The Big White Elephant: "Contract Management state of mind and road forward"
Martin Lonstrup, Senior Legal Advisor & Compliance, Maersk Group, USA
I have worked in in-house legal departments as an in-house lawyer for almost 10 years in various industries both on the customer side as well as the supplier side mainly within procurement and was actively involved in kick-starting Contract Management as a discipline in Denmark with the establishment of the Danish Contract Management Association, closely linked to the global organization within the area of Contract and Commercial Management, IACCM. Contract Management has developed significantly over the last 3-5 years and is today a well-known discipline, widely referenced and used by companies and practitioners globally but what is the state of mind for Contract Management, how far have we come in actually implementing Contract Management in organizations? In order to answer that question is it first of all necessary to look into the definition of Contract Management.
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