{"id":89821,"date":"2019-05-15T14:20:43","date_gmt":"2019-05-15T12:20:43","guid":{"rendered":"https:\/\/easy-software.com\/e-procurement-and-contract-management-the-yin-and-yang-of-digital-procurement\/"},"modified":"2025-02-19T15:33:03","modified_gmt":"2025-02-19T14:33:03","slug":"e-procurement-and-contract-management","status":"publish","type":"post","link":"https:\/\/easy-software.com\/en\/newsroom\/e-procurement-and-contract-management\/","title":{"rendered":"E-Procurement and Contract Management: The Yin and Yang of Digital Procurement"},"content":{"rendered":"
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Those that save costs when making a purchase create financial leeway in sales. In line with this popular purchasing wisdom, companies have very successfully developed their procurement strategies in recent years. On the one hand, the wisdom \u201csave money in purchasing\u201d refers to negotiating skills in dealing with suppliers. On the other hand, there is an enormous profit potential in the procurement processes themselves, especially in contract management.<\/p>\n\n\n\n

We don\u2019t have to run to the example of a globally operating group to illustrate the growing complexity of the purchasing process. Even small and medium-sized companies often manage several thousand active supplier contracts. If contracts are negotiated at different locations by decentralized procurement teams, companies can quickly lose track of what they are purchasing. In this blog post, we explain how you can use digital contract management to make your procurement processes both efficient and transparent.<\/p>\n\n\n\n

Perfect Timing: Global Megatrends Give Procurement a More Prominent Role<\/h2>\n\n\n\n

Here lies the great opportunity for procurement teams in companies. They should seek to transform themselves from being a cost-saving department to an \u201cenabler\u201d of strategic competitive advantages using new technologies. Given the challenges ahead, there is no time like the present:<\/p>\n\n\n\n