Jux Global: Specialist in procurement and contract management
From its base in London, Jux Global provides procurement and contract management services to clients in the United Kingdom and beyond. We sat down with company founder and director Simon DeHaney to discuss the firm’s services.
“Procurement and contracts management are critical functions for businesses of all sizes and industries. These processes involve the acquisition of goods, services, and resources, as well as the management of the contracts that govern these transactions,” explained DeHaney.
Since its inception in 2009, Jux Global has advised and supported dozens of leading organisations such as JPMorgan, Barclays, Western Union, The Financial Times, Coca Cola and Nescafe with procurement-related engagements.
Procurement involves identifying the goods and services that a business needs and sourcing them from the most suitable and cost-effective suppliers. This process typically involves market research, request for proposals (RFPs), and negotiations.
Contracts management involves the administration and oversight of contracts once they are in place. This includes monitoring performance, managing changes and amendments, and ensuring compliance with the terms of the contract.
“Effective procurement and contracts management can help businesses save money, reduce risk, and improve efficiency. By carefully evaluating and selecting suppliers, negotiating favourable terms, and managing contracts effectively, businesses can ensure that they are getting the best value for their resources,” said DeHaney.
“Contracts management is also crucial for mitigating risk and ensuring that businesses are getting the value they expect from their contracts. This includes maintaining accurate records, tracking performance, and addressing any issues or disputes that may arise.”
Prior to founding Jux Global, DeHaney gained managerial experience gained both within practice and industry through working for a section of world leading organisations such as JPMorgan, Barclays, Capital Investment Bank, Clifford Chance and Citigroup.
