Paul Martyn - Defending Contract Management in 2013 Budgets

Three Reasons What #Procurement Needs Contract Management -- And How to Defend It in your 2013 budget

Budgets for 2013 are under tough scrutiny, and procurement teams are defending how each technology, including contract management systems, impacts the bottom line and overall business strategy. At first glance, someone outside of the sourcing department may think that contract management is only about automation and reducing administrative burden. However, here are three new ways that showcase the versatility and value of contract management in the electronics industry. Addressing the conflict minerals dilemma: Last month’s SEC ruling forces companies to delve deeper into the supply chain -- down to the specific country and facility of origin for what are now officially classified as conflict minerals. Contracts should be a starting point for this, and the biggest asset for requiring this level of disclosure in the future. Exceeding supply diversity quotas: Some of the mos...

Full article: http://www.ebnonline.com/author.asp?section_id=1762&doc_i...