The Point
Buyers Meeting Point attends many sales AND procurement webinars/webcasts. One of the interesting things about consistently reading content from quality sources is that you start to notice trends. It is amazing how often the same topics arise at the same time in different places. We use this blog as a way to help you stay on top of the major themes in procurement and supply chain management.
Blog Pick of the Week: Contracts and Anniversaries Featured
As I look at my weekend ahead, and the one behind, my family has 3 significant wedding anniversaries being celebrated. Brace yourself - 29 years, 50 years and wait for it.... 68 years. Incredible!! Those couples entered into a contract all those years ago and clearly had an evergreen clause to keep renewing year after year. I know it was not without work and making adjustments as needed. Quite similar to what is required with suppliers that you would work with as a procurement professional.
The Thrilling World of Contract Management
Everyone has a story of a partnership or business relationship that changed over time and eventually dissolved. That is the nature of things. What is difficult is when that was not solidified from the beginning with a contract of some kind to protect both parties and the continuity of the business and the clients. No one likes that type of drama or thrill added to their workday!
Force Majeure, Hardship, Impossibility, Hell or High Water, Act of God or all of the above?
Last week I attended an excellent supply chain risk management webinar sponsored by the Next Level Purchasing Association and featuring a global supply chain manager from a Fortune 500 company. The event followed the story of this particular corporate supply chain through the 2010 tsunami in Japan (you can click here for my notes).
One of the lessons this particular company learned was about finding the right place for addressing the human side of a very complicated business issue. I was impressed with the efforts they had made, particularly for such a large company. A thought started to form in my mind: what contract clauses were put aside in order to have an appropriate response to the devastation while not creating serious business continuity issues?
Book Review: The Contract Negotiation Handbook
I spent the last couple of weeks reading The Contract Negotiation Handbook by Stephen R. Guth Esq., and despite how it may initially sound, I came away with one critical realization: I am a pop tart.
Webinar Notes: UC of Irvine Contract Negotiation Webinar
This week, BMP attended a webinar hosted by the University of California at Irvine's Expension School. The webinar was titled "Proposal, Preparation, Acquisition and Negotiation" and the archived recording can be found HERE.