Contract lifecycle management( CLM) is transforming supply chains around the world, becoming vital for managing increasingly complex supplier networks and contractual obligations.
As supply chains face growing risks, compliance demands and fast-changing market conditions, CLM offers a way to modernise agreement processes by automating contract workflows, enhancing visibility and strengthening supplier relationships. This approach can reduce costly risks, eliminate contract errors and free teams to focus on strategic sourcing and risk mitigation.
Most leading supply chains now leverage CLM solutions. According to research by World Commerce & Contracting, effective contract management can reduce revenue leakage by up to 9 %, improve supplier performance oversight and foster stronger partnerships. These benefits go beyond operational cost savings, helping organisations build resilient, transparent supply chains that adapt better to disruptions.
142 January 2026