Purchasing Today® Magazine's Strategies & Solutions for July 1999

FOR RELEASE: July 23, 1999

CONTACT: Zenobia Daruwalla
  NAPM Media Relations
  602/752-6276 ext. 3015

(Tempe, Arizona) — The recently redesigned Purchasing Today® magazine now includes "Strategies & Solutions." Every month this section provides readers with focused articles on the purchasing and supply function's responsibilities.

In the July 1999 issue, Strategies & Solutions takes a look at technology contracts. After the negotiations and contracting are complete, oftentimes, that is when the work begins. Under an extensive technology negotiation, certain contract items and issues related to maintenance overruns can change the cost of a contract as much as 10 to 50 percent.

Purchasing Today® lists areas in technology contracts to look out for. Some of them include:

  1. Assignment rights - Work assignment rights into your contract to help you avoid excessive, unexpected costs.
  2. Development of cost elements - Require all expenditures to be specified and quoted upfront, before making a commitment to purchase.
  3. Warranty terms - Create an acceptance criteria document, which lists your expectations about the software and/or hardware's behavior in no uncertain terms.
  4. Termination provisions - Make sure your contract includes a provision for proper termination by both sides.

Further details on technology contracts can be found in the July 1999 issue of Purchasing Today® magazine.

Purchasing Today® is NAPM's monthly publication and is a benefit exclusively for NAPM members. For information about receiving Purchasing Today® and becoming a member of NAPM, call NAPM Customer Service at 800/888-6276 or 480/752-6276, extension 401. Or visit NAPM on the Internet at www.napm.org.

The National Association of Purchasing Management is a not-for-profit association that provides national and international leadership in purchasing and supply management research and education. The association exists to educate, develop, and advance the purchasing and supply management profession. NAPM provides members and nonmembers alike with opportunities to expand their professional knowledge and skills. NAPM is comprised of 181 affiliates with more than 45,000 members throughout the United States and Puerto Rico. Visit the NAPM Web site at www.napm.org.