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Importance of Contract Management in Achieving Value for Money in the Procurement System

SCMDOJO

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

SAP, Oracle) Procurement software (e.g., Master Budgeting: Practice building and managing procurement budgets aligned with organizational goals. Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. Coupa, Ariba) Data analytics tools (e.g.,

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13 Best Contract Management Software for the Mid-market

Procurement Software

The contract management software market is hot right now. Organisations seem to have finally realised that they’ve suffered from having a “desk drawer” approach to contracts. Being able to manage your contracts in one place, author them, approve them and sign them is a massive productivity boost.

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Purchasing problems: 10 common challenges every purchasing manager faces

Procurify

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . According to a report by Ardent Partners , 2022 savings targets for procurement teams is almost 19% lower than the last year. Technological advancements are also rapidly changing the responsibilities of purchasing managers. .

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The Public Procurement Journey: Tools for Modern Challenges

ivalua

This bill sends plenty of money to the state and local governments–but along with these allocations comes solicitations, procurements, contracts, deadlines, reporting requirements, and other overhead. After they designed, built, and deployed the solution, they could register hundreds of suppliers within hours of launching.

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Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities

SCMDOJO

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. This department manages the selection, acquisition, and payment of goods and services needed to run a business. Works with procurement staff to forecast organizational needs and supplies using past data.

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The Big Interview with Orbis Partnership

Procurement Heads

This involves overseeing various service offerings, such as our Sourcing Solution team, which supports multiple councils in executing their procurement activities. Additionally, I am responsible for driving our technology initiatives, including e-tendering platforms, contract management, and ERP integrations.