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5 Key Components of Managing Supplier Contracts

5 Key Components of Managing Supplier Contracts

Procuring materials and indirect services involves ever-greater complexities in the global supply chain and risks that can impact profits. Organizations devote significant time and effort to negotiating complex supplier contracts, however; once contracts are in place, often customers assume they’re getting the value that they were promised. Through the forensic audit of a contract and examples of a good audits right clause, the importance and often under-estimated revenue benefits of a contract compliance program will be outlined.

In this webinar, attendees will learn 5 tips for best practices when renegotiating supplier contracts:

1.Get the language right
2.Make sure both parties understand and acknowledge the commercial terms
3.Accountability and responsibility
4.Strong Governance
5.Relationships are important
Recorded Apr 2 2020 32 mins
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Presented by
Vijay Parekh, Senior Director of Delivery, Contract Compliance
Presentation preview: 5 Key Components of Managing Supplier Contracts

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See What You've Been Missing TM
PRGX helps companies spot value in their source-to-pay processes that other sophisticated solutions didn’t get to before. Having identified more than 300 common points of leakage, we help companies reach wider, dig deeper, and act faster to get more value out of their source-to-pay data. We pioneered this industry nearly 50 years ago, and today we help clients in more than 30 countries take back $1.2 billion in annual cash flow. It’s why 75% of top global retailers and a third of the largest companies in the Fortune 500 rely on us. For additional information on PRGX, please visit www.prgx.com.

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  • Title: 5 Key Components of Managing Supplier Contracts
  • Live at: Apr 2 2020 3:00 pm
  • Presented by: Vijay Parekh, Senior Director of Delivery, Contract Compliance
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