Agreement Management
An Acquisition Process Area at Maturity Level 2
Purpose
The purpose of Agreement Management (AM) is to ensure that the supplier and the acquirer perform according to the terms of the supplier agreement.
Introductory Notes
The Agreement Management process area involves the following activities:
• Executing the supplier agreement
• Monitoring supplier processes
• Accepting the delivery of acquired products
• Managing supplier invoices
Tip
AM helps to prevent problems, such as suppliers that can’t meet requirements, by providing a proactive approach to supplier management and visibility into supplier activities.
Although the goal of AM is effective performance by both parties to the agreement, acquirers ...
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