No matter what the type of business and no matter how big or small, almost all of its revenue and spend will be subject to some form of contract. Contracts govern a business’s relationships with its suppliers, customers and staff. Yet each stage of a contract lifecycle, whether being created, renewed, negotiated, executed and managed, is an opportunity for leakage in terms of costs or revenue. This can be through poor management post-execution but also through speed to contract.
Business daily
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