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What Is Vendor Contract Management And Why Is It Important?

Obobo

VCM helps businesses build and maintain strong relationships with vendors, reduce costs, and avoid potential legal disputes. By managing relationships with vendors, businesses can reduce costs, optimize performance, and maintain their reputation.

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What Is Contract Management Lifecycle And Why Is It Important?

Obobo

In each stage of the contract management lifecycle, there are numerous tasks, controls, and best practices that organizations need to follow for effective management of their contracts. Contract management ensures the compliance of contracts with all applicable laws and regulations.