In partnership with APICS, the Association for Operations Management, Protiviti recently conducted a focused and extensive study of procurement contracting and related contract management practices and risks. The conclusion is that a large proportion of organizations need to improve the management of their procurement contract risks and opportunities. The report provides recommendations.
The graph below is showing in which areas Procurement-contract risk management is the most unsatisfactory, 1) from a general perspective and 2) focused on indirect procurement:
You can download the study for free but after registration, here: Procurement Contract Risk Management: An extensive and revealing study of procurement contract management practices, risks and controls