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The Contract Management Playbook: Strategies and Secrets for Total Control

World of Procurement blog

Introduction to Contract Management Contract management is the process of systematically and efficiently managing contract creation, execution, and analysis to maximize operational and financial performance at an organization. Lease agreements - Contracts for renting equipment, real estate, vehicles, etc.

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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.

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Intake & Procurement Process Orchestration (2024 Guide)

Procurement Software

Intake and procurement process orchestration is all about managing stakeholders as they navigate through the procurement process. By meticulously handling the procurement intake, businesses lay the foundation for better end user adherence to procurement policies. What is procurement intake?

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New Year Insights for the procurement solutions and services marketplace 2024: GEP

Spend Matters

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

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The AI Advantage: Unlocking New Value for Procurement Teams

World of Procurement blog

Monitoring supplier relationships : AI can track supplier performance metrics, analyze contract terms for risks, and identify opportunities to improve supplier relationships. Enhancing contract management : Natural language processing enables AI to extract key data from contracts.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. Technology that streamlines and automates transactions and contract management can significantly reduce these errors and expedite sourcing processes. This technology can also help reduce the risk of regulatory non-compliance.

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Believe It Or Not, Procurement Impacts Every Single Person

ivalua

For the longest time, leading Procurement technology providers in my experience just ignored this space. The goal being to build in best practices that we’ve seen across our Public Sector customers, so that they are able to deploy and get up and running faster, thereby drastically reducing time-to-value.