Across industries and in our global economy, procurement contracting has expanded significantly. Procurement officers are tasked with sourcing and managing the acquisition of all goods and services for their company or government department, as well as authorizing and negotiating renewals and terms. This is a tall order with many variables and challenges to consider. So how can procurement officers keep everything straight and what tools can they use to make their job a bit easier? ContractRoom offers the perfect solution for procurement professionals. Below are a few ways that ContractRoom has transformed procurement contracting.
In a previous blog we considered how to deal with a situation where a supplier provides a product that doesn’t meet required standards. Now we look at some ways you can monitor the performance of your suppliers and by doing so make it less likely that you could end up in a such a situation. Here are 6 steps you can incorporate into your plan for managing suppliers.