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Contract Management

10 Contract Contributions to Business Agility

When you think about business agility, especially when software and analytics are to be applied, one of the last areas you’d probably think to focus on is contract management.

Purchasing vs Procurement – What’s Really the Difference?

When does purchasing become procurement and when is procurement actually just purchasing?  Are the two terms not simply interchangeable?

We can begin with some standard definitions:

Purchase:  to obtain something by paying for it.

Procurement: the action of obtaining or procuring something.

The Politics of Performance Analysis

The Internet and social media have made it easy to make decisions – right from buying a new device to choosing a restaurant, online reviews can help you decide and choose. But can you really trust online reviews when it comes to choosing your suppliers or evaluating their performance?

Set Your Procurement Process to “Automatic”

How should procurement software be? Complex, with a number tools and functions, or easy to use but with limited functionality? This is the challenge that procurement technology developers face today - designing procurement software that’s powerful and effective, as well as easy-to-use and intuitive.

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