Insights into Contract Health Checks, SWOT Analysis, Performance Management, and Process Improvement Principles

This Skill Bit talks about regular contract health checks and SWOT analyses, which assess performance, identify internal strengths/weaknesses and external opportunities/threats. This ensures contracts remain aligned with goals and contribute to organizational success. Contract performance management is a continuous process. Regular reviews, open communication channels, adaptability, and learning from experience are key for contract managers to improve performance and ensure long-term value. Applying supply chain principles like visibility, collaboration, lean practices, agility, continuous improvement, and process optimization can enhance efficiency, collaboration, and overall effectiveness in contract management.

Duration approx. 6 Min.

Tier: advanced

A part of Contract Management Best Practices: A Complete Onboarding Program to Skills, Roles and Responsibilities for Professionals course.