Contract management Order Fulfillment Price negotiations 
IBM Supply Chain Blog
APRIL 4, 2024
Also, BPM provides real-time insights into compliance metrics and risk exposure, enabling proactive risk management and regulatory reporting. Standardized workflows can be created that guide contracts through each stage of the lifecycle. Real-time visibility into contract status improves overall contract management.
World of Procurement blog
MAY 8, 2024
Contract Negotiation After selecting the best supplier, the procurement team negotiates final contract terms like pricing, service levels, delivery timelines, warranties, and other legal and commercial conditions. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests.
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