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MARKET ENGAGEMENT AND
CONTRACT MANAGEMENT
August Consulting helps organisations to develop targeted sourcing and procurement strategies to deliver sustainable cost reductions.
Market engagement provides an opportunity to:
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Review current performance and requirements (internal and external)
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Investigate industry trends and gather market intelligence
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Ensure a competitive position in the market
This activity connects data collection and spend analysis, market research, supplier negotiations and contract management to deliver on strategic objectives.
CONTRACT MANAGEMENT
Working with clients to ensure comprehensive contract management that ensures the organisation's contracts are proactively managed, risks are mitigated, supplier performance is optimised, and commercial value is maximised throughout the lifecycle of each agreement.
APPROACH
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Definition of scope and stakeholder engagement
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Definition of procurement market approach, planning and strategy
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Preparation and issuance of market engagement documents
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Manage market engagement activity
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Preparation of evaluations, negotiations and recommendations in collaboration with the client
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Contract award
DELIVERABLES
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Procurement sourcing strategy with objectives and benefits forecast
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Go-to-market approach
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Evaluation and negotiation plans
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Supplier response scenario modelling and recommendations
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Contract documents ready for execution
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Clear procurement outcomes and benefits with ability to measure ongoing performance
CONTRACT MANAGEMENT
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Contract management frameworks, including roles and responsibilities
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Contract coverage, optimisation and value enablement
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Contract management system requirements and improvement strategies
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Contract management reporting including performance management
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Compliance, risk and governance frameworks
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