Based out of Chicago, Jayant is a Knowledge Specialist with McKinsey's Procurement practice, managing the Americas geography for digital purchasing and supply management studies. His expertise includes predictive price models, request-for-proposal tool development, electronic auctions, and request-for-quotation analysis using Monte Carlo simulation.
Contracting for performance: Unlocking additional value
The majority of contracts are lacking basic elements that could enable better vendor performance and cost savings. Here’s how companies can tighten the rein.