Contract Management Blog Posts

Contract management is a critical process for any business. It ensures that all contracts are properly managed and monitored and that any changes are made in a timely and efficient manner. Contract management also helps to avoid disputes between parties by providing a clear and concise record of the terms of the contract.

There are many different aspects to contract management, and it can be a complex and time-consuming process. Here are useful blog posts related to contract management and its role in procurement performance.

January 2, 2019
Ultimate Guide to Contract Management_ Benefits & Best Practices
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Ultimate Guide to Contract Management: Benefits & Best Practices

The fundamentals of contract management is to go paperless and secure the contract management process for a better organization system.…
October 31, 2018
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Applying Game Theory in Procurement for Better Negotiations

Game Theory is a mathematical model of interactions that is used in competitive situations to settle conflicts or initiate negotiations between two rational decision makers. Negotiations in procurement are often tricky and game theory can be applied here to achieve favorable outcomes and make strategic decisions.…
May 21, 2018
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Contract Utilization And Compliance: Are Promises Meant To Be Broken?

Contracts are nothing but fancy promises. One would expect parties involved in a contract to keep their respective promises, because of its formal nature.…
April 5, 2018
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Checkpoints for Procurement Compliance

As rules and regulations get tighter around the world and businesses are penalized unawares by governing bodies for failing to adhere to applicable policies and procedures, it is better to have some compliance checklists in place and avert financial and reputational losses…
February 27, 2018
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How SMART are your decisions?

How often have you found yourself tossing the trash in the garbage can and missing it, then bent down to pick it up? Did you see yourself repeatedly m…
November 27, 2017
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Addressing the Digital Transformation Mandate: A Procurement Perspective

What if Jarvis from Iron Man was real, wouldn’t you want an assistant like that, the one that can help you with your day to day mundane task without…
September 18, 2017
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Is your procurement prepared for the winter?

Lessons supply chain can learn from the show Game of Thrones The biggest lesson the world of Game of Thrones teaches us is…
July 25, 2017
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[Upcoming Webinar] The Cost of Delaying System Upgrades

Purchasing has changed faster in the last 5 years than it has over the past 100 years. Megatrends point to increasing change via digital disruption; f…
April 12, 2017
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Are You Making a Pointless Point in Procurement?

The world we live in is changing or putting it in better words evolving at a rapid pace. With new technological advancements every day the way we do b…
March 31, 2017
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Procurement Winners’ Chronicles – 6 Case Studies of Successful Procurement Turnaround

Download the unique case studies encompassing the areas of Spend Analysis, eSourcing, Contract Management, Supplier Management, Savings Management, and Procure-to-Pay Management.…