Performance-based and Vested Sourcing Business Models: Gainsharing in a New Dress? Article by Kate Vitasek published 16 December in SIG’s Inside Sourcing Newsletter. I often get the question, “Is Vested Outsourcing really gainsharing in a new dress?” The answer is no. On the surface, gainsharing, a performance-based agreement, and a Vested sourcing business model all […]
Vested
The 10 Procurement Sins
Philip Ideson, who runs the Art of Procurement website and does a weekly podcast on procurement issues, recently looked back at some old Art of Procurement episodes and came up with a list of the 10 “sins of procurement.” He notes, “There are a lot more than 10! However, I had to stop somewhere! These […]
Contract Management — November 2016
Collaborative Bidding Can Transform the Competitive Process Article by Kate Vitasek in the November edition of Contract Management magazine. Here’s the link to the magazine page (sign-up required): http://tinyurl.com/gmr578z
Contract Management — October 2016
A Prescription for Collaborative Healthcare Outsourcing Article by Kate Vitasek in the October issue of Contract Management magazine. Here’s the link to the magazine page (sign-up required): http://tinyurl.com/hnaoq2y
Forbes — November 2016 — Relational contracting
Relational Contracting On The Rise With The Success Of The Australian Navy Article by Kate Vitasek published by Forbes on 30 November 2016. Relational contracting is back in fashion, marked recently by the Australian Navy’s innovative approach for incorporating a relational contract that led to their winning the International Association of Contracting and Commercial Management […]
Master Services Agreement? Or Master-Slave Agreement?
Master Services Agreements: love ‘em? hate ‘em? The intent of an MSA is a good thing as it helps foster a more strategic relationship by typically creating a contracting vehicle where additional work can be flexibly added. In short, it sets out the legal “rules” of the relationship. However (and unfortunately) all too often the road […]
The Power of Ts and Cs – Squared
At the International Association for Contract and Commercial Management (IACCM) conference last week a speaker mentioned that the contracting community needs to rethink standard contract Terms and Conditions—or Ts and Cs. He challenged the group think about “squaring” them to include Trust and Collaboration, as in T2 and C2. Why? Because contracting remains stuck in the […]
Relational Contracting: Overcoming the Paradox
Wait! What is that you ask? The latest white paper from the University of Tennessee, the International Association for Contract and Commercial Management (IACCM) and Lindahl Law Firm explains why relational contracting is necessary to get past this paradox. What exactly is the “contracting paradox?” In the just-released white paper, “Unpacking Relational Contracts: The Practitioner’s […]
What do the 2016 Nobel Prize winners in economics teach us about Vested and alternative Sourcing Business Models? – Pt. 2
This post was written by David Frydlinger, Kate Vitasek and Henrik Järleskog. When Oliver Hart and Bengt Holmström won the Nobel prize in economics last week, many Vested followers reached out asking the question, “How does their research align with the What’s in it for We (WIIFWe) mindset and approaches of the Vested sourcing […]
What do the 2016 Nobel Prize winners in economics teach us about Vested and alternative Sourcing Business Models? – Pt 1
This post was written by David Frydlinger, Kate Vitasek and Henrik Järleskog. On October 10th we learned that the 2016 Nobel Prize in economic science was awarded to professors Bengt Holmström (MIT) and Oliver Hart (Harvard) for their work in contract theory. This Nobel Prize is of great practical importance in daily business. For […]
