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| Vendor & Contract Management |
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 Brochure
Selective outsourcing and competition among suppliers leads to better cost profiles but requires a more complex management capability.
Contract milestones and progress need to be monitored and managed, and issues and obstacles to successful completion need to be resolved. Within the spirit of contract collaboration and cooperation there are often divergent forces at work that may hinder smooth and cost effective execution.
When you start reaching for the penalty clauses it's already too late.
Contractual milestones and the related legal instruments need to be effectively managed for everything from software licenses and finance leases to service providers and sub-contractors. The obligations are two-way.
TeamFrame simplifies contracted delivery management because it:
| Provides a simple, shared register of due dates and actions |
| Reminds participants of milestone deadlines and missed targets |
| Tracks issues and causes to improve reporting |
Connecting business rules to daily activity
Through establishing business rules and activities for each vendor, supplier or product agreement, TeamFrame creates a set of activities that is simple to maintain and is scalable across the enterprise.
The relevant people can establish new rules, or alter them as appropriate, others can apply these rules to new agreements as they are implemented.
New contract management can be initiated from templates, and linked to every relevant document so the relevant information is always quickly at hand.
The complex task of translating a sprawling set of agreements between many internal stakeholders and many external providers on different timeframes becomes manageable for all participants, resulting in mutually improved commercial outcomes.
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