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Contracting Excellence Magazine - Sep 2008
IACCM's next conference (London, September 22nd - 24th) will focus on balancing risk and opportunity and describe 'the journey to contracting excellence'. It is timely to reproduce the results of the IACCM risk survey, conducted earlier this year, that suggests European firms are falling behind in the important race to establish robust risk management regimes.
In this era of increasing globalization, contracting for outsourced services is no longer a pure procurement or legal effort. The combined processes of due diligence, contract negotiation and governance require contract provisions which define people, process and technology to ensure desired business outcomes are achieved. Paul McDonough
One of the most common questions we face - and something that generates frequent web searches - is to define the role of a contract manager. This article, reproduced from Tim Cummins' blog (http://tcummins.wordpress.com), provides the answer. It sets out the typical range of activities that may be performed within a contracts organization and highlights the level of variation, driven by factors such as reporting line, industry and geography.
In selecting a software solution for its business process challenges, an enterprise is faced with a multitude of choices. Custom applications are designed to conform to the specific business requirements communicated by the client. On the other hand, COTS offerings are superior to custom development in several respects. What is the right answer for your organization? Pat Frye, Imagitek Denise Deverelle Crown, Imagitek
This amusing story from one of our UK members (a training provider) will have a tone familiar to many IACCM members. It proposes a solution from a tailored training program (IACCM can also assist with a series of web-based programs that are similarly directed at improving the contracts and commercial awareness of groups such as Sales or Project Management. Contact email@example.com for details)
A recent study by McKinsey confirms that senior executives are increasingly concerned about the risks facing their supply chains. They also feel that supply chain management is failing to deliver adequately against top strategic goals.