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Showing posts with the label contract management. cliches.

What gets measured, gets done

Some really good advice on the article, whose link is below, on managing contracts and relationships with suppliers. http://www.supplymanagement.com/news/2013/making-the-relationship-work Here are some further thoughts: If it is nothing more than an opportunity to use cliches then the following might be as good as a start as one might need: What gets measured gets done .  Set your KPIs that are meaningful to the success of the business ans ensure that they are SMART. I appreciate that this may sound obvious but making sure that you can actually meaningfully measure success is essential; setting a KPI that is not measureable is pointless.  This can also be further explained as " garbage in, garbage out ". It takes two to tango .  The relationship between supplier and buyer is very much a 2 way street; both parties have a vested interest in making the arrangement a success.  Fundamentally, the buyer wants value for money and the  supplier wants repeat business. ...