Contract Management
In Business
As the world economy recovers from recession, pressure to extract greater value from contracted relationships to avoid unnecessary costs and risks or to deliver customer projects profitably, has placed Contract Management at the centre of business strategy for the world's leading companies.
Types of Contract Management
There are various types and flavors of Contract Management, depending on the contracting process that is being managed. In general, Contract Management can be broken down in to the following contract process-based categories:
- Buy side: managing contracts and relationships with suppliers and vendors
- Sell side: managing contracts and relationships with customers, partners and distributors
- HR contract management: Managing HR related contracts and agreements (both for permanent and non-permanent staff)
- Project based contract management: Managing contract performance and obligations as part of on-going project management.
