TERMINATION FOR MATERIAL BREACH IN SOFTWARE CONTRACTSEXECUTIVE SUMMARY:1. The customer must ensure that the supplier not automatically shut-off software by the use of malicious code, even in the event of a material breach of payment.2. Customers have a valid interest...

A procurement management framework provides strategic advantages and helps ensure technology is best used to achieve business goals. It can literally save you millions.

This article discusses the business advantages of running a disciplined competitive process for technology acquisitions.

An “Introduction to Procurement” sets forth a Project Life Cycle with ten steps including:

1. Forming a cross-functional team (CFT)
2. Investigating the market
3. Formulating business requirements
4. Developing technical requirements
5. Issuing a Request for Proposal (RFP)
6. Negotiating pricing and contract terms
7. Evaluating responses and announcing an award
8. Administering the contract
9. Performing technology refresh
10. Anticipating and responding to end-life conditions.

A Case Study provides a real-life example of how a Procurement Officer led a cross-functional team in addressing requirements and negotiating the deal.

Key Measurements and procedural factors are defined. They include: Touched, Impacted, Not Impacted, Sole Source, Directed Source, Mitigating Circumstances, and Competitive Bid.

“Introduction to Procurement Audit” discusses the seven types of Procurement Risk and the ways in which Key Performance Indicators are used to address audit and controls:

1. Requirements Risk
2. Volume Risk
3. Functional Risk
4. Technical Risk
5. Pricing Risk
6. Contract Risk
7. Disposition Risk

A Risk Control Matrix pinpoints responsibilities for key players including Lines of Business, Supply Chain Management, Legal, Risk Management, and Executive Team in conducting technology acquisitions and mitigating procurement risks.