Do you when all your contracts expire?
Can you tell if all your suppliers are meeting their commitments to you?
If you don't know exactly how your contracts are performing or when they expire, you're setting yourself up for trouble.
Many organisations let their contracts expire without a new deal in place. Sometimes there's no problem. But, if your incumbent supplier starts getting difficult, major issues can occur.
The best thing to do is make sure your suppliers continue to supply in line with your original contract, and negotiate new contracts before your old ones expire.
Rather than using a mixture of Excel spreadsheets and dispersed data, it might be time to invest in Contract Management solution. e-Three will understand your unique requirements and supply you with the best Contract Management solution to meet your requirements and budget.
Results:
Always have robust contracts with your suppliers, and avoid potential major supply issues.