source The establishment of a stable supply chain is crucial for successful procurement efforts. However, many companies have difficulties getting there because of various extrinsic and intrinsic factors. Contracts play an essential role in the framework of a company’s procurement activities, which is why the proper management of contracts is essential in enhancing the performance of supply chains. Here are some of the practices to help get there: Contract Management Software A common thread that runs through all the best practices mentioned is the use of the best contract management software. Locating flexible, smart, efficient software and handling document management requirements to ensure a smooth supply chain may be difficult,…