Discover our contract management solutions
Procurement Services Lifecycle can help you deliver value, control and supplier performance
Posted by Connie Courtnell on Jan 21, 2025
We specialise in transforming contract management into a proactive tool for achieving savings and operational excellence. Our team can help streamline your processes and implement the right contract management solutions tailored to your organisation's needs.
A great deal of effort goes in at the outset to ensure you get maximum value from your contracts. This includes buying the right thing from the right supplier, agreeing the commercials and getting the terms right. However, unless a contract is actively managed, much of that anticipated value quickly erodes.
This is why we've developed Contract Lifecycle, our unique approach to contract management. It's an approach that combines rigorous and active management with our technology platform, OPTIMiSe, to ensure costs and performance remain predictable and change is dealt with effectively.
Six steps to seamless contract management
- Validate: The first step is to pull together and validate all of your contracts, ensuring everyone is working from data that is accurate and verified.
- Analyse: Within OPTIMiSe, we have developed a unique diagnostic tool, the Lifecycle Index™. The Index measures the amount of effort and focus you should spend on each contract based on algorithm of spend, risk and complexity.
- Benchmark: The outputs from the Lifecycle Index™ process act as benchmarks to show the current status, enabling a clear analysis to identify issues and priorities.
- Plan: We work with you to construct effective plans that clearly identify and address the requirements.
- Implement: OPTIMiSe provides the heartbeat for delivering real long-term control, compliance and improved outcomes.
- Measure: The reason we use the Lifecycle Index™ within the Contract Management approach is because it provides a clear means of demonstrating and measuring improved capability, performance and outcomes.
Want to find out more? Get in touch today at joanna.donohue@csltd.org.uk