CIPS
How much value is hidden in your contracts?

How much value is hidden in your contracts?

The past year has propelled procurement and supply chain to the forefront of business priorities. Organisations are increasingly looking to procurement to generate value, as well as increase efficiency and resilience. Times are hard for many organisations and procurement, as the cost control centre, is being asked to deliver.

But how can procurement teams know if suppliers are delivering on the terms agreed in contracts? How do you determine if your supplier’s activities line up with what was agreed with the procurement team potentially years in the past?

One way to know for sure is through a comprehensive Commercial Compliance Audit, which will help procurement organisations understand the value they’re achieving from key contracts – or not as the case may be – and help them institute better working practices. Read this CIPS Download report, produced in partnership with PRGX, to find out more.

Related Expert Reports

Listening for the silent threat: how CLM transforms risk into opportunity

Listening for the silent threat: how CLM transforms risk into opportunity

Even the most diligent teams can’t see everything when information is dispersed across systems, versions, and departments. That’s why a growing number of organisations are rethinking how they approach contractual risk. Instead of fighting fires one document at a time, they’re turning to Contract Lifecycle Management (CLM), a comprehensive approach that brings every stage of the contract process into one cohesive, visible, and controlled environment.

How to Get Contracting Right in the Age of AI

How to Get Contracting Right in the Age of AI

If you were confident you could make a critical function 37% more efficient, grow revenue by 100 – 200 basis points, or cut procurement spend by 33%, wouldn’t you do it? Research and analysis show that these benefits are absolutely available to enterprises who get contracting right.

Supply Chain Risk Outlook

Supply Chain Risk Outlook

This report combines Verisk Maplecroft’s proprietary Global Risk Data with analysis from a team of experts, to reveal the opportunities and threats facing global supply chains in 2026.

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