Topic: Introduction to Procurement
Lessons: 2 video lessons
Total length: 07:49 min
Managing your supplier’s performance throughout the entire contract time is vital. At the very minimum, your company and its suppliers need to work together to realise the value that has been scoped in the contract. Much of the early value of the initial strategic sourcing stage can be quickly lost without good performance management. The Value Model is adapted from work developed by Robert Pease.
1. How to ensure that the potential value created in a contract is realised in contract implementation
2. How to monitor and assess the performance of your suppliers