Procurement teams have stepped up in a big way over the past few years. C-suite and senior executive leaders have grown to rely on procurement to weigh in on board-level topics — and...
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Procurement
Redefining Contract Management: Beyond Monetary Metrics
One of my personal observations when I talk to people in #sales and #procurement is their almost maniacal approach on the monetary aspect of the deal. As if size matters :). Old...
Mastering Contract Negotiation in Procurement
Picture this: You’re standing on the precipice of a multi-million dollar deal that could skyrocket your company’s success and elevate your career to new heights. The only thing...
Six contract terms that will bolster supply chain security
Why supply chain security is important? Supply chain security has never been more important to protect the flow of goods and resources. With supply chains more interconnected, and...
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...
ESG in Procurement and Contracts
The growing importance of Environment, Safety and Governance (ESG) in future is compelling to implement ESG in procurement practices. However, it can a bit challenging to determine...
Vendor and Contract Management are critical for every organization
Whether it’s the data breach of your major hardware vendor, the data leak that involves hundreds or thousands of your vendors, or, more simply, you don’t have confidence in your vendor data and think you may…
Business leaders fearing economic slowdown
Contracts are the foundation of all commerce. They define the terms, obligations, and structure for all relationships between companies and their suppliers, partners, customers, and...
A comprehensive guide for businesses
Mastering contract management is an essential aspect of running a successful business. It involves the entire process of creating, executing, and monitoring contracts between parties...