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Six EAM trends pushing the oil and gas industries forward

IBM Business Partners

The oil and gas industry remains an integral part of the energy landscape, but it faces a number of modern challenges, including volatile market conditions, expanding environmental regulations and the growing need for operational efficiency. It can also significantly increase uptime and lifespan.

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What Is Vendor Contract Management And Why Is It Important?

Obobo

Vendor contract management tracks the performance of all vendors associated with an organization and helps manage their relationships with them better. It centralizes the documentation and records of all vendor contracts in one place, allowing for improved collaboration and compliance.

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What Is Contract Management Lifecycle And Why Is It Important?

Obobo

The Contract Management Lifecycle involves five distinct phases: initiation, creation, execution, compliance, and renewal. The creation phase involves drafting the document, reviewing it, and obtaining approvals. One of the primary reasons is that it helps businesses mitigate legal and financial risks.