Our client, a Fortune 500 Life Sciences company acquired a Pharmaceutical Company to bolster its product portfolio and expand its Pharmaceutical offering. Integrating the acquisition required review disposition of ~3600 supplier agreements, and evaluating ~600 new suppliers for onboarding into the Client environment.

• We engaged a team of contract specialists, to work with business partners to determine which supplier relationships could be terminated and which needed to be migrated to the Client’s environment.
• We partnered with Legal to develop contract templates for terminations/non-renewals, and contract amendments.
• We reviewed supplier agreements, determining actions to be taken and executed accordingly, including sending notices of termination/non-renewals, and negotiating contract changes.
• We partnered with Procurement and AP to develop supplier communications and support Supplier Risk Assessments, Supplier On-Boarding.

• We reviewed and dispositioned ~3,600 supplier agreements and loaded all active agreements into the client’s Contract Management System.
• We negotiated and transferred supplier agreements to capture synergies and move suppliers to Client’s standard terms and conditions.
• We develop a Supplier Integration playbook and associated training that has become the standard for future Acquisitions.