What are the common challenges and risks of contract value and savings benchmarking?
Contract value and savings benchmarking is a process of comparing the performance and outcomes of contracts with similar or best-in-class contracts in the same or different industries. It can help contract managers identify gaps, opportunities, and risks in their contract portfolio and optimize their contract strategy and execution. However, contract value and savings benchmarking also comes with some common challenges and risks that need to be addressed and mitigated. In this article, we will discuss what these are and how to overcome them.
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Lawrence Kane, COP-GOV, CSP, CSMP, CIAPSIG Sourcing Supernova Hall of Fame Member | Head of Procurement | Bestselling Author of 30 Books | ProcureCon EPIC…
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Ahmed Abdelwahb ???? ?????????Construction Contracts Expert | Specialized in Dispute Avoidance, Resolution, and Capacity Building | Director of…