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Procurement Contract Management


Glossary

What is Procurement Contract Management?

Procurement contract management is a strategic process integral to the effective administration of contracts associated with procurement and purchases. This crucial aspect of business involves the legal documentation necessary for establishing work relationships with customers, vendors, or partners. Through meticulous oversight, procurement contract management ensures compliance with negotiated terms and conditions, fostering transparency and accountability in business dealings.

Learn more about Ivalua's Contract Lifecycle Management Solutions.

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