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Contract management should be considered throughout the entire procurement process, not as an afterthought. As part of this journey, key steps include procurement planning, conducting needs analysis, and assessing the market and supplier side while balancing our demands. After these stages, we move into the implementation phase, also known as delivery, which involves executing the procurement effectively. The current focus is on contract formation and management, emphasizing that understanding and integrating contract management is crucial right from the beginning to ensure a successful procurement outcome.