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To start the conversation about how to better address these challenges, FMM organized the first Regional Policy Dialogue aimed at developing an innovative agenda to transform public expenditure management through smarter procurement practices. Sir Oliver Hart explains the guiding principles during the IDB event on Sept.
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.
ContractManagement 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 contractmanagement and its role in procurement efficiency.
Such tools won’t in themselves guarantee success, but they can certainly help, as we enter what may well end up being seen as the “decade of collaboration” for the procurement profession. The post Speed, Collaboration and Innovation – Key Words for the New Procurement Decade appeared first on Ivalua.
It’s a question that you can answer for yourself at Ivalua Now – The Art of Procurement , being held, appropriately enough, at The Louvre, Paris 10 th – 12 th April. But of course, it’s not just about what you’ll learn at the event, but who you’ll bump into, connect with and be inspired by. So what’s “art” got to do with it?
The Procurement technology firm was founded in France in 2000 and has become very strong in the US, as well as in its homeland and other continental European countries. Now, with their capabilities very highly rated by Gartner, Forrester and Spend Matters , the firm is pushing hard into the UK market. .
ContractManagement is an essential element of the procurement lifecycle as it helps to mitigate risks, ensure compliance and achieve desired outcomes. It is a structured approach to overseeing contracts from initiation to execution and leads to either termination or renewal. and Manage the Contract – Buyandsell.gc.ca
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