Monday, November 23, 2015

Contract management is not a subset of Procurement

Tim Cummins a leading expert on Contract management and founder of the IACCM makes a solid case in his recent blog that Contract Management is not a sub set of Procurement.

Personally, having worked and been in the leadership roles in various disciplines/functions of major corporations over a 35 years period,  I  agree with Tim's observation. I would go one step further. In any business revenue/value is generated or benefits accrue when goods or services are are transferred from one party to the other, typically between a seller and a buyer. Without this function business does not earn value. I have come to think this terms of a paradigm shift. Operations, Engineering, procurement, sales and other such functions are enablers to cause the "contract to happen and successfully execute it.  

Think about.


Check out Tim's blog at: