Today’s must read comes from AOP alumni and NC State’s Supply Chain Resource Cooperative Executive Director, Rob Handfield.
Rob shares that he is observing an increase in both procurement and legal executives who are concerned with the state of their contract management processes. It is something that I am hearing too, particularly when it comes to risk management and mitigation.
In his article, Rob shares a set of 15 simple rules to follow when preparing an SOW or contract.
Here is one of the rules that stood out to me as something critical, but often missed – or it is only considered in case of upside, rather than downside (and I have been burned by that before).
- Anticipate changes in needs or circumstances and decide how these will be addressed.
They provide a handy reference guide – it is definitely one to bookmark!
Writing Good Contracts Matters a LOT! | Rob Handfield, NCSU
OTHER INTERESTING ARTICLES
How the Qatar Crisis Shook Up the World’s Supply of Helium | Sarah Zhang, The Atlantic
Times are a Changing | Greg Tennyson, VSP Global
Could ‘microconsulting’ disrupt government contracting? | Steve Kelman, FCW
Digital Procurement: Unintended Consequences Can Be Golden Opportunities | Rebecca Karp, Sourcing Synergies
Bad RFPs Are Bad: Part 3 | Ken Gaul, Strategic Sourceror
PROCUREMENT & SERVICE PROVIDER NEWS
Proactis Acquires Perfect Commerce: Something is Fishy (in a Good Way) | Pierre Mitchell and Sydney Lazarus, Spend Matters
@ THE ART OF PROCUREMENT