Improving the Procurement Process: Why You Need Better Contract Management

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Improving the Procurement Process: Why You Need Better Contract Management

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Getting a good price out of your suppliers and developing long-term strategic relationships is important when your business is purchasing goods and services, but what happens next? In this Process Perspectives podcast, Amy Good and Dipan Karumsi, both senior managers within consultancy KPMG's Strategic Sourcing and Procurement practice, argue that after a contract with a supplier is signed, many organizations fail to realize the full benefits. All too often, the carefully negotiated contract - with its preferential terms and conditions - sits neglected in a drawer. Find out how they believe companies can improve contract management.

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