Contract And Supply Management

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US-03492BG
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Description

A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials; transformation of these materials into intermediate and finished products; and distribution of these products to customers. As products flow down the chain, information and money flow up the chain. No product moves without an instruction to do so. (Paul James). Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.


According to the Council of Supply Chain Management Professionals (CSCMP), supply chain management encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management. It also includes the crucial components of coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies. More recently, the loosely coupled, self-organizing network of businesses that cooperate to provide product and service offerings has been called the Extended Enterprise.


Supply chain management must address the following problems:


" Distribution Network Configuration: number, location and network missions of suppliers, production facilities, distribution centers, warehouses, cross-docks and customers.

" Distribution Strategy: questions of operating control (centralized, decentralized or shared); delivery scheme, e.g., direct shipment, pool point shipping, cross docking, DSD (direct store delivery), closed loop shipping; mode of transportation, e.g., motor carrier, including truckload, LTL, parcel; railroad; intermodal transport, including TOFC (trailer on flatcar) and COFC (container on flatcar); ocean freight; airfreight; replenishment strategy (e.g., pull, push or hybrid); and transportation control (e.g., owner-operated, private carrier, common carrier, contract carrier, or 3PL (third party logistics).

" Trade-Offs in Logistical Activities: The above activities must be well coordinated in order to achieve the lowest total logistics cost. Trade-offs may increase the total cost if only one of the activities is optimized. For example, full truckload (FTL) rates are more economical on a cost per pallet basis than less than truckload (LTL) shipments. If, however, a full truckload of a product is ordered to reduce transportation costs, there will be an increase in inventory holding costs which may increase total logistics costs. It is therefore imperative to take a systems approach when planning logistical activities. These trade-offs are key to developing the most efficient and effective Logistics and SCM strategy.

" Information: Integration of processes through the supply chain to share valuable information, including demand signals, forecasts, inventory, transportation, potential collaboration, etc.

" Inventory Management: Quantity and location of inventory, including raw materials, work-in-progress (WIP) and finished goods.

" Cash-Flow: Arranging the payment terms and methodologies for exchanging funds across entities within the supply chain.

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  • Preview Employment Contract with Project Manager of Provider of Supply Chain Logistics
  • Preview Employment Contract with Project Manager of Provider of Supply Chain Logistics
  • Preview Employment Contract with Project Manager of Provider of Supply Chain Logistics
  • Preview Employment Contract with Project Manager of Provider of Supply Chain Logistics
  • Preview Employment Contract with Project Manager of Provider of Supply Chain Logistics
  • Preview Employment Contract with Project Manager of Provider of Supply Chain Logistics

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FAQ

6 Key Strategic Ideas for Improved Supplier Contract ManagementKnow Who's in Charge.Develop a Standard Supplier Evaluation Process.Organize Contracts Effectively.Use Software That Helps You.Support the Supplier Relationship.Handle Auto-Renewal the Right Way.

Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.

Title and security interests.Product Appointment Types. A supply agreement may often include a specification as to how the supplier will supply goods to the purchaser.Product and Price.Forecast.Order and Delivery Process.Product Safety.Defects.Title and Security Interests in the Goods.

Here are the seven essential stages of contract management.Planning stage. Before you can implement a process, it's important to develop a system that will best suit your company's needs and resources.Implementation stage.Pre-contract stage.Handover stage.Contract stage.Pre-renewal stage.Post-contract stage.

CreationInitial requests. The contract management process begins by identifying contracts and pertinent documents to support the contract's purpose.Authoring contracts.Negotiating the contract.Approving the contract.Execution of the contract.Obligation management.Revisions and amendments.Auditing and reporting.More items...

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Contract And Supply Management