Purpose of Commercial Management of Orders and Contracts

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This Skill Bit shows that the purpose of commercial management of orders and contracts is to ensure effective oversight, execution, and administration of agreements between an organization and its suppliers or contractors. It optimizes value, mitigates risks, and maintains compliance for successful project delivery and supplier relationship management.

Duration approx. 3 Min.

Tier: proficiency

A part of Building an Effective Procurement Management Plan course.

Course Content