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Innovation Accelerating Profitable GrowthContract Managements Effect on the In house Counsel: Impacting Contract Visibility, Analysis and Compliance AnEmptorisWhitePaperEmptoris, Inc. www.emptoris.comSCWP2/11Table
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Review the contract thoroughly to understand all terms and conditions.
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Contract management has a positive effect on improving operational efficiency and reducing risks.
Contract managers or individuals responsible for overseeing contracts are required to file the effect of contract management.
Contract managers can fill out the effect of contract management by documenting the changes in operational efficiency and risk reduction.
The purpose of reporting the effect of contract management is to assess the outcomes of contract management practices and improve future strategies.
Information such as changes in operational efficiency, risk reduction measures taken, and overall impact on the organization must be reported on contract management's effect.
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