Procurement is expected to drive business value through better pricing from vendors and strategic “category management.” Risk is the principal driver for legal departments. These objectives are often at odds and result in category managers focusing on tactical tasks vs. business strategy, which creates an often-adversarial relationship between Procurement and legal. Procurement is creating Contracting Centers of Excellence enabled by Contract Lifecycle Management to regain control. Join this session to learn 5 key strategies Procurement teams can employ when building a Contracting Center of Excellence that will improve Procurement’s relationship with Legal and enable procurement to operate more strategically.  

 

Contributors: Agiloft
Categories: 2023 Spring - Amelia Island, Summit Presentations
SRC Type: Category Management, Sourcing Management