Describe the contract closing process with suppliers

Description

Complete Part 2 of the Procurement Plan Project. This consists of the Contract Closeout and Maintaining Supplier Performance sections of the Procurement Plan Project as well as a memo to the procurement officer for your organization.

• The Contract Closeout section will briefly describe the contract closing process with suppliers.
  • How you will finalize payments to suppliers?
• The Maintaining Supplier Performance section will have descriptions of the partnerships or alliances that your organization has with the suppliers.
  • What are the key performance indicators (KPIs) used?
  • Describe the methods that will be used to measure supplier performance.
  • Explain why you have chosen these measurements.
• Use the template to compose a memo to the organizational procurement officer.
  • State why this plan should be used by the organization.
  • Explain how your plan aligns with the organizational strategy.