Total Life Cycle Management for Your Transactions
We assist clients in achieving sound total lifecycle management of their transactions; namely, a well defined, well documented, easily understood process with consistently applied procedures and clearly defined responsibilities designed to ensure that contractual objectives are met. This involves monitoring, measuring and managing contractual performance, costs and changes. Working closely with your staff and legal counsel THG can assists you in improving:
The overall quality of the total lifecycle management process including key decisions and how well the parties have articulated their respective rights and responsibilities under the contract.
The quality of the management of the contract including tying payment to performance and ensuring that conforming deliverables are provided on time at the agreed upon price.
The quality of contract administration including whether invoices are paid on time, without over or duplicate payment, based on proper documentation.
The quality of document control capability including the creation of contract documents as well as their storage and retrieval.
The quality of the resources applied to sound transaction lifecycle management including the proper training and staffing for the process.
In summary, THG can assist your organization in assessing its needs, negotiating and creating your contracts, training associates and executives, and managing transactions to ensure that responsibilities are fulfilled and that the organization’s collective expertise is leveraged to it’s maximum advantage.
About Paul Humbert
X. Paul Humbert is President and Managing Director of The Humbert Group, LLC. He has over twenty years of experience in negotiating and structuring complex commercial transactions of all types, including structuring requests for proposals (“RFPs”), articulating the deliverables, contracts for the purchase of goods and services, structuring strategic alliances and developing outsourcing arrangements. Mr. Humbert has a JD from Seton Hall Law School and a BS in Management from the University of Akron.
Mr. Humbert has taught at both Seton Hall Law School and Monmouth College. He currently heads The Humbert Group (“THG”), specializing in assisting supply chain and management professionals in all phases of contract negotiation and transaction management. He has also served as an arbitrator for the American Arbitration Association.
Mr.Humbert is a frequent instructor for the National Association of Purchasing Managers (NAPM) and a part-time lecturer at Rutgers University where he teaches Contract Management for Business Professionals to MBA candidates.
|
