There has been a surge of interest in contract management in the last two years. Organizations have increasingly recognized its importance in delivering business results and, in many cases, have been driven by concerns raised through their Audit Committee. A range of factors underlie this shift - regulatory compliance, reputational risk, performance management, financial returns. It has resulted in extensive process reengineering and frequent attention to organizational design.
Contracts are the preball Cinderella of the legal profession, doing the grunt work in the shadows of showier legal business. Everything depends on them, but they rarely get the high level attention they deserve. It's time for contracts to have their glass-slipper moment.
Gartner, Inc. touts itself as 'the world's leading information technology research and advisory company.' Accordingly, intellectual property lawyers may want to pay attention to Gartner's claims that the 'escalation of 3D printing capabilities will change retail models and threaten intellectual property.'
One of the questions asked most commonly by contracts and commercial groups is how they should be organized and where they should report. These are not the right questions. The fact they are asked so frequently is in fact an indicator of the real problem - which is lack of clarity over purpose and goals.
APMG and IACCM join forces to deliver professional Contract and Commercial Management training and examinations worldwide
The International Association for Contract & Commercial Management (IACCM) has partnered with APMG to provide two new qualifications in contract and commercial management. The first is 'Fundamentals of Contract and Commercial Management', designed specifically for the non-contracts, general business professional who needs a basic understanding of the contract management lifecycle. The second - 'Contract and Commercial Management Associate Certification' - is for contract management and commercial managers, as well as legal, compliance business and regional heads.
Advancing Women Executives article on IACCM Chair Margaret Smith, Executive Director Contract Management and Transaction Contracting, and Managing Director Operations Legal, Accenture
IACCM is pleased to announce five newly elected members of our IACCM Board of Directors who are about to step into three-year terms beginning January 1, 2015. Our board reflects the diversity of our membership with 9 different nationalities and 7 different industries represented.
IACCM is proud to let it members know what has been happening during the month of November.
A Report by the Supply Chain Management Faculty at the University of Tennessee around Managing Risk in the Global Supply Chain. This paper covers a wide range of risks in the global supply chain and offers practical advice regarding risk mitigation strategies and tactics. This advice is grounded in research that examined how leading supply chain executives identify, prioritize, and mitigate risk in the supply chain. The research team distributed a questionnaire across a wide range of companies, including retailers, manufacturers, and service providers. The researchers tabulated data from the responses of over 150 different supply chain executives. In addition, they completed in-depth, face-to-face interviews with senior executives from six prominent companies. Some findings were surprising. For example, despite recent unprecedented challenges, it appears that many supply chain executives have done very little to formally manage supply chain risk.
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