Procedures and Elements in Commercial Management of Orders and Contracts

This Skill Bit shows that Commercial management of orders and contracts is a process that ensures effective oversight, execution, and administration of contractual agreements between an organization and its suppliers or contractors. It optimizes value, mitigates risks, and maintains compliance throughout the contract lifecycle.

Duration approx. 3 Min.

Tier: proficiency

A part of Building an Effective Procurement Management Plan course.