Richard Crane, SVP Commodity Management at Royal Philips and Head of Procurement at Philips North America

Richard Crane


SVP Commodity Management at Royal Philips and Head of Procurement
Philips North America

Check out the incredible speaker line-up to see who will be joining Richard.

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Practitioners-Only Day—The Rise of Procurement 3.0

Monday, October 2nd, 2017


09:30 Using Effective Contract Management Processes To Deliver Value and Mitigate Risk

Working in volatile and international markets, many companies need to maintain a close focus on value delivery and risk management. What strategies can you implement to leverage your supplier relationships and contracts to manage supplier and market risk and ensure sustainable value delivery through the contract lifecycle.
• Segmenting contract portfolios
• Delivery value for money throughout the contractual relationship
• Demonstrating year over year continuous improvement within the contract
• Understanding the value of contract management as a lever in spend management
• Using non-disclosure agreements as a risk mitigation tool with key suppliers
• Examining how to manage complex contracts and cross-organizational demands
• Measuring the importance of process vs technology vs people in effective contract management