How much value is hidden in your contracts?
The past year has propelled procurement and supply chain to the forefront of business priorities. Organisations are increasingly looking to procurement to generate value, as well as increase efficiency and resilience. Times are hard for many organisations and procurement, as the cost control centre, is being asked to deliver.
But how can procurement teams know if suppliers are delivering on the terms agreed in contracts? How do you determine if your supplier’s activities line up with what was agreed with the procurement team potentially years in the past?
One way to know for sure is through a comprehensive Commercial Compliance Audit, which will help procurement organisations understand the value they’re achieving from key contracts – or not as the case may be – and help them institute better working practices. Read this Supply Management Insider expert report, produced in partnership with PRGX, to find out more.To download please sign in.