Originally appeared in Inbound Logistics: July 2020

Organizations historically performed supplier contract audits to monitor and manage contracts and ensure all parties meet their agreed-upon terms. This includes finding past billing errors and recouping funds when overbilling is identified.

Although important, the truth is that contracts can often be opaque, making noncompliance difficult to detect, leading to value leakage.

Read more in Inbound Logistics (page 56)…

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