Tracking Obligations in Supply Chain Contracts
A post on the website of Bryan Cave Leighton Paisner discusses a key component of contract obligation management – increasing obligation tracking and traceability.
“Conducting that evaluation of your existing contracts will allow you to identify risks and opportunities for negotiation of new contracts and allow you to better marry any potential technical obligation management tools to your contract environment, potentially turning in-house teams from SG&A on the income statement into their own profit center,” according to the post.
The article discusses reporting and recordkeeping, along with information, auditing, in detail.
