Supplier Contract Project Management Template

Method123 has just announced the release of their new Supplier Contract template

Industry leader Method123 has added yet another powerful project management template to their Project Management Kit offering with the introduction of the Supplier Contract template.

Once you’ve chosen one or more suppliers to use for providing the goods and services you need on your project, you’ll need to put the Supplier Contract in place as the next logical step in your project management methodology.  The Supplier Contract, or Supply Contract as it is sometimes called, is your formal agreement with an outside vendor for the delivery of the items you outlined in the Request for Proposal.  It’s a legal agreement between the company and the supplier and used as the yardstick to measure supplier performance against.

Generally, the Supplier Contract contains the following information:

- Supplier performance review and acceptance criteria
- Timeframes for deliveries
- Definition of responsibilities for the supplier and the company
- Pricing and payment terms
- Identification of what deliverables are to be provided
- Any documentation that the supplier must provide
- Any training that the supplier will be providing
- Definition of the invoicing process
- Any additional contact terms and criteria

“Documenting the aspects of the company – supplier relationship is critical,” states Method123 CEO Jason Westland.  “These are not handshake deals – too much is at stake.  Having all of the terms spelled out in a legally binding document is always the best way to go and our project management template will help you do that.  You can be confident moving forward on your project that your business agreements with your suppliers cover everything necessary.”

Method123’s Project Management Kit templates include tips and helps as well as real life examples to make completing these documents a breeze for the Project Manager.  The Supplier Contract template is just as full featured as the company’s other project management template offerings.  It includes all the necessary sections with the regular terms and conditions that are normally included in supplier contracts.  It even has pre-filled in content and tables to save the project manager valuable time.

“Our goal is to make the life of the project manager easier,” says Westland.  “By providing them with easy to use templates like our Supplier Contract template, we’re making some of the painstaking tasks in the project planning process much smoother for the project team.  It’s critical that this information is correctly documented in a legally binding format to ensure proper performance on the project.  You need to be sure that your suppliers will do the job you need them to do and this document will help you do just that.”

Using Method123’s supplier contract template, you’ll be able to easily and quickly create a supply contract that will include everything you need to ensure that your chosen vendor is going to perform the services you need them to perform.  You’ll rest easier at night knowing this critical piece is covered.

For more information on the Supplier Contract and all of Method123’s Project Management Kit templates, please visit their site at Method123.com.

Comments

Post a Comment

Popular posts from this blog

Lean Methodology

The use of lean methodology has grown in the manufacturing sector since it was first implemented after World War II. As time has progressed, this methodology has been refined with the end result of creating more, faster and with less. The type of companies that can best utilize the lean methodology approach is manufacturing, because of the principles involved with it. This is to create a product with as little invested as possible in the deliverable. For a company wishing to use the lean methodology , they must first analyze their process in depth. Once the analysis has been completed in every process, the process of eliminating waste can begin on the process as a whole. Each part of the process has to contribute to the end product. The cutting of waste from each and every step in the production of a deliverable is the core essence of the lean methodology approach. This can be in the material that is added or the number of workers necessary to complete the task. The overall reductio...
Read more

Communications Register

Under what situations should I create a Communications Register for my project ? For small, medium and large projects you should always implement a Communications Register. This register will identify all of the communications events that have taken place for the project and also the communications events that are due to take place in the future. The reason for listing the communications events that are due to take place is that it provides a single place where the project manager can use and control communications to stake holders. For example the register will enable the project manager to view the status of all of the communications to date and determine whether or not the stake holders to the project are being kept in the loop and informed.
Read more

Management Methodologies

The modifying and developing of new management methodologies to fit the needs of industry is an ongoing process. With the use of a computer, this has become a much easier process than before. This has made it very easy to create, customize and import existing methodologies along with managing several of them at once. You can use management methodologies to define new process you have developed or group any set of existing process into a new methodology. There are project management methodology programs that can assist in the documentation of your new methodology so it can be used and shared by those you have approved. You can even customize a methodology for a particular size project with this type of program. The most often use of this type of software program is to use several different management methodologies and modify them to you specific needs. This way you’re working environment and available resources can be made the most of in running your project. Most programs that allow ...
Read more