True contract management is an end-to-end process comprising four phases: function establishment, framework development, contract administration (incorporating the use of contract management tools) and planned auditing (to refresh contracts and ensure risk management). Efficient contract management is a true business optimisation technique.
Experience has shown that contract management has been an area of business which had largely been managed through ad hoc interventions and in an unstructured and sub-optimal manner
Deloitte can help you with legal and contractual framework for supply chain management
Deloitte helps client with realisation of cost efficiencies and effective contract risk management