Contract Lifecycle Management (CLM) involves all processes for the end-to-end management of activities related to contract creation and modification, execution, and management. The contract lifecycle is a seven-stage process: Contract initiation: The process begins with a request for a new contract or a review of an existing one. Contract creation & authoring: It refers to… Continue reading What is Contract Lifecycle Management?
Contract Management is a critical step in procurement as it’s the contract that defines your relationship with your suppliers, vendors or service providers. Effective Contract Management in procurement helps to ensure suppliers and buyers adhere to their agreed contractual obligations and it allows for negotiating any future changes that need to take place. Contract Management… Continue reading How do you manage contracts in procurement?
Contract Management is an important part of any organization’s sourcing and procurement process. Here are some Contract Management best practices that can help increase the efficiency of sourcing and procurement functions, minimize expenses and improve the company’s performance: Prioritizing supplier management and service-level-agreements: Procurement Contract Management software can provide end-to-end visibility by allowing contract data… Continue reading What are the Contract Management best practices in sourcing and procurement? What is the advantage of having a digital Contract Management process?
Contract Management software provides several features and advantages that can assist in tracking and managing the complete contract lifecycle, starting from contract initiation to post-execution compliance tracking. Some of the essential features that must be present in Contract Management software are: A centralized repository of contract documents and important information with advanced search functionality. Ability… Continue reading What are the most important Contract Management Software features?
Contract repository software is a centralized location for the storage of contracts. The following are the major features that should be present in contract repository software: A hierarchical access control feature that ensures only the people with the appropriate set of permissions can access critical contract data from the repository. Integration adaptors that link cloud… Continue reading What are the key features of Contract Repository Software?
Vetri celebrated three years as CEO of MeRLIN Sourcing in June 2023. His vision spearheaded the transformation of the company internally through modernization and HR transformation and externally with the promise of delivering value to customers and putting them at the heart of the MeRLIN Sourcing business and product development strategy.
Vetri built his career in global software businesses over the last decades. Seasoned professional with a global perspective, spanning the Americas, Europe, and Asia, and a diverse industry background across EPC, Defense, manufacturing, automotive, and life sciences industries.
A firm believer in the principles of doing well by doing good, he won his two awards as the IT Executive of 2014-2015 and 2016-2017 in Europe. He is a highly regarded global thought leader in the IT and cloud software industries and is an active investor/advisor for emerging companies. He is known as a leader who builds and motivates world class teams, champions diversity, and exudes a deep passion for how technology can transform the workplace and empower individuals.
Dr. Werner Breuers completed his studies in chemistry at the RWTH Aachen University with a doctorate. He began his professional career in 1989 as a chemist at Hoechst AG in Frankfurt in the research and development department.
After managerial positions at Hoechst AG, Dr. Breuers took over management of the license and catalyst business at the polyethylene manufacturer Elenac GmbH in Kehl in 1999, which became part of the Basell group a year later. As a member of Basell’s Executive management team, he headed the global Technology Business division based in Milan and most recently served as President of Basell Polyolefins Europe based in Amsterdam.
Dr. Breuers has also been a member of the Board of Management of LANXESS AG since May 14, 2007 and was responsible for the Performance Polymers and Advanced Intermediates business units. His responsibilities and strategic operations also include the functional areas of Global Procurement & Logistics, Innovation & Technology and Industrial & Environmental Affairs. He has been board of several other companies and has also served as trustee of RWTH Aachen University and currently advising and supportinfg the growth of MeRLIN Sourcing in Europe.
Oliver Scheffert is an experienced entrepreneur with a successful completed doctoral program in business administration and a master’s degree in International Business Studies. He held management positions at Microsoft for nearly 13 years, receiving prestigious awards for exceptional leadership and results like the Circle of Excellence Platinum Award. Notably, Oliver led the ISV business unit in Germany to a billion-dollar revenue stream.
He later served as the General Manager/Managing Director at Aparavi Software Europe GmbH and recently founded CNSLT Partners GmbH, a strategy and management consultancy, leveraging his extensive specialist knowledge to help IT companies achieve lasting success.
