Abstract: A method for supplier management is described. The method includes storing metadata related to several executed contracts in a contract library, each contract having one or more deliverables. Further, the method involves normalizing the metadata into a predetermined form. Selecting a deliverable from a contract entered into the contract library, the method identifies one or more deliverables from the contract library that are similar to the selected deliverable. The method then compares the selected deliverable's metadata to the metadata of the identified deliverables and based on the comparison, determines whether the deliverable is likely to be missed. If the deliverable is likely to be missed, the method performs an appropriate action which can include one or more of sending a notification, arranging additional monitoring, modifying benchmarks/thresholds, or suggesting renegotiation of the deliverable. A system for supplier management is also described.