What role do buyers play in contract management?

Buyers play a crucial role in contract management by being responsible for managing contracts they have created. This involves overseeing the terms and conditions agreed upon with suppliers, ensuring that both parties adhere to their obligations, and regularly reviewing the contract performance against the agreed metrics.

Effective contract management by buyers includes monitoring supplier performance, facilitating communication between involved parties, addressing any issues that arise during the contract term, and implementing any necessary changes or negotiations if the initial terms no longer meet the business needs. By actively managing the contracts, buyers can contribute to achieving procurement objectives, optimizing costs, and fostering positive supplier relationships, which are essential for the long-term success of any procurement strategy.

The other options do not fully capture the responsibilities of buyers in contract management, as they lack the understanding that buyers must engage with and oversee contracts beyond just creation or negotiation.