Contract and Risk management for Supply Chain Management Professionals
Identify, Minimize and Manage Commercial Risks
As an exploration of model contract terms and conditions, this is a how-to-book, specifically on how to enter into and manage contracts to maximum advantage while minimizing risks. It brings together not only supply chain management theory and practice but other disciplines and skill sets. These include managing and administering contracts, contract negotiation, legal principles, project management approaches, sound scope definition, claim resolution methodologies and other risk management techniques.
This book is appropriate for all practitioners in supply chain management and covers the topic of cradle-to-grave contract management. In order to effectively manage risk, one must first be able to identify commercial risks, as well as the opportunity to avoid, manage or mitigate such risks. In addition, great care and focus needs to be placed on the post execution management of a transaction. All too often a deal is struck and the contract documents are simply filed and forgotten. The failure to identify, minimize and manage commercial risks can be a career altering event. Learn how to avoid and control contract risks.
Some Amazon reviews by our readers
This book is indispensable for the procurement professional or anyone interested in learning more about contracts. It is well written in terms for a person to understand without all the legal jargon.
This book is well written and can tell that these authors are experienced. I would definitely recommend this series of books for anyone who has the desire to understand on a more detailed level.
This book is a great reference for anyone involved in the contract process. I would recommend this book to anyone who is negotiating new contracts, revisiting contracts near expiration, or anyone who is looking to reduce contract risk. I found the model terms and conditions extremely helpful and I know I will continue to revisit this book in the future.
When in doubt, this is the book to read, follow and understand. The author, Paul Humbert wrote a few cases that we can use as reference, in clear precise language that could be used in contract negotiations in any level of business where all parties will be satisfied with the end product. I will always use this book for future reference and proudly display it for friends and visitors to see and say I need one of these.
A must Have!
Truly an outstanding resource guide and a must have for any manager tool kit. It is easy to understand and apply to everyday applications. I do wish this resource was made available to me years ago!
An indispensable reference to a procurement professional or paralegal. The authors not only deliver what is clearly years of experience in drafting contracts, they annotate their model terms to provide insight into key risks and pitfalls and to provide guidance on how to address issues that often come up related to the particular aspect of contracting. This is one book to keep within arm's length of the keyboard.