The foundation required to establish a world-class Procurement organization centers around contracting and contracting management. It is important to be centralized and utilize pre-approved contract templates to increase efficiency. A contracts management tool is also a critical part of this centralization initiative and provides global visibility to supplier relationships. Implementation of such a tool enables a corporation to leverage spend, achieve a global basis for contracting, reduce both cycle time and conflicting terms and conditions and support the category/commodity council strategy.
Topics in this session included:
- How to strengthen the relationship between contracting and strategic sourcing
- How technology can help you achieve an efficient centralized management system
- How to realize the full impact/benefits of enabling a global centralized process
Categories: 2014 Fall - Denver, Summit Presentations
SRC Type: Contract Management, Sourcing Management, Stakeholder Engagement