Evocurement

Quick question: What is the difference between cost modelling and cost analysis? I guess some of you would say they are similar. But in fact, there is a clear boundary between them. In this post, I will tell you what a real cost model looks like. Cost modelling is often an overlooked procurement skill since it is really hard to master. However, when a robust cost model are successfully developed, it can support strategic and tactical activities in procurement such…

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If you are in business environment or enroll in professional programmes such as MBA or CIPS Diploma, probably you have heard the words such as joint venture, vertical integration and horizontal integration. These are strategies in business management and supply chain management. These terms may closely related but differentiate from each other. Knowing these terms may help you make a strategic plan for your company in the next 5 years, or just helps you to pass the upcoming CIPS exams….

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Supply chain is becoming more and more complicated, some businesses have more than 150,000 suppliers. With such huge supply base, managing the relationship is more important than ever. The first step of successful relationship management is deciding which type of relationship should be applied. Partnership is not an ordinary business relationship. It requires investment from both parties. In this post, we will guide you to decide whether you should form partnership with the suppliers by assessing the drivers and facilitators of…

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Prepare for it right from the very beginning Most legal systems respect the right to engage in and withdraw from contractual relationships of contracting parties. Therefore, regarding contract termination, the express terms agreed by the parties take precedence over implied terms. The implied terms created by statutes and case laws only apply in the absence of express terms. It would be a good choice if you had a termination clause in place. The termination clause should have the following contents:…

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