Managing contracts can be challenging for legal, procurement, and contract management professionals, especially when primarily relying on outdated processes. Managing the contract lifecycle from requests to renewals can prove challenging with spreadsheets, emails, filing cabinets, and other disparate tools and systems. Without accountability, visibility, a clearly defined process, and actionable insights, organizations can find themselves running into compliance issues, not realizing contract value, and encountering other setbacks.
Organizations utilizing manual sourcing methods - such as gathering item prices in spreadsheets, corresponding with prospective bidders individually via email, and collecting numerous data separately from prospective suppliers - can face a time-consuming challenge to the sourcing of the most cost-effective and quality items. Without the proper tools, sourcing professionals cannot determine formal bids, RFPs, budget allowances, stock levels, current contracts, and contingencies in purchase order releases. Thankfully, sourcing professionals can utilize the following tools for seamless vendor management and requests to generate long-term sourcing success.
Due to the COVID-19 global pandemic, and in consideration of the health of CobbleStone clients, partners, and employees, CobbleStone’s user conference will transition to a virtual, fully-digital two-day event.
NIGP (The Institute for Public Procurement) will be hosting its annual forum virtually August 24th – 28th, 2020. CobbleStone will be exhibiting its leading-edge government contract management, sourcing, bid management, and procurement software in NIGP’s virtual exhibit hall. CobbleStone’s software experts will answer questions from attendees and demonstrate how contract management software can help solve government purchasing challenges. NIGP’s celebratory 75th Annual Forum will feature procurement-focused sessions, a virtual exhibit hall, breakout sessions, networking opportunities, inspirational keynote speakers, a virtual happy hour, and other engagements.