Hot Off the Press Research: Optimal Prioritization in Contract Management

spend compliance

Brand new research is now available from the Spend Matters team! Contract Management: Understand How to Focus on the Right Thingby Pierre Mitchell, chief research officer at Spend Matters, takes a look at Apple's supplier contracts to highlight what are the best aspects of the contract to hone in on.

An excerpt: "Companies need to understand what the real risks are in contracting. By and large, we see a huge lack of understanding of the true risks in this area. Procurement organizations seek to “drive good performance” with the contracts, but many don’t even take the time to define what that means! And given that their budgets (and the budgets of legal departments) are stretched, it’s understandable. Companies need to be more efficient AND effective in identifying and mitigating commercial risk."

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