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Know the difference between Contract Management and Contract Administration

In business, it is essential for roles to be clearly defined. In addition to enabling better recruitment for each position, this type of clarity ensures that resources ...

Managing Risk Assessment in the Workplace

When conversations turn to workplace risks, the mind tends to conjure scenarios involving trip hazards and dangerous machinery. These are entirely legitimate workplace risks that require stringent ...

The Four Types of Risk Management

In many ways, risk is the cost of doing business. Risk is incurred through every aspect of commercial operation and is most clearly defined within the framework ...
What is Procurement and Contract Management

What is Procurement and Contract Management

Procurement and contract management can either be dealt with as separate parts of your business or as different phases during an entire contract lifecycle if you have ...
What is a vendor risk management program?

What is a vendor risk management program?

As global markets grow more competitive amidst rising digitalization, reliance on strong vendor relationships becomes ever more critical to the success of a business or organization. As ...

The Definitive Guide to Vendor Risk Management

As technology grows and businesses expand globally, many organizations are discovering an increasing need for a vendor risk management program. Supply chains are becoming larger and more ...
Life Cycle Management

Life Cycle Management

Life cycle management (LCM) is a management method that incorporates a holistic approach to improve sustainability and value chain management for businesses and organizations by bringing together ...
The Definitive Guide to Third Party Risk Management

The Definitive Guide to Third Party Risk Management

Once upon a time, Third Party Risk Management was little more than a one-off box-ticking exercise, undertaken before entering into a new commercial relationship. The thoroughness of ...
Contract Management Systems Requirements Checklist

Contract Management Systems Requirements Checklist

Every business is different and uses a wide variety of contract types. Even those organisations operating within the same industry will use variations of systems and processes ...

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