This Week in Procurement

This Week in Procurement: Writing Good Contracts Matters a LOT!

By July 14, 2017 February 23rd, 2020 No Comments

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


2.
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


3.
PROCUREMENT & SERVICE PROVIDER NEWS

Proactis Acquires Perfect Commerce: Something is Fishy (in a Good Way) | Pierre Mitchell and Sydney Lazarus, Spend Matters


4.
@ THE ART OF PROCUREMENT

Podcast: 143: A Procurement Leaders Guide to Spend Analysis (Part 2) w/ David Bush