project management

What is contract management, and why is it important?

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What is Contract Management? Contract Management involves creating and maintaining agreements with customers, vendors, partners, and employees. Beyond creating these agreements, management over the long-term includes modifying and gaining approval when necessary, sharing and archiving these contracts, and analyzing performance compared to contractual obligations. Formal contract management helps organizations save time, minimize cost, mitigate risk,

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Process Improvement

Comparison of several continuous process improvement techniques – Part 1 of a series

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Continuous improvement is a philosophy by which organizations continually look for – and invest in – better ways to get their work done. This includes the evolution of their products and services, processes, procedures, workflows, and other aspects of day-to-day operations. The objectives of continuous improvement include: Improving productivity. Removing waste or inefficiencies (such as

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Getting started with a Supplier Performance Scorecard

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What are the benefits of a Supplier Performance Scorecard? Communication between buyers and suppliers is critical to ensuring high-functioning and transparent relationships. A Supplier Performance Scorecard is a convenient tool allowing suppliers and buyers to regularly monitor their relationships. A Supplier Performance Scorecard system: Provides a consistent means to measure and evaluate supplier performance. Documents

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Four Benefits of PMP Certification

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What is PMP® certification? A Project Management Professional (PMP) has earned the most widely recognized and respected project management certification available. Achieving PMP certification brings with it many benefits and advantages.  PMP certification can supercharge your career, regardless of your industry. In addition, it helps organizations find the people best qualified to help them work

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Why Does Digital Transformation Matter?

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Every organization – no matter its industry, size, or offering – must increasingly rely on digital technology to improve efficiency and deliver improved value. Digital transformation is the process and strategy of using this technology to dramatically change how businesses operate and serve customers. Digital transformation balances foundational technologies such as data management and analytics

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Four common continuous process improvement mistakes and how to avoid them

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There’s a set of “most common” mistakes for just about any field you choose, whether one is a novice or expert. The practice of continuous process improvement is no exception.  Errors occur when we: Are unaware of the proper way to handle a task. Develop habits around a less-than-optimal approach. Become lazy and choose the

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Semiconductor 101: What is a Semiconductor and How are they Useful?

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Semiconductors help expand what is possible in the world, electronically.  Our world is literally controlled in many aspects by semiconductors.  From our computers and phones to solar panels, cameras, military devices, and a host of medical equipment, semiconductors are everywhere.  Have you ever wondered what exactly a semiconductor is or how they work?  Semiconductors are

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