3D Procurement Solutions

Contract Lifecycle Management

contract-lifecycle-management

Contracts are an essential component to any business’s commercial relationships. However it is the capability of your business to efficiently manage the lifecycle of a contract in order to maximise financial and operational performance along with minimising risk. The effective management of the contract compliance process will ensure delivery of the value and returns negotiated by your sourcing team.

3D will work with your business to develop contract management lifecycle processes and procedures in support of your procurement and sourcing objectives. The benefits to your business will be:

1. Increased levels of compliance to spend under management

2. Improved effectiveness of ongoing contract negotiation and implementation

3. Decreased use of non preferred suppliers (‘maverick’ buying)

4. Increased delivery and visibility of applicable product pricing, discounts and rebates

5. Reduced financial and operational risk

6. Increased supplier contract performance (KPI delivery)

3D Procurement Solutions