How do you monitor expiry dates of your contracts?
Procurement professionals love framework contracts. The ones that last for 36 or 48 or more months. And it is indeed very convenient, you organize a tender once and then you simply manage the contract for years.
But sometimes we got used to established supply chain, regular, recurring deliveries and we forget about expiry dates. Even if suppliers continue to deliver and invoice you, working without a contract is risky for the following obvious reasons: