As professionals in the procurement field, we constantly strive to optimize our processes and ensure the best outcomes for our organizations. However, even the most experienced procurement teams can sometimes fall victim to common pitfalls that can hinder efficiency and effectiveness.[Read more…] about Top 10 Classical Procurement Mistakes
The European Banking Authority’s (EBA) regulations have a significant impact on how companies use contract lifecycle management (CLM) and run their contract management operations. Established in response to the financial crisis of the late 2000s, the aim of the EBA regulations is to improve the stability and resilience of the banking industry, protect consumers and investors, and ensure that the industry operates in a transparent and accountable manner.[Read more…] about Why Contract Management Is Key For EBA Regulations
The business is served best with agnostic process design and roles and responsibilities and software that can really support the fit for purpose solution. As at CATS CM® we have trained thousands of people in the methodology and helped implement in many organizations we see that clm software is a ‘beast’ by itself. We focus on methodology, others will focus on technology.[Read more…] about Methodology And Technology Are Always Complementary In Contract Management
Startups and large corporations need to work together, but that is not easy. Some pointers today for that. And yes, as usual, I will be looking via the contract management view….
Are you currently navigating the tricky waters of managing the relationship between an innovative startup and a big corporation?[Read more…] about 5 Tips For Managing A Relationship Between An Innovative Startup And A Corporation
Try managing 30-year contracts for physical asset creation and maintenance. Working with some amazing energy companies building and maintaining wind farms, I have seen firsthand the challenges that arise.
It’s a complex task that requires careful planning and management to ensure that the assets are created and maintained to the highest standards over the course of the contract. One key to success is establishing clear expectations and standards upfront, to avoid misunderstandings or disagreements later on. Also it is highly relevant to understand that the change control procedure is a vital part of these kind of agreements.[Read more…] about The Long-Term Contract: Continious Collaboration And Communication