4. Centralise your record keeping
What: A single, amalgamated communication and record-keeping hub.
Why: Creating and maintaining a robust record-keeping system will provide greater visibility across the entire procurement lifecycle. Breaking down your records by procurement stage, contract type, categories and clients lets you easily access all documentation relevant to a particular project in an instant.
How: With a centralised record management system, you can draft, edit, collaborate and publish documents and log them against their procurement records.
Benefits: Keeping detailed, accessible records means team members can view contracts, read correspondence, track obligations and review KPIs in a single, easy-access location.