Everything contract management
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,...
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,...
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5 Must reads
5 Must reads
5 Must reads
Featured contract management news
Featured contract management news
Interesting topics in all categories
Interesting topics in all categories
General Knowledge
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
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
Contract management market insights
From Paper Trails to Paperless Triumphs: The Flourishing Contract Management Market Remember the mountain of contracts, the endless back-and-forth emails, and the frantic searches for that one, crucial clause? The Contract Management market industry is projected to grow from USD 998.01 Million in 2022 to USD 2.94036 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.60% during the forecast period (2022–2030). So, what...
Contract management market insights
From Paper Trails to Paperless Triumphs: The Flourishing Contract Management Market Remember the mountain of contracts, the endless back-and-forth emails, and the frantic searches for that one, crucial clause? The...
AI & Tech
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...
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....
Supply Chain
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...
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...
Risk, Legal & Compliance
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...
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...
Finance
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
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
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
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
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
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...