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Contract Management Process — Everything You Should Know

Procurement Tactics

Download Free PDF. Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . Improving supplier relationship management through data transparency. . First Name. ENROLL NOW.

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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

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When Covid-19 hit, supply chains across the globe nearly came to a halt. According to Accenture, 94% of Fortune 1000 companies saw supply chain disruptions and 75% had negative or strongly negative impacts on their businesses due to the pandemic. You can download Gartner’s full report here.

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What is Contract Lifecycle Management (CLM)?

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Contract lifecycle management is the management of a company’s end-to-end contracting process with its suppliers, customers and other third parties. This self-service capability allows users to independently create contracts within the boundaries set by the legal team, improving the speed and efficiency of the contract cycle time. .

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The 25 Hottest US Procurement Startups

Procurement Software

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.