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NEW! Contract Management – Making the business case for investment
In the first of a three part series, we look at why procurement should be pushing their organisations to invest in contract management, and the principals behind writing a convincing business case.
Effective contract management is essential if organisations are to benefit from good procurement actions and processes. This Spend Matters research paper, supported by BravoSolution, considers why procurement executives should take the lead on contract management on in terms of promoting investment (in people, tools and training) to improve performance in that area.
The Paper considers the logic for procurement taking the lead, describes the potential structure of the business case, and looks at the two key drivers for contract management benefits – risk and opportunity. (The two subsequent papers in this series will be published over the next few months).