article thumbnail

Contract Management Process — Everything You Should Know

Procurement Tactics

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?

article thumbnail

The Opportunity — and Challenges — for Digital Transformation in MENA

ivalua

In fact, a survey conducted by the Economist Intelligence Unit (EIU) found that 96% of respondents from the Middle East region were reconfiguring their supply chains in October 2020 — much higher than the global average of 83%. What’s more, PwC found that the average investment in risk management among MENA companies was $1.5

professionals

Sign Up for our Newsletter

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

article thumbnail

What is Supply Chain Management? A Guide to Success

SCMDOJO

A well-managed supply chain enables businesses to respond swiftly to market demands, mitigate risks, and seize growth opportunities. Key Components of Supply Chain Management To understand supply chain management better, let’s dive into its key components.

article thumbnail

Towards stronger, better supplier relationships in 2022

Zycus Cognitive Procurement

You not only miss out on opportunities but also risk major setbacks due to possible supplier disruptions. The first step to building a resilient supply chain is strengthening your relationships with suppliers. The era of the linear, traditional supply chain is long gone. Some costly-to-ignore risk areas.

article thumbnail

The Dirty Little Secrets in Procurement!

Supply Chain Game Changer

According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases. And, only 15% had visibility into tier 2 or beyond.

article thumbnail

What is Contract Lifecycle Management (CLM)?

ivalua

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
article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?