The Procurement School

JULY 16, 2024

Contract Management is often thought to be the last step in the Procurement life cycle but instead it is both the beginning and end of the procurement cycle and it provides a constant feedback loop. The following article discusses the various steps of contract management and its role in procurement efficiency.

Efficiency 52

Efficiency Procurement Contract Supplier 52

ivalua

MARCH 14, 2019

But now with strategic sourcing and category management, the process has become much easier to track, monitor and control. It’s a style of working that produced innovative thinking – but by its nature, could be hit and miss; where “miss” could have a significant negative impact to an organisation’s balance sheet.

Procurement 40

Procurement IT Purchasing Supply Chain 40

The Procurement School

JANUARY 22, 2024

Once a procurement is awarded it moves to contract management whose primary functions are implementation, compliance and issue management. A well written contract is a key enabler of successful contract management as it clearly sets out the expectations of both parties.

Procurement 40

Procurement Procurement Contracts Bidder Contract 40