Monday 9 December 2013

Contract Management helps you to know “Who, What, Where, When and Why”

Authored by Usama Shahid

For every Procurement Department, Contract Management plays a vital role. After the issuance of Purchase Order, it helps procurement team to accomplish the agreed deliverables mentioned in the Purchase Order. It also acts as a bridge between the Legal and Supply Chain Department to operate as single entity.

Last weekend, we had a wonderful gathering with the bunch of folks from Legal and Supply Chain Departments. They randomly started discussing about connection of Legal Department with Procurement Contracts. They have mentioned some interesting points about the importance of Contract Management to help legal department in Procurement Contracts.