Reshaping the Way You Work

Dock 365 is committed to providing you with tools and information you can use to take your business to the next level. At Dock 365, we believe that success and knowledge go hand in hand. Our goal is to ensure that all companies have access to information they can use to be more efficient and effective. Make sure to follow and subscribe to our blog for insights into the latest business solutions, trends, and practices.

The Relationship Between Procurement and Contract Management Software

Procurement plays a foundational role within any organization, as it serves in the process of sourcing goods and services. When a company purchases a product or service, the purchase undergoes a procurement procedure. While “procurement” mainly refers to the purchase itself, the overall procurement process is what ensures compliance and product/service quality through specialized management. A procurement management strategy with a base in contract management is conducive to an efficient procurement process, and this is because businesses are required to use contracts to maintain internal and external accountability.

7 Procurement Questions To Ask Before Buying Contract Management Software

Chief Procurement Officers (CPOs) are oftentimes bombarded with numerous tasks to fulfill on a daily basis, and the every-changing nature of the procurement process only makes their job that much more demanding. Today, several software solutions exist to support CPOs in completing daily procurement activities, and contract management software is one such solution. But before making any initial investments into a contracting platform, CPOs should gain a clear understanding into some key aspects of contract management software.

A Guide To Contract Management in Procurement

Contract management plays a key role in every procurement cycle. Contracts serve as a determining factor in terms of how business relationships will function between suppliers, vendors, and other partners. It’s necessary for any company to have and optimized, well-planned, and effective approach to contract management in procurement.

Don't Get Left Behind!
Subscribe to Dock 365 Blogs!
Stay up to date with the latest business tips and trends.