Commitment Matters

If you are a professional in Contract & Commercial Management, committed to achieving the best possible outcomes from negotiations with all your trading relationships, then ‘Commitment Matters’ is the perfect source of regular articles and posts dedicated to helping you achieve that goal.

Why do we have contracts?

Posted by Tim Cummins

Aug 16, 2017 3:08:51 PM

Contracts – there are millions of them and they cost a lot to produce. They have been around for thousands of years. So you might think that their purpose is clear and universally understood.

Read More

Topics: contract /commercial management, organization & people, contract management

Supplier Relationship Management – a long way to go

Posted by Tim Cummins

Aug 6, 2017 2:16:00 PM

In the world of sales, the value of relationships is well understood. A key business goal is to generate repeat customers, to establish a sense of trust and loyalty. This is because, in general, the cost of servicing a repeat customer is lower than the cost of finding and closing new business. Sometimes, it is also true that loyal customers are willing to pay higher prices – or, in the case of less scrupulous suppliers, can be taken advantage of because they are less likely to price shop.

Read More

Topics: contracting excellence, supply chain management, contract management

Shock news: Procurement doesn’t add value!

Posted by Tim Cummins

Jul 19, 2017 1:52:31 PM

In a press release published in Supply Management, we learn that ‘a majority of Procurement models are failing to add value’. According to a study by Ayming, a business performance consulting company, less than 20% of executives feel that “their organization has driven significant value from procurement in recent years”.

Read More

Topics: procurement, contract management

Why contracts fail

Posted by Tim Cummins

Jul 19, 2017 1:49:02 PM

In the past, relatively high failure rates were an accepted part of any production activity. The quality movement successfully challenged this acceptance and, at least in manufacturing, drove performance to new heights.

Read More

Topics: organization & people, contract management

Why Contract Management and Digital are incompatible

Posted by Tim Cummins

Jun 22, 2017 7:46:05 AM

Making sense of digital requires first an appreciation of its different forms – digitization, digitalization and digital transformation. Bertrand Maltaverne[1] recently wrote an excellent article on this topic and made the following definitions:

Read More

Topics: technology, contract management

Opportunism in contracts

Posted by Tim Cummins

Jun 19, 2017 3:27:05 AM

A major reason for contracts – and why they are often so complicated to agree – is fear of the other side. In part, this is fear of what they won’t do. For example, will they deliver what they promise and will it be on time?

Read More

Topics: contracting excellence, organization & people, contract management

Tackling hidden costs through improved contract management

Posted by Tim Cummins

Jun 7, 2017 6:54:41 AM

One of the biggest problems with contract management is imprecision in its definition. What exactly is its purpose; where does it begin and end; who is responsible for its overall performance?  

Read More

Topics: organization & people, contract management

Where is the growth?

Posted by Tim Cummins

May 24, 2017 3:56:46 AM

The Financial Times recently published an analysis of Europe’s fastest growing companies during the period 2012 – 2015. Perhaps the most interesting point is the industry segmentation of the list and the extent to which it reflects issues of market competition, disruption and opportunity.

Read More

Topics: contracting excellence, performance management, organization & people, contract management

Developing future leaders

Posted by Tim Cummins

May 24, 2017 3:44:19 AM

Much is written about the importance of developing leaders and last week, at IACCM’s European conference, the concept was turned into action.

Read More

Topics: contracting excellence, organization & people, contract management

Do you negotiate words or principles?

Posted by Tim Cummins

May 10, 2017 6:28:28 AM

New technologies provide us with the ability to discover things we never knew. This promises to be especially valuable in the world of contracts and negotiations.

Read More

Topics: negotiation, technology, contracting excellence, contract management

About the Author


iaccm-team-tin-cummins


Tim Cummins

In his role as CEO of IACCM, Tim works with leading corporations, public and academic bodies, supporting executive awareness and understanding of the role that procurement, contracting and relationship management increasingly play in 21st century business performance and public policy.
 

Does Commitment Matter To You?

Commitment Matters is the personal blog of Tim Cummins, the Founder and CEO of IACCM. If you are a committed contracting professional and want to develop your skills and network, take a look at what IACCM has to offer.
Compare Membership Types & Pricing