Manage Contract
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Governance & Communication
Governance & Communication covers the tools to manage the supplier relationship and its progress through the supplier management process. They are particularly valuable at the start of the process and during key meetings.
Activities
- Identify major stakeholders
- Assess each of the stakeholders in terms of influence x level of support
- Determine an influencing and communication plan for each stakeholder
- Follow through with the communication plan and update it regularly
- Appoint Relationship Manager
- Recruit Relationship Sponsor
- Agree & Recruit Team Member
- Agree Roles & Responsibilities
Key Meetings
Governance & Communication tools support the meetings that take place throughout the process.
Contract Management
Contract Management is the activity that ensures that the company and supplier are aligned and that contract objectives are achieved.
Activities
- Note any contract changes on contract database
- Establish base reporting information and frequency
- Create basic financial reporting and frequency
Key Meetings
The Company and supplier teams involved in the management of the relationship should hold a kick-off meeting to agree key contract management mechanisms and timings.