoing procurement webinars, resources are available to help you stay informed and up-to-date with the ever-evolving world of procurement. Fleet and LogisticsCategoryManager.
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