Contract Management

Increasing confidence and efficiency in the contract negotiation and execution process, by leaning on in-depth analysis, insights and best practices to guide the relationship.

Request Proposal

Overview

Contract negotiations are time-sensitive and often they can fall apart because legal and procurement teams don’t react quickly to customers’ needs, or because they go back and forth redlining and revising MSA and SOW. Oftentimes it is a lack of reliable data that prolongs the negotiation and contract revision process because both parties, buyers and suppliers, are not confident they are getting the best value out of this contractual relationship. Our objective is to remove the guesswork, provide you with timely and accurate data and insights, and advise you through the contract negotiation process in order for both you and your prospect suppliers to land on a mutually beneficial contractual agreement, with confidence and without wasting time. SpendEdge has provided clients with negotiating and contract advisory services for POs, SOWs, and MSAs.

SpendEdge has delivered unwavering contract supporting services to top-tier clients looking to shake up the status quo and review long-standing contract terms that could be outdated and no longer competitive, and as a result capping the value realization opportunities for our clients. Our 16+ years of contract management advisory solutions have provided us with the confidence, expertise, and tools needed to come in and audit your PO, contract terms, contract pricing, and supplier relationship and provide actionable insights on how to maximize value from current engagements or look to replace them with new vendors. Through our research and procurement intelligence capabilities, we can identify optimization opportunities which can lead to a revision of the current contract agreement or the establishment of new contract terms with new vendors. In other words, we can help you throughout the life cycle of procurement requirements, as we have advised and provided intelligence to 200+ clients and 55+ Fortune 500 clients, while maintaining a 90% client retention rate. With SpendEdge’s negotiating and contract services we help you stay competitive and negotiate cost savings.

Benefits of well negotiated and executed contracts are in increased realized value through reducing costs and risks, but not only. Some other benefits are:

  • Strong supplier relationships
  • Reduced supply chain risks
  • Increased cost savings
  • Supply chain efficiencies
  • Increased compliance measures
  • Free up internal resources for more strategic and less operational tasks
  • Create a formula for success which can be repeated and reiterated

SpendEdge engagement models include but are not limited to:

  • One-off single engagements
  • Access to repository of executed contracts for your industry, sector, and category.
  • Negotiating and contract services for various categories/commodities
  • Review of current contract terms and identification of new cost-saving opportunities
  • Contract lifecycle management from initiation to execution, including post-contract execution intelligence services

With procurement experts who specialize in contract management, SpendEdge helps improve contract visibility and supports procurement managers right from the agreement in principle to contract execution and ensures that our clients get the best possible terms during every purchase.

CONTRACT MANAGEMENT

Disruption to supply markets during Covid-19 has impacted many SMBs and large corporations. Our Sourcing and Procurment Intelligence service is assisting clients with Covid-19 Impact Assessment.

Testimonials

I am really satisfied with their level of understanding of what our needs are and how the results are sharply focused on such without wasting time on peripheral subjects.

Fortune 500 Retail Firm

The interim reports are very helpful to track the progress and we are impressed with the way in which the project is moving, as we had discussed on kick-off calls.

Director, Leading Chemicals Company

Thank you, your team and everybody for what I think is a very comprehensive report which has come together here and quite a wealth of information.

Procurement Director, Fortune 500 Industrial Supplies Manufacturer

Case Studies

Contract Management: Driving Better Fiscal Management and Revenue Recognition in the Food and Beverage Industry

Bridging the Gap in Supply and Procurement with an Effective Contract Management System

Improving Contract Management Capabilities of Transport and Logistics Companies

Featured Blog:

Four Best Practices to Follow in Your Contract Management Process

Featured Whitepaper:

A Comprehensive Guide to Contract Management: Challenges, Benefits, Stages, and Best Practices

Featured Blog:

A Comprehensive Framework for Vendor Selection

Featured Press Release:

Supply Market Assessment: Achieving
the Best Contractual Terms for a
Leading Pharma Company

Our Expertise

Category Market Intelligence

Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.

Supply Market Analysis

Enabling companies to achieve procurement maturity, enhanced savings and reduced risks through supply market intelligence.

Low-Cost Country Sourcing/Best Cost Country Sourcing

Empowering you to select the most optimal cost sourcing locations, by understanding prime cost advantages and the associated risks.

Benchmarking

Developing a competitive edge and winning strategy through supplier, price and procurement best practice benchmarking.

Spend Analysis

Optimizing an organization’s spend, by effectively identifying, categorizing, visualizing and evaluating in to order identify savings across the supply chain.

Cost Modeling and Should-Cost Analysis

Obtaining visibility of costs across the value chain to make informed suppliers, pricing, risks and budget-related decisions.

Total Cost of Ownership (TCO) Analysis

Estimating the true cost of doing business, including all direct and indirect costs as the foundation for price negotiations.

Supplier Risk Analysis

Leaning on timely proprietary and secondary market research to evaluate the supplier risk profile in order to mitigate risks.

Supply Chain Risk Assessment

Future-proofing operations and profitability against predictable and unpredictable surprises across the supply chain.

Sustainability Practices Assessment

Transforming businesses and procurement practices with a focus on the triple bottom line value generation: financial, environmental and social.

Commodity Price Forecasting

Activating data-driven procurement planning, assessing pricing-related risks, and supply chain disruptions due to price volatility.

Category Management

Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.

Supplier Negotiations

Positioning sourcing and procurement teams for winning negotiations with current and prospective suppliers.

n

Contract Management

Increasing confidence and efficiency in contract negotiation and execution, through analysis, insights and best practices. 

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars