I would like to...
Achieve best value from sourcing
Gain visibility and control of spend
Improve Accounts Payable efficiency
Manage spend across multiple locations
Manage tail spend
Minimise supplier risk
As a Buyer
Manage supplier relationships
As a Supplier
Accelerate business processes
Promote products and services to buyers
Access relevant tendering opportunities
ReThink Spend Management
End-to-End solutions that drive greater value and productivity
Streamline operations and achieve best value
Ensure better visibility and control of expenditure
Accounts Payable Automation
Accelerated Payment Facility
Take your initiatives to the next level
Implement and Improve
Content Management Services
Spend Analysis Services
eCommerce solutions that drive increased B2B sales with greater efficiency
The Business Network
Global framework for fast, efficient buyer/seller interaction and commerce
Property and Facilities Management
Pharmaceuticals and Healthcare
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Before beginning your "assessment", let's outline the scope of what is being covered in this area. For the purposes of this exercise, we are defining the contract management process as follows:
The process of storing supplier contracts, utilising contract terms on orders, making payments against contracts, monitoring supplier compliance, and recognising when to renew or re-negotiate contracts.
Registration and storage of contracts.
Making the existence of contracts known to purchasers, so orders are placed against them using the agreed pricing and terms.
For contracts with a payment schedule not related to purchase orders or call-offs: scheduling and execution of payments (e.g. progress payments).
Planning and execution of contract reviews and supplier compliance checks.
Recognition of pending contract expiration with decision to renew, re-negotiate, or cancel.
Search and analysis of contracts as part of the spend analysis process.
Assess how well your organisation is performing
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