Skin ADV

Supply Chain Glossary

Glossary  >  P  >  Payment Profile  


 

Payment Profile


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

The term ‘payment profile’ describes the timing and scaling of a contractor’s remuneration.  For example, some contracts include a retention clause, under which the client retains a sum of money until a defined period has elapsed.  In other contracts, the client may make interim payments to the contractor to cover out-of-pocket expenses such as the purchase of materials, based on a claim by the contractor for the value of those expenses.  Alternatively, the client may define key milestones that trigger the release of a payment on completion by the contractor.  Such stage or milestone payments represent a payment profile, and this profile is used where it is not possible or appropriate to create a simple lump sum payment upon completion of the work.  See also Incentive.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Job Opportunities
 
Senior Inventory Analyst
     
     Hopkinton  -  PERM  -  Michael Page

Transportation and Logistics Manager, Philips Healthcare, (Lockbourne, OH.)
     
     Lockbourne, Ohio  -  PERM  -  Philips

Electrical Engineer - Procurement
     
     Bothell, Washington  -  PERM  -  Philips

Contract Manufacturing Technician (multiple positions in Upstream, Downstream & Production Services)
     
     California - Oceanside  -  PERM  -  Roche

Senior Analyst of Planning - Manufacturing
     
     Texas  -  PERM  -  Michael Page

IT Procurement and Vendor Manager - HW/SW/Telecoms/Consulting - Deerfield
     
     Deerfield  -  PERM  -  Michael Page

Purchasing Manager
     
     Grand Rapids  -  PERM  -  Michael Page

Procurement Manager Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Procurement Director Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Sourcing Manager North Carolina
     
     North Carolina  -  PERM  -  Teldar Group

Senior Buyer San Francisco, CA
     
     San Francisco, CA  -  PERM  -  Teldar Group

Sourcing Manager Travel FL or TX
     
     FL or TX  -  PERM  -  Teldar Group

Supply Chain Manager Chicago, IL
     
     Chicago, IL  -  PERM  -  Teldar Group

Senior Sourcing Manager FL or TX
     
     FL or TX  -  PERM  -  Teldar Group

Sourcing Manager Fl or Tx
     
     Fl or Tx  -  PERM  -  Teldar Group

 

Supply chain E-learning



Explore available supply chain e-learning modules by language and academy



News & Trends
 

Last update 10 Sep 2021
Marked improvement in operating conditions amid strong demand conditions
   Source: Markit US Manufacturing PMI   -  IHS Markit
United States 


Retail

The retail sector is always on the move. Whether this involves shopping centres, shops in inner city locations or at airports – trends change very quickly and the goods change just as rapidly too. To keep up with these developments, highly complex and process driven supply chains are needed. With our...

50% More Retailers Plan to Revamp Fulfillment Strategies to Address Consumer Needs

New research from Blue Yonder®, conducted by Researchscape International, has identified the most pressing e-commerce fulfillment priorities and investments of today’s retail executives amid the COVID-19 pan...


Education
 

Resources
 
Tudor Rose International increases productivity through integrated SCM platform ASSIST4

Tudor Rose International is Europe’s leading export market management company specialising in building brands around the world. In business for nearly 30 years, the innovative company mastered an ambitious IT mo...

The Agility Agenda for Procurement

This year, Ardent Partners explores a key characteristic that separates best-in-class procurement teams from all others – agility.While the 318 procurement and finance pros who were surveyed continue to focus on sa...


International Agenda