What is maverick spend and how to reduce it?

Maverick spend is the action of purchasing from suppliers outside pre-established procurement policy. Maverick spend can be defined as off-contract spend or buying from non-preferred suppliers.  Across all types of organizations, there is a wide range...

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Anand Seshadri

Contract Management

10 Challenges Contract Management is facing and how to overcome them

Many CPOs would consider contract management being the basis for continuous supplier management, when combined with strong supplier governance. However, there are 10 key challenges that hinder...

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