From supplier management to cost reduction to risk mitigation, procurement departments face a variety of challenges - with contracts taking the lead. While contracts are still handled in timeworn ways, a lot can be done with an efficient contract lifecycle management solution.

Host Guru Venkatesan is joined by Robert Waalder, Founder & Owner of Sourcing Champions, a boutique strategy consulting firm focused on global sourcing and procurement. They discuss how efficient contracting can be beneficial for solving various procurement and business challenges and why it is wise for procurement teams to adopt the right solution and use them as a competitive advantage.