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

SEPTEMBER 29, 2022

• Contracts are an indispensable part of any enterprise. Every dollar entering and leaving an organization must be predicated on a contract. That is why contract management processes are critical for any operation. Contract management helps ensure that contracts with vendors or […].

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Procurement Insights

SEPTEMBER 17, 2023

According to a Deloitte Survey , 91% of people don’t read the fine print in contracts. For people 18 to 34, 97% don’t read the terms and fine print in a contract. Does this surprise you?

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ProcurePort

JUNE 21, 2022

• Contract management is the overseeing of a contract throughout its lifecycle. It starts with the creation, and execution, to the evaluation of vendor performance with the goal of maximizing the value an organization gets from such a contract. Contract management is also a risk mitigation method.

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Procurement Tactics

DECEMBER 20, 2022

Contract Lifecycle Management Software — The Ultimate Guide of 2023. Integrating contract lifecycle management software is one of the best ways to manage contracts in a company. In this article, we will discuss what contract lifecycle management software is. What is a Contract Lifecycle? . Download Whitepaper →. .

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Contract Management Procurement e2e 130

Barkers Procurement

SEPTEMBER 17, 2023

Contract lifecycle management, often abbreviated to ‘CLM’ in procurement, is the management of contracts from the initiation right through to the termination or renewal of the contract. Contracts are crucial documents.

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ProcurePort

SEPTEMBER 7, 2022

• Contracts are legally binding documents. As such, the process that governs their creation, execution, and reviewal – i.e. contract management is an integral function of any organization. • The post What is the Process of Contract Management appeared first on ProcurePort Blog.

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ProcurePort

DECEMBER 3, 2020

Contract management is one of the key duties procurement and sourcing teams must attend to. An orderly contract management process can grow business and increase revenue. To get the best value from each supplier contract, it is imperative to know and understand exactly what is contract management.

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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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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. So without further ado, let’s start uncovering contract management. .

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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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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 Procurement Contract 80

ProcurePort

SEPTEMBER 1, 2022

• If you’re looking for ways to manage spending and improve your profit base you cannot afford to overlook contract management. • You see, according to analysts from PricewaterhouseCoopers, effective contract management can save businesses up to 2% of their annual costs. of […].

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Supply Chain Brain

SEPTEMBER 5, 2023

Port of Los Angeles Executive Director Gene Seroka thanked the 22,000 members of the ILWU for ratifying the six-year contract.

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Contract 97

Procurement Heads

NOVEMBER 9, 2022

In October 2022 staffing firms reported a 7% increase in contract revenue when compared to September, while annual comparisons showed a 14% uptick in October. Ann Swain, CEO of APSCo commented, “The contract labour market has been heavily relied on as skills shortages remain rife.

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ProcurePort

NOVEMBER 3, 2021

Creating, negotiating, managing, and settling contracts is an essential part of any business. Contract management is also a critically underpinning element of sourcing in the supply chain. So, what are Contract Lifecycle Management CLM or simply contract creation tools? […]. […].

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Procurement Heads

NOVEMBER 9, 2022

In October 2022 staffing firms reported a 7% increase in contract revenue when compared to September, while annual comparisons showed a 14% uptick in October. Ann Swain, CEO of APSCo commented, “The contract labour market has been heavily relied on as skills shortages remain rife.

Contract 130

Contract Data Procurement Supply chain 130

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. Why is it Important to Manage Contracts?

Contract 130

Contract supply chain software solutions Supply Chain Efficiency Management 130

ProcurePort

APRIL 14, 2022

• In procurement circles, a company is likely to have multiple contracts with suppliers. Most of these contracts are tens or hundreds of pages long. Manual reviews can also be expensive when a large team is required to continually assess new contracts. Contract […].

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Supply Chain Brain

AUGUST 23, 2023

The union said that over 86% of participating teamsters voted to approve the contract, which will now be in retroactive effect August 1.

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Contract 98

Spend Matters

JUNE 19, 2023

In this article, our analyst Nikhil Gaur looks at contract lifecycle management (CLM) platforms. What does a contract lifecycle management solution do? Top 5 Contract Lifecycle Management tech capabilities What’s the state of different procurement technologies in the market today and do they meet user demands?

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Contract Management Procurement Negotiation 84

SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?

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Logistics Contract Supply Chain Efficiency Supply Chain Optimization 91

ProcurePort

MAY 19, 2022

• Effective contract administration and vendor management are not easy to achieve, especially when an organization is dealing with multiple vendors. There are multiple contracts to be agreed upon, monitored, reviewed, and renegotiated each year. However, if it […].

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Procurement Freelancers

AUGUST 19, 2023

Purchasing things and services to satisfy the business’s demands is one ⁠ of the most critical… The post Understanding The Different Types Of Procurement Contracts first appeared on Procurement Blog | Procurement & Supply Chain News.

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ProcurePort

AUGUST 23, 2022

Relationship management begins from vendor prequalification, to contracting, and eventually to performance and evaluation. The contracting process is often a complex one and understandably so. The post Supplier Contract Negotiation In Procurement: 5 Things to Remember appeared first on ProcurePort Blog. Both […].

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ivalua

NOVEMBER 13, 2022

Ivalua, a global leader in spend management , today announced that Tchibo, one of the largest coffee roasters in the world, has chosen Ivalua and its partner Capgemini to digitize Source-to-Contract (S2C) for its indirect purchasing of goods and services. Founded in 1949, the company today has a turnover of €3.2 ivalua.com.

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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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Contract management Procurement Contract Supply Chain Efficiency 94

ivalua

DECEMBER 7, 2022

Ivalua, a global leader in spend management , today announced that bol.com, the largest online retailer in the Netherlands and Belgium, has selected Ivalua’s solution to digitalize its indirect Source-to-Contract (S2C) processes. The project has been delivered in partnership with Accenture. Learn more at www.ivalua.com. Follow us at @Ivalua.

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ProcurePort

APRIL 5, 2022

· Contemporary supplier and contract database software promise to streamline how procurement teams approach contracts and sourcing. This technology ensures real-time communication, collaboration, and management of the contract lifecycle. But how do you know if you should invest in supplier and contract database software?

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ContractSafe

AUGUST 21, 2023

The contract negotiation process can be tedious, but it doesn't have to be painful or unfair. Follow ContractSafe's six tips for negotiating contracts that (hopefully!) make all parties happy.

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Negotiation Contract 52

ContractSafe

AUGUST 18, 2023

Cloud contract management can help you safely and efficiently manage your contracts. Learn how your company can benefit from cloud contract management software.

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Supply Chain Game Changer

OCTOBER 12, 2022

Effective Sales Contract Lifecycle Management Best Practices! Therefore a supply chain contract or sponsorship agreement would be best in such instances. Your legal team can draft the legal documents you need for a supply chain contract. Alternatively, you can also search online for contract templates. Subscribe Here!

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Supply Chain Optimization Supply chain Contract Supply 108

ProcurePort

JANUARY 26, 2022

The contract procurement process refers to a series of steps and procedures undertaken by a business or an organization when purchasing products and services. The contract procurement process starts when the manager identifies a […]. The contract procurement process starts when the manager identifies a […].

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Procurement Contract Purchasing Management 130

ContractSafe

SEPTEMBER 19, 2023

Master SaaS contract management with our comprehensive guide. Learn the challenges, benefits, and best practices to streamline your operations efficiently.

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