Day: November 19, 2021

Top 5 Clauses Procurement Professionals Should Watch Out For in Contract Negotiations

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When working in the procurement field, a procurement contract is something that is, obviously, unavoidable. A procurement contract (sometimes called a purchase contract) is a document that establishes a legally binding relationship between buyers and sellers. Procurement is an important element of any company, and their overarching corporate strategy. A contract review checklist and subsequent …

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The 3 basic frameworks every procurement professional should be using

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There are certain tools and frameworks that every procurement professional should be aware of and using from day one of a new role or assignment. The following 3 frameworks should be used when you are trying to understand the overall category dynamics, how to approach a negotiation, how to segment your suppliers and how to …

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