ProcurePort

JULY 27, 2021

Procurement today is supposed to be a management function within an organization, directly supporting the strategic goals of the organization. In most cases, contract management is left to the legal department team members. However, this is yet to be achieved in most organizations.

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Procurement Freelancers

AUGUST 31, 2023

The proper handling of procurement contracts is a crucial factor in any business’s prosperity. From… The post How To Succeed As A Freelance Procurement Contract Manager first appeared on Procurement Blog | Procurement & Supply Chain News.

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Procurement contracts Contract management Contract Procurement 95

Procurement Tactics

AUGUST 23, 2022

33 Procurement Interview Questions in 2022. Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. For this article, we will talk about what the contract management process is.

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ProcurePort

JULY 19, 2022

• Contract management or contract management process cycle is the process of handling and carrying out obligations set out in agreements with third parties. • As a procurement manager, contract management is at the heart of everything you do.

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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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ProcurePort

MARCH 11, 2021

What are contract management and contract administration, and how do these two processes impact your procurement efforts? Dealing with contracts is hard and it’s much harder if you don’t know the difference between contract management and contract administration.

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ProcurePort

JUNE 24, 2020

Each team member of the procurement department is going to have a specific role in the procurement process. 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.

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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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World of Procurement blog

MAY 8, 2024

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. Negotiations may be required to create new contracts.

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Procurement Templates

MARCH 7, 2024

A procurement playbook is a comprehensive document or set of guidelines that outlines the processes, procedures, best practices, and standards for managing procurement activities within an organization. It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services.

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ProcurePort

APRIL 2, 2020

We all know that the procurement business can be tough, and one of the toughest parts of it is recognizing the biggest security risks in contract management. Vendor contracts are a top priority for anyone in procurement. Here’s what […]. Here’s what […].

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ProcurePort

SEPTEMBER 14, 2020

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.

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ProcurePort

JANUARY 28, 2021

In procurement, or source to contract systems, that core is contract management. Contract management is truly the […]. The post Three Source to Contract Steps for Better Contract Management appeared first on ProcurePort Blog. One of these patterns is that each has a core.

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ProcurePort

AUGUST 13, 2020

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.

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Procurement Freelancers

JULY 17, 2023

Organisations constantly seek ways to optimise their procurement processes in today’s competitive business landscape. One… The post The Benefits Of Hiring A Freelance Procurement Contract Manager first appeared on Procurement Blog | Procurement & Supply Chain News.

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ProcurePort

MAY 12, 2022

• Managing agreements is a critical part of any procurement process. In a normal procurement process, buyers, usually organizations or institutions, send their purchase requests to suppliers to inquire about product availability, pricing, and delivery. •

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ProcurePort

APRIL 14, 2021

The cloud has revolutionized procurement as we know it. The post 5 Advantages of Using the Cloud for Contract Management appeared first on ProcurePort Blog. The post 5 Advantages of Using the Cloud for Contract Management appeared first on ProcurePort Blog.

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ContractSafe

JANUARY 21, 2022

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.

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Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

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Spend Matters

OCTOBER 23, 2023

In this Spend Matters Vendor Analysis we provide an overview of AnyData Solutions and its solution for spend analytics, contract management, supplier relationship management and ESG/performance tracking. In the world of business, procurement departments play a pivotal role in shaping an organization’s success.

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RPF360

DECEMBER 29, 2022

Procurement technology includes a range of interesting solutions including contract management, data sources, RFP management systems, spend analytics and more. Explore our favorite procurement technology solutions in this blog. The post The top 23 procurement technology tools for 2023 appeared first on RFP360.

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Procurement Freelancers

DECEMBER 31, 2023

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

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Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

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Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

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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Procurement Tactics

FEBRUARY 19, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. What is ChatGPT?

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Procurement Templates

NOVEMBER 13, 2022

Procurement helps an organisation aggregate the spend to help create efficiencies. Review the c ategory management opportunities. Carry out Contract Management. The post Pareto Rule & Procurement appeared first on Procurement Templates. The first step is to pull a spend report. Undertake Sourcing.

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Procurement Templates

NOVEMBER 13, 2022

What are the 7 stages of procurement? These are the 7 important steps in the procurement process: Step 0: Defining the need Step 1: Request to purchase Step 2: Pre- sourcing Step 3: Procurement process. Step 4: Evaluation and contract. Step 5: Contract management. Step 6: Invoice approvals and disputes.

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World of Procurement blog

JANUARY 12, 2022

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.

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Procurement Freelancers

FEBRUARY 27, 2024

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

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Value Match

AUGUST 11, 2022

Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. Responsible Organisational Management. Management of PPE Contracts. 58% of this value has been awarded for products and suppliers whilst 41% was dedicated to procuring related services. 6 actions to manage and mitigate risk.

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Procurement Tactics

JUNE 19, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Your Ultimate Guide To Launching A Digitized Procurement Startup One of the biggest advantages of digitization in the procurement industry is that it allows you to use data analysis to make informed decisions.

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Una

MAY 8, 2024

EPISODE 164 Aligning Procurement and Legal Operations with Lisa Haitz By Kelly Barner | May 8, 2024 Procurement’s relationship with legal is one of the most important they have. Lisa has over 20 years of experience in finance, legal, commercial operations, sourcing, and procurement.

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Procurement Tactics

SEPTEMBER 8, 2022

33 Procurement Interview Questions in 2022. Operational Procurement — Everything You Should Know. Operational procurement sustains every business to do its daily operation. Do not worry if you do not know operational procurement as this article will help you understand it. The Definition of Operational Procurement.

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Procurement Insights

DECEMBER 14, 2022

Titled “Moving Contract Management Beyond Dormant Enforcement,” I talk about the transformation of contracts from being a “tool of enforcement” to becoming a source of “actionable insight” to facilitate greater cooperation and success for buyer and seller. What is Actionable Intelligence?

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The Procuretech Podcast

MAY 20, 2020

Daniel is a law graduate and also recently launched his own podcast, World of Procurement. We talk about how the human touch, combined with automation of repetitive tasks, is the best solution when considering how to best manage your supplier contracts. 22:40 How to build a business case for a contract management solution.

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Procurement Templates

APRIL 15, 2024

Imagine starting a new procurement role where you have a real chance of making changes and influencing the procurement direction. Review Existing Processes: Analyze current procurement processes, systems, and documentation to identify strengths, weaknesses, and areas for improvement.

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ContractSafe

MAY 6, 2022

Managing vendor contracts and relationships is an often-underappreciated balancing act that procurement managers face.

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