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Contract and Supplier Management
The purpose of contract and supplier management is to:
ensure the contract is successfully executed
provide a formalised system of monitoring supplier performance against the contract requirements
ensure there is clarity of the roles and responsibilities by all parties relating to supplier and contract management
monitor overall compliance by all parties to the terms of the agreement and contract Key Performance Indicators and Service Level Agreements
facilitate the identification and management of relationships with key supplier representatives
potential additional savings due to proactive contract and supplier management including added value performance measures, demand, cost, supply chain, efficiencies and effectiveness management
realisation of estimated savings due to continuous monitoring of spend information
co-ordination of the supply chain and intervention points
provide a focus for development of initiatives/innovation
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