article thumbnail

The Role Procurement Teams Play in Contract Management

ProcurePort

In most cases, contract management is left to the legal department team members. However, the team may not have all the required technical knowledge to […]. The post The Role Procurement Teams Play in Contract Management appeared first on ProcurePort Blog.

article thumbnail

Contract Manager Responsibilities to the Procurement Team

ProcurePort

Staffing the procurement team with informed individuals who are capable, knowledgeable, and take ownership of their roles within the department is important in building an effective, and efficient procurement team. Each individual involved in procurement should have […].

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Enhancing Your Contract Management System for 2021

ProcurePort

Procurement teams have to operate similarly to that of a clock. Contract management is one of the most important aspects in […]. The post Enhancing Your Contract Management System for 2021 appeared first on ProcurePort Blog. Each piece a cog, whose function affects the entirety of the clock.

article thumbnail

How Contract Management Software is Changing the Game

ProcurePort

Contract management software (CMS) is revolutionizing the way sourcing and procurement teams do business. Gone are the days of tedious paper-based contracts. Technology has changed how contracts are signed, negotiated, and renewed.

article thumbnail

What Is Contract Management in Procurement?

ContractSafe

What Is Contract Management in Procurement? Procurement teams are critical for any organization, and because they are responsible for contract management, they have a special place in our hearts here at ContractSafe.

article thumbnail

The Top Contract Management trends of 2022

World of Procurement blog

Over Christmas, I started thinking about the top Contract Management trends for 2022. One general observation I have of us Contract Managers is that there is a fantastic opportunity to become more closely aligned with our Legal colleagues. I’ve been reviewing a lot of contracts.

article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 264