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Work together on common goals and reduce risks related to waste, the environment or social risks to maximize the value for money of suppliers and contracts, with a focus on developing initiatives and innovations, although contract management and supplier management are linked. Effective vendor management is very difficult in the absence of core contract management disciplines. It would be difficult to discuss strategic partnerships, innovations or joint ventures if you do not understand the details of the supplier contract. You need to understand how the provider works day in and day out. Monitors overall compliance with KPIs and service level agreements. Implementation of improvement plans in case of inerperformance. .