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15 September 2012 · Article

Investing In Contract & Commercial Management

August 30, 2012\r
More and more academics and business leaders are starting to highlight the need for contract management to become a core competency of the organization. With growing complexity and increased interdependency between trading partners, contracting must move from an operational to a strategic capability. The journey is to transition from contract administration (industrial era), to contract management (electronic era) and to achieve 'relational contracting' (global era). We need a discipline that is capable of addressing the difficult balance between compliance and added- value - essentially, tools, systems, skills and relationship models that address risk in a more holistic fashion.\r
Tim Cummins, CEO, IACCM


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