What aspect of supply chain operations does "contract management" primarily address?

Contract management primarily addresses the critical area of ensuring compliance with contract terms. This involves overseeing the performance of contracts to ensure that both parties meet their obligations as outlined in the agreement. Effective contract management ensures that supplies and services are delivered as specified, and it helps mitigate risks associated with non-compliance, which can lead to delays, disputes, or financial losses.

Moreover, this aspect encompasses monitoring the effectiveness of the contract in achieving its intended outcomes, facilitating communication between stakeholders, and addressing any issues that may arise during the contract's lifecycle. This focus on compliance and performance is essential for maintaining smooth operations within the supply chain and ensuring that all contractual obligations are fulfilled satisfactorily.