Re: Defining Contract Review
If you had to define Contract Review in a couple sentences what would you say it is?
My simple attempt would be:
The process of reviewing the purchase order for defined quality, processing, delivery, and handling requirements prior to accepting the order.
Generally, we quality professionals think there should be a little more -
In most cases, we like to think about the business end, too.
Will the contract be "doable" at the price to provide sufficient profit for the supplier?
Is the customer capable of paying?
How will the customer make approval for accepting delivery?
What is the process for handling any disputes which may arise?
In my own particular case, we reviewed contracts with a cross-functional team (marketing, manufacturing, purchasing
[could we get materials at price and in timely manner?], packaging, legal, financial, quality, etc.)
I was obsessive and we were making products to spec for fussy customers - one mistake could be extremely costly!