If a supplier fails to meet an SLA stated in their contract, what capability does the CI system enable the procurement team to do?
Answer
Initiate corrective action or trigger penalty clauses based on direct contractual evidence
When a supplier breaches an agreed-upon service standard identified by the intelligence system, procurement can use this direct contractual evidence to enforce consequences, such as triggering penalty clauses.
Related Questions
What core technologies does contract intelligence primarily employ to process contract data?How is Contract Intelligence (CI) typically distinguished from Contract Lifecycle Management (CLM) systems based on function?By reducing time spent on low-value searching, on what tasks can legal professionals focus more time with CI?What specific benefit does Contract Intelligence provide to the sales organization regarding post-signature accuracy?If a supplier fails to meet an SLA stated in their contract, what capability does the CI system enable the procurement team to do?Compliance officers rely on CI technology to track which types of evolving requirements across the contract portfolio?What specialized skill set is required for roles centered on data governance and contract intelligence model training?In the operational perspective described, the human expert focuses intensely on what percentage of work related to novel risk or opportunity?Which of the following is explicitly mentioned as a meaningful data point targeted for extraction by contract intelligence?What is the likely outcome for job titles when Contract Intelligence is introduced, according to the text?