Gross Misconduct and Negligence in Procurement Contracts: What Buyers Need to Know
Gross Misconduct is a severe breach of duty or unethical behavior that significantly violates the fundamental terms of a contract
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Tag: contract management
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Free and Clear Products in Procurement: How Buyers Avoid Ownership Risk
A buyer may believe that the purchase is complete when the goods are delivered and the invoice is paid. But what if another party still has a legal or financial claim to the product? This can happen if the supplier has used the product as collateral, if a creditor has a lien, if ownership is…
Step 8 Case Study: Contract Management
Introduction In Learn How to Source’s eight‑step framework, Step 8: Contract Management ensures that once a contract is in place, both parties deliver on their promises—and that any necessary changes are handled in a structured, cost‑controlled way. Tactical buyers play a key role monitoring supplier performance, measuring compliance via pre‑defined KPIs, and managing change requests to…
Case Study: Step 7 – Implementing Contracts and Implement new Supply Chain
Context In the Learn How to Source eight‑step framework, Step 7: Implement New Supply Chain follows contract signing to ensure that what was negotiated on paper translates into reliable, repeatable operations. The complexity of implementation can range from a quick ERP price‑update to a multi‑phase roll‑out of a new Facility Management provider or qualifying a novel…