Contract Management

Monday we defined a basic strategic sourcing process, indicated there were five critical process driven phases that can be greatly enhanced by software solutions, and indicated that we would spend one day discussing each of these technologies this week.  Monday we discussed spend management and spend analysis, Tuesday we discussed RFX, Wednesday we discussed auctions, […]

Contract Management

The Wikipedia definition is the management of contracts made with customers, vendors, partners or employees and the process of systematically and efficiently managing contract creation, execution, and analysis for the purpose of maximizing financial and operational performance and minimizing risk. In a wiki-paper on the e-Sourcing Wiki*, I differentiated between basic and enterprise contract management, […]

Source-to-Pay+ is Extensive (P24) … Time for More Contract “Management”, but it’s a NAG. Let’s end with Governance!

In Part 21 we noted that after Supplier Management came Contract Management because the only way to lock in the opportunity was to get a contract signed on the bottom line. However, like Supplier Management, Contract Management isn’t consistent across vendors because each has a different idea on what Contract Management actually is … and […]

Source-to-Pay+ is Extensive (P23) … Time for More Contract “Management”, but it’s a NAG. Let’s continue with Analytics!

In Part 21 we noted that after Supplier Management came Contract Management because the only way to lock in the opportunity was to get a contract signed on the bottom line. However, like Supplier Management, Contract Management isn’t consistent across vendors because each has a different idea on what Contract Management actually is … and […]