Contract Related Topics 
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.
Procurement Tactics
JULY 17, 2023
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Choosing a Contract Management Tool Choosing a contract management tool is crucial for your business as you need to select what suits your company the best. Contract Management: What is it?
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Procurement Tactics
MAY 4, 2023
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Contract Auditing — Everything You Should Know Contract auditing allows parties to know their obligations and follow them thoroughly. In this article, we will discuss what contract audit means.
ABC of Procurement
JUNE 17, 2023
Correct, procurement does not create contracts. The post Checklist for a good Procurement contract first appeared on ABC of Procurement. The legal department does it. But if something goes wrong, we will have to deal with the consequences.
Advertiser: GEP
In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.
Procurement Tactics
MAY 2, 2023
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Sustainable Contracts — Embracing Sustainability in Procurement Sustainable contracts allow companies to oblige their suppliers to practice sustainable and ethical practices once they sign them.
Procurement Templates
JANUARY 5, 2024
Creating a comprehensive contract management checklist involves several key steps to ensure effective oversight and compliance. Here’s a detailed checklist you can use: Contract Initiation: Define contract objectives and requirements. Establish contract terms and conditions. Identify stakeholders and their roles.
Advertiser: GEP
To learn how exactly autonomous AI agents will transform source-to-contract and procure-to-pay, read this whitepaper now. They integrate reasoning with LLM inputs so that employees can provide directions in natural language and the agents will pull data and interact directly through internal systems and external stakeholders.
Advertiser: GEP
The high-tech and telecom sectors face a contract management crisis if the process isn’t managed properly. Continual technological changes necessitate adjustments to manufacturing and supply chain processes, leading to a heavy volume of contracts that outpaces most industries. What can CPOs do to ease the contract management burden?
Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase
ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract.
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Understanding when and how to leverage real-time, spot, contract and dedicated procurement—depending on business needs and the state of the market—will be vital to navigating supply chain volatility.
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CEVA Logistics, a global leader in third-party logistics, was contracted to help a technology company manage its complex supply chain, supporting B2B, B2C, and reverse flows across multi-leg transport.
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. Procuring freight can be cumbersome, time-consuming, and error-prone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs.
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