DEFM200 Acquisition Cycle and Process

DEFM200 Acquisition Cycle and Process

After completing the readings for the week, offer your perspective on what is contract management, the contract life cycle, and contracting competencies. Consider the four supply chain alignment configurations discussed in the Dynamic Supply text. The four supply chain configurations are lean supply chains, agile supply chains, fully flexible supply chains, and continuous replenishment supply chains.

Please review the PowerPoint regarding an overview of Program Management and the overview regarding ethical behaviors in Government Contracting.

Initial response 250

 

Answer preview

Contract management refers to the process of ensuring the execution of a contract aiming at maximizing financial and operational performance while reducing financial risk. This aligns with lean supply configuration since it aims at executing procurement processes while reducing financial risks. The management concept calls…

 

(200 words)