Contract Management
About 80% of total business activities and commercial contacts in an organization are anchored by contracts. The business activity and the obligations inferred by it are today becoming more intricate both in the legal aspect and the content management, conditions, financial constraints and risk management aspect. In companies which do not use contract management, contracts exist but are not enforced.
Why is a contract management system necessary in an organization?
When contracts are not run in an orderly fashion, their content is forgotten and the contractual obligations as well as the milestones are missed. The results of the non-realization of contracts and breach of obligations cost much money for the organization. The great deal of work invested in the negotiation time between the contract’s parties is lost when these contracts are not managed properly.
The ContractX is already proving itself worldwide
Minet represents in Israel Symfact corporation from Switzerland, which is one of the worlds leaders in contract management systems. Symfact is the developer of ContractX - a contract management system which is used by many organizations worldwide.
ContractX is a unique contract management softwarewhich manages each obligation and section of the contract. The systems enables maximum Customization for the various changing needs in the organization, for a variety of activities and for any type of contract or obligation; it is suitable for use in all of the organization’s departments (financial, legal, management, human resources and more). In addition the system enables linking to organizational systems (such as ERP, a financial system).
Outsourcing Acquisition
Acquisition is the biggest source of expenses in an organization; better acquisition will decrease costs and bring about a direct improvement of the organization’s bottom line.
Minet Technologies provides outsourcing acquisition services in two ways:
1. Execution of the acquisition function for the client organization. Can include strategic acquisition, operational acquisition or a combination of both.
2. Supper Supplier – Minet functions as the sub-items’ supplier enabling the client organization to focus on acquisition of strategic products.
Benefits of Outsourcing Acquisition:
1. Enables the client organization to focus on the organization’s core activities.
2. Decrease of rout costs –
· Decreasing the amount of suppliers; reducing management costs.
· Simple built-in procedures; high transparency
· Better acquisition prices for the items; direct cots decrease.
3. Improving suppliers’ performances.
Project Management and Consultation
Minet has executed many projects, improving the supply chain and acquisition. In addition, we have specialized in unique service logistics and spare parts managements areas as well as risk management in the supply chain.
Examples of projects:
· Cost Reduction projects’ management in organizations, by direct and indirect acquisition.
· Examination and improvement of acquisition systems and the supply chain.
· Improvement of acquisition with the inside clients and the suppliers.
· Design of smart procedures in the supply and acquisition chain, such as the negotiation procedure, the planning procedures.
· Inventory management and reduction of inventories, using both qualitative and quantitative methods.
· Management of the supply and acquisition chain at end points – New Product Introduction and Phasing Out.
In all our projects we emphasize making the valid solution under your organizational constraints and its application. The result of working with us is not a paper but a better supply and acquisition chain working for you.
