Best-in-Class Negotiations: Understand What Your Price Data Means Before Signing That Contract
Best-in-Class Negotiations: Understand What Your Price Data Means Before Signing That ContractYour contract is only as good as the data to which it is tied. Do you understand the potential risks associated with linking PPIs and other data to contracts?
To mitigate risks, more and more companies are linking contracts with price data. The link with price data makes sense for most contracts; however problems can arise when companies do not fully understand the data used in their pricing mechanisms. IHS has been working with global purchasing organizations for more than 40 years to serve as a third-party expert to recommend the most appropriate price data for contracts. During this one-hour webcast, IHS will answer:
- What are commonly-used price data to adjust supplier’s contract?
- What are the advantages and disadvantages of these data sources?
- How can you set up the contract so that the disadvantages are mitigated?
- Are you exposing yourself and your suppliers to undue risk?
Join us for this lively discussion to ask your questions and fully understand the data that are tied to millions of dollars of spend for your company.