Kudos to IACCM's Tim Cummins for surfacing a great topic in a recent post considering the role of Contracts & Social Networking within companies and amongst their suppliers, customers and partners. Here at Spend Matters, we've periodically investigated the topic of social networking and procurement from time-to-time (including the power of social networks to help manage supply risk, including machine-driven approaches that securely link industry data across peer and competitive companies such as SAP Supplier InfoNet). But arguably, the topic is best addressed on a specific functional --and even modular -- level in the case of different processes such as strategic sourcing, shopping, tactical buying, supplier management, and, of course, contract negotiation and ongoing contract management.
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