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.

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Procurement contracts Contract Procurement Negotiation 52

Procurement Freelancers

FEBRUARY 27, 2024

Navigating many contracts is hard. This is especially true for freelance procurement contract managers. Mastery…

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Procurement contracts Contract Contract management Procurement 68

Procurement Freelancers

DECEMBER 31, 2023

For a business to be successful, procurement contract management is a must. Companies need to…

Contract management 40

Contract management Procurement contracts Contract Management 40

Procurement Freelancers

MARCH 17, 2023

In the corporate sector, especially in the selling of products and services, procurement contracts are… The post Learning About The Contract Management Practices In The Field Of Procurement first appeared on Procurement Blog | Procurement & Supply Chain News.

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Contract management Contract Procurement contracts Procurement 94

SCMDOJO

JULY 18, 2023

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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Contract management Contract Import Management 93

Procurement Freelancers

DECEMBER 6, 2023

In an ever-evolving business landscape, where every penny saved can make a significant difference to…

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Contract management Procurement contracts Contract Management 41

Procurement Freelancers

JUNE 4, 2023

Buyers and suppliers used to do business via written contracts. Even though this is still… The post The Stages Of Contract Lifecycle Management As Followed By Contract Managers first appeared on Procurement Blog | Procurement & Supply Chain News.

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Contract management Contract Management Buyers 52

ContractSafe

FEBRUARY 15, 2023

Ever heard the phrase “as busy as a cat on a hot tin roof?”

Contract management 52

Contract management Procurement contracts Contract Management 52

World of Procurement blog

APRIL 23, 2024

Financial Acumen : Understanding market trends, cost structures, and the impact of procurement activities on the financials. Technical Expertise : Understanding the technical aspects of the goods and services being procured. Contract Management : Navigating, drafting, and managing contracts with vendors.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Financial Acumen : Understanding market trends, cost structures, and the impact of procurement activities on the financials. Technical Expertise : Understanding the technical aspects of the goods and services being procured. Contract Management : Navigating, drafting, and managing contracts with vendors.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Strategic sourcing and cost management are integral parts of this phase to ensure the company remains cost-efficient and competitive. Supply Chain Management in Contract Management Supply chain management in contract management involves drafting agreements that govern the terms of engagement with suppliers, vendors, and other partners.

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Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Strategic sourcing and cost management are integral parts of this phase to ensure the company remains cost-efficient and competitive. Supply Chain Management in Contract Management Supply chain management in contract management involves drafting agreements that govern the terms of engagement with suppliers, vendors, and other partners.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Procurement Tactics

DECEMBER 20, 2022

According to an investment banking company, Goldman Sachs, automating contract management speeds up sales negotiation cycles by up to 50%. Additionally, it removes inaccurate payments by 75 to 90% and decreases the operating and processing costs related to contact management by up to 30%.

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Contract Management e2e Contract management 130

Procurement Heads

DECEMBER 5, 2022

I am the Commercial and Transformation Director, so I oversee procurement, contract management, and commercial activity and am working to support my colleagues in developing their operation model. What is the structure of the procurement function at Orbit? It is very friendly, very positive and a reassuring culture.

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Contract management Contract Stakeholder engagement Procurement 130

ivalua

OCTOBER 28, 2022

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.

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Bidding Procurement Procurement team Procurement solutions 130

Procurement Heads

JUNE 6, 2023

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.

Contract management 130

Contract management Contract Supply Chain Efficiency Procurement 130

Barkers Procurement

MAY 25, 2022

To achieve Jersey Electricity’s objectives, Barkers provided a senior procurement and commercial consultant experienced in various procurement and commercial aspects as well as communications and stakeholder management. Infor EAM (asset management and procurement module) implementation. Unwanted risks elimination.

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Contract management Supplier relationship management Negotiation Contract 52

Arkestro

MARCH 27, 2024

Contract Management Tools By automating tasks and providing insights, contract management tools streamline the entire procurement contract lifecyle. Procurement buyers can use these tools to help with contract creation, approval workflows, renewal notifications and more.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

SCMDOJO

FEBRUARY 13, 2023

Works with procurement staff to forecast organizational needs and supplies using past data. The Manager reviews RFPs before sending them out to potential suppliers to bid. Review and negotiate procurement contracts within the organization to ensure the best value. Review requests for proposals (RFPs).

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Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Skill Dynamics

OCTOBER 19, 2023

Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Zycus Cognitive Procurement

FEBRUARY 2, 2021

Contract management and e-procurement are other immediate areas of transformational interest for enterprises. Why Contract Management? Using that same logic, it can model new contracts to avoid the language traps used in earlier contracts. The possibilities are endless.

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Supply Chain Efficiency Supply chain Contract management Contract 52

Procurement Software

JUNE 20, 2023

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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Contract management Contract e2e Management 52

World of Procurement blog

JUNE 17, 2021

What is Contract Management? Contract Management is the process of managing all of your contracts. For this article, we’re going to focus on Contract Management related to your Supply Chain Contracts, or Procurement Contracts. Why do we need Contract Management?

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Contract management Contract Management Contract administration 52

ivalua

MAY 15, 2019

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repositor. Christopher Bourez, Artificial Intelligence Architect at Ivalua.

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Contract Data Management Contract management 150

ivalua

MAY 15, 2019

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repository. One of the initial use cases the team is tackling is for contract analysis. .

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Contract Data Contract management Risk 147

Procurify

JULY 20, 2022

However, organizations need separate contracts that define their working relationship with their suppliers. Therefore, contract management is an integral part of procurement. Contracts protect companies from litigation issues and put agreed-upon pricing, delivery and product standards in writing.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Procurement Software

MARCH 11, 2022

It then becomes a win-win for both Procurement and also for our internal stakeholders. The easier it is for them to register and use any digital tools, be it for e-sourcing, e-procurement, contract management or procure to pay software, then the more likely they are to adopt it and embrace it.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Procurement Software

MARCH 11, 2022

It then becomes a win-win for both Procurement and also for our internal stakeholders. The easier it is for them to register and use any digital tools, be it for e-sourcing, e-procurement, contract management or procure to pay software, then the more likely they are to adopt it and embrace it.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Freelancers

APRIL 6, 2024

A company can use its purchasing process as a strategic tool to cut costs, boost… The post Why Your Next Big Win Lies in Better Procurement Strategies first appeared on Procurement Blog | Procurement & Supply Chain News.

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Procurement strategies Strategy Procurement Purchasing 52

Una

OCTOBER 9, 2023

Contracting & Supplier Relationship Management Consult with your legal team, include an NDA if necessary, and clearly outline KPIs and your reporting process. Contract Development Make sure key components of a strong procurement contract are included, like terms and conditions, pricing structures, and legal considerations.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

JANUARY 29, 2020

The need for organisations to move quickly to protect and grow their business is not new, but through the last decade, the risks for those who don’t have grown. . Think about all those retailers who no doubt thought they would eventually develop a decent online offering – but there was no rush, was there?

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Collaboration Innovation Agile and Lean Supply Chain Procurement 213

ivalua

MARCH 5, 2020

Last week, round 40 Procurement leaders got together in the very pleasant surroundings of the Royal Lancaster Hotel in London to talk about collaboration, and to celebrate Ivalua’s increased presence in the UK.

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Collaboration Agile and Lean Supply Chain Procurement supply chain budgeting 130

ivalua

DECEMBER 17, 2018

The Hackett Group and Ivalua have been working together for some months to assess the status of Digital Procurement transformation and lessons learned from early adopters. CPOs in many organisations have progressed beyond the planning stage, with Ivalua actively working with many of them and supporting their journey.

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Procurement Data Suppliers Sourcing 124

ivalua

MARCH 14, 2019

It’s a question that you can answer for yourself at Ivalua Now – The Art of Procurement , being held, appropriately enough, at The Louvre, Paris 10 th – 12 th April. We’re led to believe that there’s a fundamental difference between something that’s art and something that’s science.

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Procurement Innovation Strategic sourcing Strategic sourcing 100

Procurement Freelancers

DECEMBER 27, 2022

Is your procurement division prepared for the difficulties that lie ahead? When the only certainty… The post Tips To Primarily Consider For Enhancing A Procurement Process first appeared on Procurement Blog | Procurement & Supply Chain News.

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Procurement Supply chain Supply Procurement contracts 52

Procurement Freelancers

NOVEMBER 24, 2022

Supply Chain Management (SCM) is focused on ensuring the efficient movement of services and products.… … The post Important Tips To Consider For Effective Supply Chain Management first appeared on Procurement Blog | Procurement & Supply Chain News.

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Supply chain management Supply chain management Supply Chain Efficiency Import 52

Supply Chain Game Changer

NOVEMBER 22, 2018

We affirm several of the same areas (Supply Chain, Risk Management, P2P, Innovation Driven Procurement, Contract Management, SaaS….),

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supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63