Contract intelligence: this is the information and data found in supplier contracts that every organisation holds, but few truly understand, utilise or exploit.
This paper explains why contracts and contract management are so important to organisations, looking at both the risks and opportunities that are inherent in most supply contracts.
Managing those two aspects to deliver value should sit at the heart of all contract management strategy and activity. Yet so many firms don’t know how many contracts they hold, let alone where they are physically situated or who “owns” them! We’ll discuss why these challenges are so great for so many, despite the fact that these basics are vital before organisations can analyse the contracts in detail to explore the value and risk issues.