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.
Who owns Contract Management in the enterprise?
One of the greatest challenges in getting Contract Management as a business discipline widely adopted in the enterprise has been the lack of any onebusiness function stepping up to own the contracting process.
Traditionally, this has been seen in some companies to be a function of the Procurement department, but in recent years the Legal function and dedicated Contract Management departments have emerged as key players as Contract Management is increasingly seen as an enterprise discipline.
