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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 Contract Management Lifecycle And Why Is It Important?

Obobo

One of the primary reasons is that it helps businesses mitigate legal and financial risks. Contract management ensures the compliance of contracts with all applicable laws and regulations. Another benefit of contract management is that it helps to minimize conflicts and disputes between parties.

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What Is Vendor Contract Management And Why Is It Important?

Obobo

As businesses depend on various vendors and suppliers to provide parts and services, managing vendor contracts is a crucial aspect of maintaining operational efficiency. Vendor Contract Management is the process of developing, executing, and monitoring contracts between businesses and their vendors.