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Manage Contracts (Feb 27 Prepare to Manage a contract (1-34) (the mgt of…
Manage Contracts
Feb 27 Prepare to Manage a contract (1-34)
adv of Manage contract
reduction in internal transaction cost
assistandce in manageng risk
devlopmnt strgic relationship
dvlp of supplier capability
improvement of supplier and purchaser performance
deveopment of supply chain strategy
the mgt of cntrct involves
identifying and managing risks
identifying and involving stakeholders
managing relationship
managing contract stratup
administrering the contract
managing contract performance
negotiating contract variation
managing contract disputes
Behaving ethically
Keeping records
Suppliers performance factors to be considered
Factors for suppliers timely payment
Factors considering Contract RISK
Why Risk Mgt is Imprt
Types of Contct Risk. It is arised by:
unreliable terms and condition
long delivery items
complex equipment
imported items
Minimise contct Risk
Format of Risk Mgt Plan
Monitoring post contract award activities like :check:
correct and timely payment
Risk Mgt
supplier performance measurement
Prepare to manage contract
Acquure thorough understanding of the contract 2. Identify KPIs in consultation with SH 3. Identify risks and prepare risk management plan 4.Prepare a contract mgt strategy
Mar 06 (35-67)Implement a Contract Mgt Strategy
Measure performance against KPIs
DEaling with poor performance
Monitor the risk mgt plan for its effectiveness
Establish cause of non performance
dvlop intervention strategies where performance of the Risk Management Plan is found to be poor
Apply intervention strategies to correct poor performance of the Risk Management Plan
Conform and report cmplinace wit hthe Risk Management Plan
Maintain Contrct Docs
Typical format of Contract Mgt Plan
Mar 13 slide 68-94
Monitor and maintain the performance of contract
text
Complete and review the contract
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