The Industrial Revolution, a period of profound transformation from the late 18thto the early 19th century, was marked by significant technological advancements and the transition from agrarian economies to industrial powerhouses. This era not only revolutionized production processes but also necessitated the evolution of business practices, particularly in contract management. Understanding the scientific underpinnings of contract management during this period provides valuable insights into how it facilitated industrial growth and development.
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Objective-Focused vs. KPI-Driven Contract Management: Understanding the Differences
Contractmanagement is a critical function that ensures agreements between organizationsand their partners, vendors, and customers are executed efficiently and effectively. Contract managers play a vital role in this process, and their approach to managing contracts can significantly impact the outcomes. Two common approaches in contract management are being objective-focused and KPI-driven. Understanding the differences between these approaches can help contract managers choose the best strategy for their organization.
[Read more…] about Objective-Focused vs. KPI-Driven Contract Management: Understanding the DifferencesMethodology And Technology Are Always Complementary In Contract Management
The business is served best with agnostic process design and roles and responsibilities and software that can really support the fit for purpose solution. As at CATS CM® we have trained thousands of people in the methodology and helped implement in many organizations we see that clm software is a ‘beast’ by itself. We focus on methodology, others will focus on technology.
[Read more…] about Methodology And Technology Are Always Complementary In Contract ManagementCOVID lessons on contract management
COVID has completely shaken up the business ecosystem. The market has experienced an unparalleled reduction of demand in certain areas, while in other business areas the demand has exploded. COVID has shown that being dependant on a “just in time economy” might be riskier than many of us thought. Next to that, it has also shown that not understanding your entire supply chain could easily turn into a disastrous situation. Let us take a deep dive into the execution of business strategy in times of uncertainty while still leveraging on all parties in your ecosystem.
[Read more…] about COVID lessons on contract managementBecoming the client of choice
As many know, I am a status quo challenger when it comes to workforce optimisation. Looking at the future of work, I firmly believe that talent will remain a scarce commodity the next few years. This makes it important to do good vendor management. How do you behave towards your suppliers, How do you treat their staff?
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