oboloo

oboloo Glossary

Supplier Change Management

oboloo Glossary

Supplier Change Management

Supplier Change Management Definition

Supplier change management is the process of assessing, approving, and monitoring changes to supplier contracts. The goal of supplier change management is to protect the organization’s interests by ensuring that changes to supplier contracts do not adversely impact the organization.

Supplier change management begins with the identification of a need for a change to a supplier contract. Once a need for a change is identified, the relevant stakeholders must be consulted and approval must be obtained from the organization’s decision-makers. Once approval is obtained, the supplier contract can be updated and the changes can be implemented. Finally, the organization must monitor the changes to ensure that they are having the desired effect and that there are no negative impacts on the organization.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971