Change management Contract management Order Fulfillment Risk 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.
IBM Supply Chain Blog
APRIL 4, 2024
Benefits: Automated claim processing Reduced processing times Enhanced visibility Compliance and risk management By automating routine tasks and implementing predefined rules, BPM enables timely compliance with regulatory requirements and internal policies. Real-time visibility into contract status improves overall contract management.
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