Streamlining contract management: essential Tips for success

In today's fast-paced business environment, effective contract management is essential for success. Centralizing document storage, standardizing contract templates, and utilizing automation tools are just a few...

The difference between project and operational procurement

Project procurement and operational procurement are two distinct aspects of procurement management within an organization. They serve different purposes and involve different processes and considerations: Project...

Use AI to bridge the gap between marketing and procurement for better profitability

It’s no secret that marketers have sometimes viewed procurement teams with suspicion if not outright hostility. Make no mistake, we have seen real progress in recent years but some friction persists....

Do small in-house teams use contract management?

Contracts are often the backbone of an in-house legal department - whether it is procurement, sales, employment or any other myriad types of contracts, they must be requested, drafted, reviewed, negotiated,...

The challenges of using true demand through the supply chain

In this era of digital supply chains and data-driven decisions, one could be forgiven for thinking that the most powerful and useful data a manufacturer of consumer goods could have when constructing forward...

Large scale political impact is on the horizon

Large scale political impact is on the horizon. We have seen it before, we still have it today and in the future it is to be expected as well. To prepare for a large-scale political impact in day-to-day work,...

Sale of goods by a non-owner

How a business may secure its interest at the time, goods are purchased from someone who is a non-owner of the goods? Question - If A is the owner of product X and B is the broker/mercantile agent; who does not...

Streamlining contract management: essential Tips for success

In today's fast-paced business environment, effective contract management is essential for...

The difference between project and operational procurement

Project procurement and operational procurement are two distinct aspects of procurement...

Use AI to bridge the gap between marketing and procurement for better profitability

It’s no secret that marketers have sometimes viewed procurement teams with suspicion if not...

Do small in-house teams use contract management?

Contracts are often the backbone of an in-house legal department - whether it is procurement,...

The challenges of using true demand through the supply chain

In this era of digital supply chains and data-driven decisions, one could be forgiven for...

Large scale political impact is on the horizon

Large scale political impact is on the horizon. We have seen it before, we still have it...

Sale of goods by a non-owner

How a business may secure its interest at the time, goods are purchased from someone who is a non-owner of the goods? Question - If A is the owner of product X and B is the broker/mercantile agent; who does not...

Hi, I am Arjen, passionate about working in contract management every day. Contractmanagement.online shares unbiased knowledge in our domain, empowering everyone to make well-informed decisions.

Our mission is straightforward yet impactful: to optimize contract management procedures, enhancing their efficiency and effectiveness. We would be delighted to publish your article and invite you to share it with us here.
Collectively, we are devoted to improving the realm of contract management, contract by contract.

Featured contract management news

Featured contract management news

Streamlining contract management: essential Tips for success

In today's fast-paced business environment, effective contract management is essential for...

Do small in-house teams use contract management?

Contracts are often the backbone of an in-house legal department - whether it is procurement,...

Large scale political impact is on the horizon

Large scale political impact is on the horizon. We have seen it before, we still have it...

Performance contracts offer a pathway to efficient water management

Water is the lifeblood of a healthy people and planet, yet 2.2 billion people—one out of...

A guide to effective IT contract management

Effective contract management is crucial for organisations seeking to optimise the value from...

Is there a future for classical old school ERP solutions?

Is there a future for classical old school ERP solutions? I wonder…. I see a lot of catch up...

Contract lifecycle management: the soft middle

The prime place in your contracting portfolio where value is lost and gained Many a business case for contracting transformation, CLM technology or contract management cites the considerable amount of value...

Pro-active contract management in an economic downturn

Efficient contract management is an essential part of running any business. This is never more important than during times of economic uncertainty when businesses need to keep a close eye on contract performance,...

Leadership should dive deeper into contract management

The business case is one of the main priorities that come up when I talk to executives about contract management. Especially the financial part of the business case: how much are we going to save? The many...

Increasing Contract Compliance = Reduced Risk

Contract compliance continues to pose a challenge across many businesses, with the threat of supply chain disruption, failure to meet regulatory standards, legal action and reputational damage linked to...

Do small in-house teams use contract management?

Contracts are often the backbone of an in-house legal department - whether it is procurement, sales, employment or any other myriad types of contracts, they must be requested, drafted, reviewed, negotiated,...

A report about contract management by the GSAIG

The General Services Administration’s inspector general has found that the agency’s Federal Acquisition Service does not follow its own policies. Some contractors say they’ve sensed that for a while now. For some...

Smart contracts and automation: unlocking seamless transactions

Organizations are actively searching for new channels to serve their partners and customers more efficiently, and smart contract technology is emerging as a leading tool to enhance business processes through...

Contracts Operate: a whole is better than a half

Sounds silly to write it out, but yes - buyers prefer (and should) to get the whole service. My sons are getting older and now expect compensation for services rendered. As a lifelong member of the services...

Clarity, not florid language, called key to managing risk through contracts

Write what you mean, write it once and don’t write anything that contradicts what you’ve written elsewhere, 26-year contracts veteran Laura Frederick says in a LinkSquares podcast in which she shares advice for...

Large scale political impact is on the horizon

Large scale political impact is on the horizon. We have seen it before, we still have it today and in the future it is to be expected as well. To prepare for a large-scale political impact in day-to-day work,...

Interesting topics in all categories

Interesting topics in all categories

General Knowledge

Contract managers are boringly average

Contract managers are boringly average

Earlier this week I spoke about IT service and its impact on people and their business. Nothing new about this. I must have done it fifty times in the past five years. Usually for IT service managers, business analysts and project managers. But this time it was at a conference for contract managers (the Dutch National Contract Management Conference organized by my good friends at CM Partners NL | Contractmanagement). Translation: IT...

Contract managers are boringly average

Contract managers are boringly average

Earlier this week I spoke about IT service and its impact on people and their business. Nothing new about this. I must have done it fifty times in the past five years. Usually for IT service managers, business...

Contract & Commercial Management

Do small in-house teams use contract management?

Do small in-house teams use contract management?

Contracts are often the backbone of an in-house legal department - whether it is procurement, sales, employment or any other myriad types of contracts, they must be requested, drafted, reviewed, negotiated, executed and managed. At least a portion of this lifecycle sits with the legal department, but increasingly over the past decade the entire contract lifecycle management has become the responsibility of the corporate legal department....

Do small in-house teams use contract management?

Do small in-house teams use contract management?

Contracts are often the backbone of an in-house legal department - whether it is procurement, sales, employment or any other myriad types of contracts, they must be requested, drafted, reviewed, negotiated,...

AI & Tech

Use AI to bridge the gap between marketing and procurement for better profitability

Use AI to bridge the gap between marketing and procurement for better profitability

It’s no secret that marketers have sometimes viewed procurement teams with suspicion if not outright hostility. Make no mistake, we have seen real progress in recent years but some friction persists. Unfortunately, this friction creates a cascade of problems, beginning with the lack of insight into product profitability. Marketers driven by consumer trends and brand promotion often find themselves operating in a vacuum, detached from the...

Supply Chain

Four strategies for enhancing supply chain readiness and resiliency

Four strategies for enhancing supply chain readiness and resiliency

Optimizing supply chain readiness and resilience will remain a top priority for the automotive industry in the coming year, as C-suite executives manage the convergence of political, economic and environmental risks that are negatively impacting production and profits. During the third quarter of 2023, some supply chain managers were cautiously optimistic that disruptions caused by the pandemic were fading into history. Instead, s new set...

Risk, Legal & Compliance

Risk Management: Identifying & Mitigating Risks in Federal Contracts

Risk Management: Identifying & Mitigating Risks in Federal Contracts

Federal contracts present lucrative opportunities, but they are tied to inherent risks like missed renewals and cybersecurity. However, don’t be discouraged as there are many practices and solutions to navigate these challenges. All it takes is diligence, attention to detail, and a streamlined process.  First, you must stay up-to-date with the latest contract risk mitigation strategies to manage continuous disruption, innovation, and...

Finance

Why CFOs should not put cost targets at procurement

Why CFOs should not put cost targets at procurement

The role of a Chief Financial Officer (CFO) is crucial in managing the financial aspects of a company. When setting cost targets, it is important for CFOs to consider the overall impact on the company's performance and not limited to procurement or contract management alone. More often then not I meet procurement or contractmanagement departments that have been given an objective… cut cost. Here are a few reasons why CFOs should not put...

Why CFOs should not put cost targets at procurement

Why CFOs should not put cost targets at procurement

The role of a Chief Financial Officer (CFO) is crucial in managing the financial aspects of a company. When setting cost targets, it is important for CFOs to consider the overall impact on the company's...

Sales

5 Top Contract Management Strategies

5 Top Contract Management Strategies

The pandemic brought a surge in suppliers invoking force majeure clauses in their contracts. Force majeure removes liability for unforeseeable and unavoidable catastrophes that interrupt the expected course of events and prevent participants from fulfilling obligations. Buyers, as well as suppliers, understood that the extreme circumstances surrounding the pandemic warranted it. Today, reestablishing contractual rigor requires deliberate...

5 Top Contract Management Strategies

5 Top Contract Management Strategies

The pandemic brought a surge in suppliers invoking force majeure clauses in their contracts. Force majeure removes liability for unforeseeable and unavoidable catastrophes that interrupt the expected course of...

Procurement

The difference between project and operational procurement

The difference between project and operational procurement

Project procurement and operational procurement are two distinct aspects of procurement management within an organization. They serve different purposes and involve different processes and considerations: Project Procurement Purpose: Project procurement is primarily focused on acquiring goods, services, or works that are specific to a particular project. These items are typically temporary and directly related to the project's scope....

The difference between project and operational procurement

The difference between project and operational procurement

Project procurement and operational procurement are two distinct aspects of procurement management within an organization. They serve different purposes and involve different processes and considerations: Project...