Category: Contract Management

In this post, I will discuss how to apply supplier performance metrics. Performance is usually measured as part of a service level agreement and KPI’s, even between procurement colleagues there may be some different views on how performance is measured. Measuring Supplier Performance Metrics using KPIs Let’s address KPI’s first ( below are some examples)…

Supplier Relationship Management is used interchangeably with Contract Management. SRM focuses on people and relationships whilst contract management is checking the benefits realised from managing a contract after its awarded. Both of them involves a process of managing contracts during its lifetime to maximise the benefits and minimising poor performance and associated risks with a…

After a tender is complete it is imperative that buyers or procurement professionals acknowledge that we need to conduct a contract lifecycle management process. How to conduct supplier reviews and carry out a contract lifecycle management process. 1.    Aim for Senior management buy-in and speak to budget holders about which suppliers to address a total of …