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Redefining the role of suppliers as facilitators of business objectives lets companies unlock opportunities for collaboration, innovation and success, says Dante Deo.
As companies navigate the complexities of vendor/contract management, the imperative to elevate standards and foster strategic partnerships has never been greater, says Dante Deo.
The fields of technology procurement and outsourcing are more mature in Northern Hemisphere markets, the company notes.
Most contract renewals are focused on the agreement's expiry date, but when it comes to software licence renewals, there are additional triggers to consider, says Dante Deo.
Even though companies may attempt to properly evaluate licence renewals, they often lack an understanding of the licensing model, says Dante Deo.