Insurers will periodically terminate Contracts / Service Agreements and relationships with suppliers, either because of a Procurement / Strategic Sourcing decision to migrate to a new preferred supplier or, more rarely, an early termination due to supplier under performance.
Whereas all well written Supply Chain Contracts / Service Agreements should have robust clauses within the Terms and Conditions, to cater for Termination and Termination Assistance, effectively enforcing those clauses presents a challenge to the Supply Chain Manager. Whilst subject to a termination scenario, the supplier often reduces its commitment to servicing the account as – in comparison to other client accounts – the level of prestige and importance attached to the one in run off is diminished.
Against the backdrop a structured project plan, Shorten Management Consulting Limited can be engaged to assume ownership of the supplier relationship throughout the termination and run off timeline. The objectives would be to
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