PROCUREMENT CONTRACTS MANAGEMENT | TYPES OF PROCUREMENT CONTRACTS

PROCUREMENT CONTRACTS MANAGEMENT
Understanding of contract management is very vital for Procurement Professionals, since it holds the key to successful procurement endeavors, laying out the terms, conditions, and obligations that ensure the parties involved meet their commitment without any ambiguity .
It plays a very important role in the procurement process by ensuring compliances, mitigating risks, and optimizing supplier relationships.
And an effective Procurement contract management, helps organizations to maximize the value of their procurement activities and minimize potential issues.
In this presentation we will try to explain, What is:
Contract
Contract Management
Procurement Contracts
Procurement Contract Management
Elements of a successful & functional Procurement Contract
Stages & Steps of the Contract Management Process
Types of Procurement Contracts

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