Understand the leading trends in technology contract formation and the innovative methods used to streamline the content of good agreements.
Unlike many areas of procurement, the acquisition of information technology solutions (hardware, software, software-as-a-service, business process outsourcing, telephony, and technical consulting) nearly always requires the formation of a written contract to mitigate risks for both the provider and customer. The complexity of technology contracting is increasing dramatically with key changes in solution delivery. Without a sophisticated understanding of new risks, today's procurement leaders can be caught off guard in these critical negotiations. This topic will explain leading trends in technology contract formation and construction being used by leading companies and governmental agencies. It will explain innovative methods to simplify and streamline the content of good agreements. The instructor will share real-world contracts management examples from his career and consulting experience. He will illustrate key points using actual language examples.
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Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Major Trends in Technology Delivery
- Artificial Intelligence (AI)
- Migration to Smart Devices
- Big Data
- Software-As-A-Service (SaaS)
- Consumerization of Information Technology
- The Internet of Things (IoT)
The Complexity of Contracting for Technology
- The Spider's Web
- Technology Costing - the Squishy Balloon
- Changes in Revenue Models for Technology Providers
- Cost Changes in IT Delivery
Key Types of Technology Contracts
- Modern Drafting Trends in Best Practice Contracts
- Template Design Principles
- 10 Key Contract Types Used in Technology Contracting
- Our Paper or Theirs?
Moving Into the Cloud - Ways to Address Key Risks
- SaaS, PaaS, BPaaS, XaaS
- Ownership of Data
- SaaS Is Really a Rental Agreement
- New Considerations for Multi-Cloud Contracts
- Must Have Clauses in Any SaaS Arrangement
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on August 20, 2020.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Mark J. Trowbridge, CPSM, C.P.M., MCIPS
Strategic Procurement Solutions, LLC
- Principal in the office of Strategic Procurement Solutions, LLC, a provider of advanced procurement advisory, skills diagnostic, and professional development services; active advisor to leading corporations and governmental groups on contracting processes, templates, and risk management
- Past career roles in manufacturing (3rd largest global manufacturer of yachts), transportation (world’s largest airline), and financial services (domestic 2nd largest and global 13th largest banking enterprise); directed all contracts management for Bank of America globally
- 20 years in consulting supporting clients like Apple, Intel, Adobe Systems, Delphi, Kraft Foods, Johnson & Johnson, Hertz Corporation, Mitsubishi, State of Colorado, Volvo North America, Signet Jewelers (Kay, Jared, Zales), Limited Brands, Allstate, Commonwealth of Massachusetts, Nationwide, CarMax, Hertz Corporation, Tupperware International, State of Maryland, Newmont Mining, Sephora, etc.
- Practice emphasizes all aspects of procurement and supply management performance
- Conducts regular seminars and workshops on numerous procurement category management, expert strategic sourcing, advanced procurement negotiations, best practices in inventory management, strategic contracting, and others
- Written many articles in publications and information sites like Supply Chain Management Review, Inside Supply Management, eSide Supply Management, SpendMatters, and Modern Materials Management
- Membership information includes Institute for Supply Management (ISM), National Contract Management Association (NCMA), Chartered Institute of Purchasing & Supply (CIPS)
- B.A. degree in business administration, Pepperdine University; holds professional designations as a CPSM and C.P.M. from the Institute of Supply Management (ISM) and MCIPS from the London Chartered Institute for Purchasing & Supply (CIPS)
- Can be contacted at 209-419-1699, [email protected], or www.linkedin.com/in/mark-trowbridge-cpsm-c-p-m-mcips-24184b2a/
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