Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. If you want to know about source-to-contract, then this is for you! What is Source-to-Contract?

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Contract Sourcing Purchase orders Bidding 156

Procurement Freelancers

APRIL 1, 2024

Good contract management acts as a compass in the maze of freelance work. It guides… The post Essential Freelance Procurement Contract Management Tips first appeared on Procurement Blog | Procurement & Supply Chain News.

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Contract management Procurement contracts Contract Management 91

ProcurePort

NOVEMBER 20, 2023

Online Contract Management Safety Overview: Strong security measures, like encryption and access controls, are important for keeping online contract management systems safe. Strategic Considerations for Enhanced Safety: Collaboration and integration […] The post Is it Safe to use an Online Contract Management System?

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Contract management Contract Management Collaboration 130

ProcurePort

MARCH 11, 2021

What are contract management and contract administration, and how do these two processes impact your procurement efforts? Dealing with contracts is hard and it’s much harder if you don’t know the difference between contract management and contract administration.

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Contract administration Contract management Contract Management 130

Spend Matters

MARCH 25, 2024

We were interested in his view on GenAI use cases, particularly in the contracting world where we see a lot of uptake by tech vendors. GenAI use cases in contracts and negotiations One use case of AI in procurement is abundantly evident in contracting and legal.

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Procurement contracts Contract Procurement Negotiation 111

ProcurePort

JUNE 21, 2022

• Contract management is the overseeing of a contract throughout its lifecycle. It starts with the creation, and execution, to the evaluation of vendor performance with the goal of maximizing the value an organization gets from such a contract. Contract management is also a risk mitigation method.

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Contract management Contract Management Risk 130

ProcurePort

SEPTEMBER 29, 2022

• Contracts are an indispensable part of any enterprise. Every dollar entering and leaving an organization must be predicated on a contract. That is why contract management processes are critical for any operation. Contract management helps ensure that contracts with vendors or […].

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Contract management Contract Management Procurement 130

ProcurePort

DECEMBER 3, 2020

Contract management is one of the key duties procurement and sourcing teams must attend to. An orderly contract management process can grow business and increase revenue. To get the best value from each supplier contract, it is imperative to know and understand exactly what is contract management.

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Contract management Contract Management Procurement 217

Supply Chain Brain

MARCH 14, 2024

Contracts have long been uncelebrated essentials in the business environment. If your company is like most others, procurement professionals view commercial agreements as irritating interruptions to business procedures. They can’t wait to sign the bottom line of the documents, file them in a cabinet and forget them.

Contract 105

Contract Procurement 105

Procurement Tactics

DECEMBER 20, 2022

Contract Lifecycle Management Software — The Ultimate Guide of 2023. Integrating contract lifecycle management software is one of the best ways to manage contracts in a company. In this article, we will discuss what contract lifecycle management software is. What is a Contract Lifecycle? . Download Whitepaper →. .

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Contract Management e2e Contract management 130

ProcurePort

SEPTEMBER 7, 2022

• Contracts are legally binding documents. As such, the process that governs their creation, execution, and reviewal – i.e. contract management is an integral function of any organization. • The post What is the Process of Contract Management appeared first on ProcurePort Blog.

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Contract management Contract Contract administration Management 130

ProcurePort

JULY 19, 2022

• Contract management or contract management process cycle is the process of handling and carrying out obligations set out in agreements with third parties. • As a procurement manager, contract management is at the heart of everything you do.

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Contract management Contract Management Procurement 130

ProcurePort

JANUARY 28, 2021

In procurement, or source to contract systems, that core is contract management. Contract management is truly the […]. The post Three Source to Contract Steps for Better Contract Management appeared first on ProcurePort Blog. One of these patterns is that each has a core.

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Contract management Contract Sourcing Management 130

World of Procurement blog

APRIL 23, 2024

Central to this process are procurement contracts, which legally bind the terms of these acquisitions. This guide will take you through everything you need to know about procurement contracts, ensuring you're equipped to navigate their complexities like a professional. Working with Legal Coordination with your legal team is essential.

Procurement contracts 52

Procurement contracts Contract Procurement Negotiation 52

World of Procurement blog

APRIL 23, 2024

Central to this process are procurement contracts, which legally bind the terms of these acquisitions. This guide will take you through everything you need to know about procurement contracts, ensuring you're equipped to navigate their complexities like a professional. Working with Legal Coordination with your legal team is essential.

Procurement contracts 52

Procurement contracts Contract Procurement Negotiation 52

Procurement Tactics

AUGUST 23, 2022

Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. For this article, we will talk about what the contract management process is. So without further ado, let’s start uncovering contract management. .

Contract management 130

Contract management Contract supply chain software solutions Management 130

Supply Chain Brain

JANUARY 18, 2024

Generative AI (GenAI) has the potential to transform the contracting practices of companies by significantly reducing the contract authoring, review times, and making negotiations of commercial agreements more effective.

Contract 92

Contract Negotiation 92

Spend Matters

MARCH 27, 2024

The post Meet AI in Contract Lifecycle Management appeared first on Spend Matters. The respondents of the survey can be found below: List of all providers that answered our survey: Acquire Insights, Agiloft, Airbase, apexanalytix, Archlet AG, Arkestro, askLio, Basware, CategoryAI Inc., Visit the site and log in/register to read.

Contract 85

Contract Management Procurement Data 85

ProcurePort

SEPTEMBER 1, 2022

• If you’re looking for ways to manage spending and improve your profit base you cannot afford to overlook contract management. • You see, according to analysts from PricewaterhouseCoopers, effective contract management can save businesses up to 2% of their annual costs. of […].

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Contract management Contract Management Strategy 130

ProcurePort

NOVEMBER 3, 2021

Creating, negotiating, managing, and settling contracts is an essential part of any business. Contract management is also a critically underpinning element of sourcing in the supply chain. So, what are Contract Lifecycle Management CLM or simply contract creation tools? […]. […].

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Contract Contract management Negotiation Supply chain 130

ivalua

APRIL 6, 2021

A Guide to Contract Management Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using Contract Management software can bring to your Procurement processes. An Overview of Contract Lifecycle Management. Why is it Important to Manage Contracts?

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Contract Management Contract management e2e 130

ContractSafe

MARCH 21, 2024

The terms "contract administration" and "contract management" are often mistakenly used interchangeably, blurring the lines between two distinct yet interconnected stages in the lifecycle of a contract.

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Contract administration Contract management Contract Management 52

ProcurePort

APRIL 14, 2022

• In procurement circles, a company is likely to have multiple contracts with suppliers. Most of these contracts are tens or hundreds of pages long. Manual reviews can also be expensive when a large team is required to continually assess new contracts. Contract […].

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Risk management Contract Risk Management 130

World of Procurement blog

APRIL 23, 2024

In the complex tapestry of global business, the mastery of procurement contracts represents a linchpin for securing the operational excellence and strategic advantage of organizations. The maestro of this symphony is the procurement contract, a document that when skillfully composed, ensures the performance soars to its optimal potential.

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Procurement contracts Contract Procurement Negotiation 52

Procurement Heads

NOVEMBER 9, 2022

In October 2022 staffing firms reported a 7% increase in contract revenue when compared to September, while annual comparisons showed a 14% uptick in October. Ann Swain, CEO of APSCo commented, “The contract labour market has been heavily relied on as skills shortages remain rife.

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Contract Data Demand Suppliers 130

Procurement Heads

NOVEMBER 9, 2022

In October 2022 staffing firms reported a 7% increase in contract revenue when compared to September, while annual comparisons showed a 14% uptick in October. Ann Swain, CEO of APSCo commented, “The contract labour market has been heavily relied on as skills shortages remain rife.

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Contract Data Demand Suppliers 130

ProcurePort

MAY 19, 2022

• Effective contract administration and vendor management are not easy to achieve, especially when an organization is dealing with multiple vendors. There are multiple contracts to be agreed upon, monitored, reviewed, and renegotiated each year. However, if it […].

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Contract administration Vendor management Contract Management 130

ContractSafe

APRIL 16, 2024

In today's complex business landscape, contract collaboration plays a vital role in ensuring smooth operations and successful outcomes for organizations. But it’s a part of the contracting process that’s too often overlooked or undervalued.

Collaboration 52

Collaboration Contract 52

ProcurePort

AUGUST 23, 2022

Relationship management begins from vendor prequalification, to contracting, and eventually to performance and evaluation. The contracting process is often a complex one and understandably so. The post Supplier Contract Negotiation In Procurement: 5 Things to Remember appeared first on ProcurePort Blog. Both […].

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Negotiation Contract Suppliers Procurement 130

Barkers Procurement

APRIL 11, 2024

IT Service contracts form a core element of most organisation’s spend. In this thought leadership piece, IT Procurement expert, Mark Elkington reveals top tips on how to negotiate an IT service contract successfully. This will enable pricing challenges to be assessed based on the size of overall change.

Negotiation 52

Negotiation Contract Supplier relationship management Suppliers 52

ProcurePort

APRIL 5, 2022

· Contemporary supplier and contract database software promise to streamline how procurement teams approach contracts and sourcing. This technology ensures real-time communication, collaboration, and management of the contract lifecycle. But how do you know if you should invest in supplier and contract database software?

Contract 130

Contract Suppliers Procurement team Collaboration 130

ContractSafe

APRIL 30, 2024

Explore six time-saving strategies for small business contract management and learn how to streamline processes, enhance efficiency, and focus on growth.

Contract management 52

Contract management Contract Strategy Management 52

ivalua

NOVEMBER 13, 2022

Ivalua, a global leader in spend management , today announced that Tchibo, one of the largest coffee roasters in the world, has chosen Ivalua and its partner Capgemini to digitize Source-to-Contract (S2C) for its indirect purchasing of goods and services. Founded in 1949, the company today has a turnover of €3.2 ivalua.com.

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