02 — Capability · BC-640
Supplier & Contract Management
Know every supplier the business depends on, hold each to the terms it agreed, watch for the risks it carries and keep the contracts that govern the relationship current and findable.
- Vendor Management
- Supplier Relationship Management
- Contract Lifecycle Management
- Third-Party Management
In scope
- Supplier onboarding, qualification and master data
- Contract drafting, negotiation support, execution and renewal
- Supplier performance scorecards and improvement actions
- Supplier risk assessment and ongoing monitoring
Out of scope
- Selecting suppliers through competitive sourcing events (see BC-620)
- Legal opinion on contract terms and dispute litigation (see BC-150)
- Compliance program obligations the supplier must meet on the company's behalf (see BC-140)
Realized by · 3
- SAP S/4HANA · Sourcing and Procurementcore via BC-640.10
- Oracle Fusion Cloud Applications · Procurementstrong via BC-640.10
- Snowflake · Data Sharing and Marketplacecore via BC-640.50
Used in · 3
- Procure-to-Pay · 02 Source & Select Supplier via BC-640.40
- Procure-to-Pay · 03 Contract & Order via BC-640.20
- Procure-to-Pay · 07 Review Supplier & Spend via BC-640.30
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 5
- BC-640.10Supplier Onboarding & Master DataBring a new supplier in once, correctly — verified, classified and set up to transact — and keep that record true for as long as the relationship lasts.
- BC-640.20Contract LifecycleGet agreements drafted, approved, signed and stored so that the organization knows what it has committed to, when each commitment ends and what it is entitled to claim.
- BC-640.30Supplier PerformanceMeasure how each supplier actually delivers against what it promised — on time, in full, to specification — and turn the gaps into agreed corrective actions.
- BC-640.40Supplier RiskSee which suppliers could hurt the business if they failed, were breached or behaved badly, watch those signals continuously and have a plan for the ones that matter most.
- BC-640.50Supplier CollaborationShare forecasts, orders, specifications and changes with suppliers in a form they can act on, so the relationship runs on shared data rather than phone calls.