Contract management services are the management of purchasing and supply contracts by external consultancy companies. So what criteria do you use to select your contract management solution?
Contracts are core to managing your suppliers and it is imperative that contract management is undertaken in a consistent, logical and fair manner. To ensure this you need to produce a considerably amount of management information and monitor:
The aim of your contract management services will be to ensure:
To ensure this your contract management services company will need to provide:
To ensure that you get the contract management services that you require, whether they be entirely system only or part system and part consultancy, you will need to first define the level and scope of your requirements with respect to:
Once you have this information you are able to review each of your options and make an informed choice, much in the way that you would choose any vendor.