Contract lifecycle management (CLM) is like building a house. It requires a detailed plan and a seasoned team with a variety of skills. It’s usually completed in phases. But the...
Month: December 2023
Supply chain, logistics, procurement & tech 2024 predictions
Supply chain, logistics, procurement and technology predictions for 2024 from Anders Beck at Universal Robots and Efficio's Louis Carval AI 'will speed pace of robotics and...
Uniform Guidance Methods of Procurement
The procurement standards included in Subpart D, Section 200.317–200.327, of the Uniform Guidance apply to procurement of goods and services directly charged to a federal award; the...
How Open-Minded Contract Managers Excel in Efficiency
Well, as a #contractmanager, it's important to stay open to new ideas and approaches rather than simply relying on the same old methods. There are a few reasons why doing things the...
Seizing the Opportunity for Digitizing Procurement
Multiple developments in supply chain technology are converging to create an unprecedented digital opportunity for procurement professionals. By mastering and combining emerging and...
Procurement Leaders: It’s Time to Keep Shining
Procurement teams have stepped up in a big way over the past few years. C-suite and senior executive leaders have grown to rely on procurement to weigh in on board-level topics — and...
Earnout conflicts show need for clear contract language
Tying some payments to future performance can help close M&A deals but the terms can spur lawsuits if the buyer and seller aren’t on the same page about what they agreed to,...
Eight Keys to Vetting Suppliers for Success
Supply chain disruptions and inefficiencies have been in the spotlight in recent years, especially since the COVID-19 pandemic, often forcing manufacturers to scramble to make changes...
Navigating the Challenges of Managing a Master Vendor Construction Contract
Managing a master vendor construction contract can indeed be more challenging than managing a regular supplier contract due to several factors. I have had the honor of managing a very...
Contract Principles for Small Businesses
Key Contract Management Principles for Small Business Owners While owning a small business comes with the breezy feeling of having control and a flexible work schedule, it also comes...