Techno World Inc - The Best Technical Encyclopedia Online!

THE TECHNO CLUB [ TECHNOWORLDINC.COM ] => Technical Terms => Topic started by: Taruna on October 14, 2006, 11:06:28 AM



Title: Contract Management
Post by: Taruna on October 14, 2006, 11:06:28 AM
Contract Management is the development and maintenance of client/partner business agreements in a structured manner. A contract management system facilitates coordination, reporting, and monitoring of multiple business processes and partners throughout the supply chain. The strength of contract management tools lies in automation: streamlining the management of each contract through its entire lifecycle, including the stages of planning, negotiation, storage, maintenance, and analysis.