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This ensures that the organization is getting the best value for money, without compromising on quality or strategic alignment Informed decision-making : Outsourcing contracts often involve complex and multi-faceted arrangements. Consequently, contract benchmarking is evolving to measure these broader outcomes.
For example, companies usually schedule annual or quarterly compliance audits to examine: Agreement parameters: Clauses, contractual obligations, service level agreements, payment terms, project milestones, deliverables, etc. Supplier audits can also complement third-partycontract performance assessments.
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