https://cporising.com/2014/05/27/skills-for-the-modern-procurement-pro-contract-management/?utm_source=rss&utm_medium=rss&utm_campaign=skills-for-the-modern-procurement-pro-contract-management Analyst-led research and intelligence for the procurement community. Sat, 13 Jul 2024 01:08:30 +0000 hourly 1 https://cporising.com/2014/05/27/skills-for-the-modern-procurement-pro-contract-management/comment-page-1/#comment-466 Sat, 06 Feb 2016 10:59:53 +0000 https://cporising.com/?p=13543#comment-466 […] Contract Management consists of specific steps that address the development, approval, and execution of contracts, and lays the foundation for successful supplier relationship management. In the source-to-settle cycle, contract management is a key component in ensuring that the benefits (e.g., lower prices) of a sourcing event are actually realized throughout the life of the contract. Mastering each sub-process in the greater contract management cycle, and demonstrating your value to your team or future team will serve you well in your career. But like many other competencies, procurement teams were rated just average by CPOs, leaving lots of room for improvement. Like most things, practice makes better, especially with something as nuanced as contract management. Professional development courses can help you get foundational contract management skills, but nothing beats putting your time in and learning by doing. […]

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