Often, discussions of value in the context of global contract management focuses on reducing expenses—the expenses of sellers in satisfying buyers’ needs and the costs that buyers incur in meeting their needs. However, there are other dimensions to the concept of value. What are some of those other dimensions of value in the context of global contract management? Are those dimensions of value all related to costs, or are there dimensions of value that are not related to cost? Provide one example of dimensions of value that is related to cost, and if there are dimensions of value not related to cost, provide one example not related to cost.
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