Procurement Tactics

AUGUST 23, 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. What is Contract Management?

Contract management 130

Contract management Contract supply chain software solutions Management 130

ProcurePort

NOVEMBER 20, 2023

Online Contract Management Safety Overview: Strong security measures, like encryption and access controls, are important for keeping online contract management systems safe. To deal with risks like data breaches and unreliable vendors, we need to be proactive. appeared first on ProcurePort Blog.

Contract management 130

Contract management Contract Management Collaboration 130

ContractSafe

FEBRUARY 17, 2025

We know managing contracts manually can feel like a never-ending juggling act--one wrong move, and you risk missing deadlines or compliance issues. The thing is, contracts are the backbone of your business, and keeping them organized shouldn't be this hard. That's where contract management software comes in.

Contract management 59

Contract management Contract Management Risk 59

Spend Matters

APRIL 22, 2025

This Spend Matters Vendor Analysis gives an overview of Enlighta Spice, a supplier governance and risk solution built to manage performance and risks related to external spend with a focus on services spend. This content is for members only. Visit the site and log in/register to read.

Risk 68

Risk Suppliers Risk management Supplier relationship management 68

Spend Matters

SEPTEMBER 5, 2024

In today’s fast-paced business environment, the need for agility and accuracy in contract management is more critical than ever. Contracts serve as the foundation for business relationships, outlining the terms, conditions and expectations between parties.

Contract management 125

Contract management Contract Management Collaboration 125

Procurement Templates

NOVEMBER 21, 2024

Audit Supply Chains: Identify and address environmental and social risks in the supply chain. Risk Management Actionable Steps: Identify Risks: Develop a checklist of potential procurement risks, such as supply chain disruptions or quality issues. Resources: Risk management certifications (e.g.,

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Una

APRIL 18, 2023

EPISODE 111 Taking Intelligent Risks with Mark Trowbridge By Kelly Barner | April 19, 2023 We’ve all been mired in years of paralyzing risk and disruption… but could risk taking be just what this moment calls for? Yes – as long as the risks are “intelligent risks.”

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Spend Matters

APRIL 17, 2025

For sourcing and contracting, natural language processing (NLP) enables metadata extraction at both document and clause levels, offering granular visibility into contract terms and obligations.

Strategy 98

Strategy Real-time Visibility Procurement Procurement team 98

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.

Contract management 98

Contract management Contract Import Management 98

ProcurePort

MARCH 23, 2021

The risk will always be a part of our everyday lives. In fact, the right risks, made with calculations and well-founded information, yield some of the best rewards. The post How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist appeared first on ProcurePort Blog.

Risk management 182

Risk management Risk Suppliers Management 182

Art of Procurement

JUNE 9, 2024

“A contract lifecycle management platform drives processes for you. That drives your price down, your risk down, and you get. The post The Future of Digital Contract Management appeared first on Art of Procurement.

Contract management 69

Contract management Contract Management Price 69

ivalua

JUNE 10, 2020

Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. That’s why companies are always looking for new ways to streamline and increase efficiencies while also mitigating the risk within their supply chain. Understanding Supplier Risk Management.

Risk management 147

Risk management Risk Suppliers Management 147

Spend Matters

DECEMBER 8, 2022

Categories: Contract Management , Procurement Systems & Architecture , Risk Performance and Compliance , Supply Risk Management , Vendor Snapshots Tags: EU , Risk , supply chain risk management Spend Matters PRO content brings you the most thorough analysis of vendors serving the procurement technology space.

Risk 103

Risk Risk management Contract management Contract 103

Procurement Tactics

MARCH 16, 2023

When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals. Category Management Category management sorts your spending into areas with the same supplier markets.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

ivalua

NOVEMBER 29, 2022

And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management. of cost savings this way, but they can reduce leakage by about 40% with better connected sourcing, contracting and procure-to-pay processes. Risk Metrics.

Risk 130

Risk Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 130

Procurement Insights

FEBRUARY 21, 2025

Network Intelligence: Learns from market trends, supplier performance, and risk factors to optimize sourcing and supplier management. No Supplier Intelligence & External Data Enrichment Cannot enrich supplier profiles with external risk, ESG, diversity, or performance data (which solutions like TealBook or EcoVadis provide).

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

Una

JUNE 18, 2024

Contract Management Best Practices for Procurement Pros Learn why its critical for procurement teams to have contract management best practices in place to proactively monitor promised benefits. By Hugo Britt | June 18, 2024 Search Search At what point in the contract lifecycle does procurement’s role end?

Contract management 52

Contract management Contract Management Procurement team 52

Spend Matters

SEPTEMBER 8, 2022

Over the coming weeks, our risk series will cover vendors within the following risk categories: Financial Risk & Supplier Risk. Supply Chain Risk. Supplier Management Non-Suites. Supplier Management Suites. Contract Risk Management. Compliance/CSR Risk.

Risk 75

Risk Contract Risk management Contract management 75

ProcurePort

APRIL 14, 2022

Manual reviews can also be expensive when a large team is required to continually assess new contracts. Contract […]. The post 4 Contract Risk Management Tools To Protect Your Organization appeared first on ProcurePort Blog. . • Reviewing them manually is not only time-consuming but also challenging.

Risk management 130

Risk management Contract Risk Management 130

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. Hot tip: Never underestimate the potential impacts of procurement risk.

Purchasing 96

Purchasing Risk Management Procurement 96

ContractSafe

OCTOBER 21, 2024

Learn the seven essential best practices for finance contract management in order to streamline processes, mitigate risks, and ensure compliance.

Contract management 52

Contract management Contract Management Risk 52

ivalua

APRIL 23, 2020

The overall theme is the “Journey to Procurement Excellence”, focusing on how Procurement can deliver value through supplier collaboration, supplier risk management and more advanced strategies and capabilities to deal with Procurement and supply chain management risks and challenges – while not forgetting cost and operational perspectives.

supply chain software solutions 46

supply chain software solutions Supply chain Procurement Supply 46

Una

APRIL 18, 2023

Pain Points in Procurement Series How Procurement Can Risk-Proof an Organization During a Recession Five steps procurement can take to risk-proof an organization against the impacts of a looming economic recession. So, how can procurement risk-proof an organization during a recession without squeezing suppliers?

Risk 98

Risk Procurement supply chain budgeting Supply Chain Optimization 98

ivalua

APRIL 6, 2021

A Guide to Contract Management Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using Contract Management software can bring to your Procurement processes. An Overview of Contract Lifecycle Management. But there’s more.

Contract 130

Contract Management Contract management e2e 130

Spend Matters

MARCH 19, 2025

Solution providers excelling in top tech and customer favorite scores Congratulations to the best-of-breeds and suites that topped the SolutionMap rankings with their top tech and best customer scores.

Eprocurement 85

Eprocurement Contract management Contract Sourcing 85

Spend Matters

APRIL 23, 2025

The event included several new product announcements as well as company updates following Docusigns major announcement at last years event, the advent of a new contract management category called Intelligent Agreement Management (IAM) designed for wider organizational appeal beyond just procurement and legal departments.

Contract 73

Contract Contract management Collaboration Management 73

Procurement Tactics

JUNE 28, 2023

It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. Contract Management Contract Management is tracking the contractual lifecycle, including contract creation, renewal, and termination dates.

Supply Chain Efficiency 178

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

Procurement Tactics

FEBRUARY 19, 2023

Contract management ChatGPT can provide assistance to procurement professionals by assisting them in managing their contracts by providing information on the contract terms and conditions. Sourcing suppliers ChatGPT can help procurement professionals to identify potential suppliers by analyzing supplier data.

Procurement 287

Procurement Market analysis Contract Suppliers 287

Spend Matters

APRIL 15, 2025

Leading firms are using AI to model extended value chains, linking them with AI-assisted supplier intelligence to anticipate risks before they become problems. Public sector: Navigating regulations and mitigating risk Procurement in the public sector often faces more red tape and strict regulatory requirements than other industries.

Real-time Visibility 73

Real-time Visibility Procurement e2e Supply Chain Efficiency 73

Procurement Insights

MAY 14, 2025

His work is theoretical, focusing on adaptive systems to predict supplier risks or optimize sourcing. contract automation), with some predictive analytics capabilities. contract compliance), but his focus is less on risk management, offering limited support for supply chain volatility.

Supply Chain Optimization 59

Supply Chain Optimization Contract Supplier relationship management Procurement strategies 59

ivalua

FEBRUARY 10, 2023

They should do this by regularly tracking changes in the economy and taking proactive steps to mitigate any potential risks associated with inflation. This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive.

Price 264

Price Strategy Sourcing Real-time Visibility 264

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.

Contract management 52

Contract management Contract Management e2e 52

Procurement Templates

MARCH 7, 2024

Key components typically found in a procurement playbook include: Procurement policies and procedures: Clearly defined rules and regulations governing procurement processes, such as vendor selection criteria, bidding procedures, and contract management protocols.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

Jaggaer

FEBRUARY 5, 2025

Supplier Risk Assessment – In an increasingly large number of cases, a detailed supplier risk assessment might be required to determine whether the lowest bidder is the best overall choice. Negotiation & Contract Award – Once a supplier is selected, the process of finalizing the award and drawing up the contract begins.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

SCMDOJO

MARCH 14, 2025

Contract Signing Finalize agreements and establish contract management mechanisms. Contract Execution & Compliance Audits Regularly monitor quality, deadlines, and performance. Best Practices: Establish KPIs for contract performance monitoring. Use digital contract management systems for tracking obligations.

Bidding 54

Bidding Contract Contract management Price 54

Spend Matters

MAY 8, 2025

Instead of prioritizing the newest features, procurement leaders must evaluate tools based on how well they address core objectives, such as cost optimization, risk management and operational efficiency. Another common pitfall is trying to do too much with one implementation.

Procurement 63

Procurement Cost of ownership Stakeholder engagement Contract 63