Enterprise Contract Management

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Enterprise Contract Management

Author : Anuj Saxena
Publisher :
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis Enterprise Contract Management by : Anuj Saxena

Download or read book Enterprise Contract Management written by Anuj Saxena and published by . This book was released on 2008 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization, increased economic and geopolitical uncertainty, technological advancements, and a rise in the number of regulations and legislations have led to a significant rise in the importance, volume, and complexity of modern contractual agreements. Yet, in spite of these profound changes, many organizations still manage the contracting process in a fragmented, manual, and ad-hoc manner, resulting in poor contract visibility, ineffective monitoring and management of contract compliance, and inadequate analysis of contract performance. The net effect of this has been a heightened interest in re-engineering and automation of Enterprise Contract Management (ECM) processes across industry sectors and geographies. Enterprise Contract Management: A Practical Guide to Successfully Implementing an ECM Solution addresses all the questions surrounding ECM, ECM solutions, and the project management, change management, and risk management considerations to ensure its successful implementation. This concise text will help your organization manage the challenges of the contract life cycle and the key success factors and pitfalls in a typical ECM solution. It is a must read for corporate executives, buyers, procurement and strategic sourcing specialists, contract administrators and procurement managers. There is currently no other book available on ECM solutions. All existing books on contract management focus on the legal aspects of contracts, but none describe the functions, features, and capabilities of technology solutions that support ECM, nor do they explain the key considerations for ensuring a successful ECM solution implementation. Key Features Provides comprehensive coverage for both process-oriented and technologically savvy senior managers, project managers, and contract administrators Covers the key functions and capabilities of ECM solutions and how they can be implemented within and beyond an organization Details the process aspects of ECM, such as the ECM lifecycle, the position and importance of ECM within an organization, and its relationship with governance, risk management, and compliance management Features the key capabilities, functions, and benefits of new technology - ECM Solutions - to address the issues faced by most organizations in different phases of the contracting lifecycle Offers powerful advice for managers tasked with implementing an ECM Solution and for those looking for ideas on how to get the most out of their curr ...

Enterprise Contract Management

Author : Anuj Saxena
Publisher : J. Ross Publishing
ISBN 13 : 1932159908
Total Pages : 345 pages
Book Rating : 4.9/5 (321 download)

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Book Synopsis Enterprise Contract Management by : Anuj Saxena

Download or read book Enterprise Contract Management written by Anuj Saxena and published by J. Ross Publishing. This book was released on 2008-02-15 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization, increased economic and geopolitical uncertainty, technological advancements, and a rise in the number of regulations and legislations have led to a significant rise in the importance, volume, and complexity of modern contractual agreements. Yet, in spite of these profound changes, many organizations still manage the contracting process in a fragmented, manual, and ad-hoc manner, resulting in poor contract visibility, ineffective monitoring and management of contract compliance, and inadequate analysis of contract performance. The net effect of this has been a heightened interest in re-engineering and automation of Enterprise Contract Management (ECM) processes across industry sectors and geographies. Enterprise Contract Management: A Practical Guide to Successfully Implementing an ECM Solution addresses all the questions surrounding ECM, ECM solutions, and the project management, change management, and risk management considerations to ensure its successful implementation. This concise text will help your organization manage the challenges of the contract life cycle and the key success factors and pitfalls in a typical ECM solution. It is a must read for corporate executives, buyers, procurement and strategic sourcing specialists, contract administrators and procurement managers. There is currently no other book available on ECM solutions. All existing books on contract management focus on the legal aspects of contracts, but none describe the functions, features, capabilities of technology solutions that support ECM, nor do they explain the key considerations for ensuring a successful ECM solution implementation.

World Class Contracting

Author : Gregory A. Garrett
Publisher : Cch Incorporated
ISBN 13 : 9780808016113
Total Pages : 424 pages
Book Rating : 4.0/5 (161 download)

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Book Synopsis World Class Contracting by : Gregory A. Garrett

Download or read book World Class Contracting written by Gregory A. Garrett and published by Cch Incorporated. This book was released on 2006-11-17 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's highly specialized business world, many organizations are outsourcing to strategic partners in an effort to cut costs while maintaining good customer relations. Because their reputation is on the line, these companies must carefully manage partnership agreements, e-procurement solutions, and integrated supply chains to meet the exacting expectations of customers. A strong contract management program is paramount to companies that outsource, paving the way to stronger and more efficient business relationships that enhance, rather than reduce, the bottom line. World Class Contracting can help you gain a thorough understanding of the contracting process. Whether you are buying or selling contracts, this book will prove an invaluable desktop resource. The Fourth Edition of World Class Contracting adds three powerful chapters to the book. The three new chapters include: The Contract Management Senior Executive Assessment Tool, the Contract Management Maturity Model (CMMM), and a comprehensive discussion of Enterprise Contract Management, including independent assessments of six of the leading Enterprise Contract Management Software Applications. In addition, the Fourth Edition includes: Expanded discussion of international contract management issues Expanded review of the leading Contract Management associations NCMA, ISM, & IACCM) Updated discussions of contract management professional certifications Updated Contract Management Forms and Tools

Contractual Management

Author : Ralph Schuhmann
Publisher : Springer Nature
ISBN 13 : 3662584824
Total Pages : 430 pages
Book Rating : 4.6/5 (625 download)

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Book Synopsis Contractual Management by : Ralph Schuhmann

Download or read book Contractual Management written by Ralph Schuhmann and published by Springer Nature. This book was released on 2019-10-24 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Concept Contractual Management offers a holistic approach to managerial decision-making based on contracts or business processes that are related to contracts. It explains management from the point of view of the contract, just as it interprets the contract from the point of view of management. Thus, the approach highlights the great inherent potential of contracts for managing companies, transactions and business relationships. The book addresses students as well as practitioners and gives insights into the usage of contracts to manage companies or relationships. It covers contract handling from preliminary deliberations to negotiations, implementation, and all the way to the evaluation of the contract within the company. Furthermore, it provides competencies to design and implement a contract and to organize the relevant processes. The Content In Part 1, the book explains the theoretical foundations of Contractual Management; in Part 2, the application of the approach is illustrated through case studies which cover various sectors, industries, company sizes, contract types, and management situations. Theory part: Contractual Management – A Holistic Approach to a Diverse Issue. Case study part: 11 case studies arranged according to specific contract-related topics: Information and Communication – Change – Enterprise Networks – Conflict – Accounting and Financing – Legal Compliance – Societal Steering. The Editors Professor Dr. Ralph Schuhmann: After holding a senior management position in industry, Ralph Schuhmann now teaches Business Law at Ernst-Abbe-Hochschule in Jena, Germany. He is the scientific director of the Contractual Management Institute at SRH Hochschule Berlin and has published various articles on contract law and contract management. Professor Dr. Bert Eichhorn: Before his appointment as professor for International Law and Business Law at SRH Hochschule Berlin, Bert Eichhorn worked as a legal consultant at the EU Parliament and as a lawyer. He has published numerous articles in national and international scientific journals in the area of contract management and international law. He is the managing director of the Contractual Management Institute at SRH Hochschule Berlin.

Contract Management

Author : Peter Sammons
Publisher : Kogan Page Publishers
ISBN 13 : 0749480653
Total Pages : 281 pages
Book Rating : 4.7/5 (494 download)

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Book Synopsis Contract Management by : Peter Sammons

Download or read book Contract Management written by Peter Sammons and published by Kogan Page Publishers. This book was released on 2017-07-03 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contract management is a key management skill, yet it is underplayed in most organizations, which usually default to project management skills as a proxy for contract management skills. Whilst project management skills are equally essential, they are not the same thing. Contract Management looks at the wider contract management picture from an industrial-commercial perspective, and helps set-out typical structures and processes that assist the contract management task. The author uses diagramatic representations to depict complex ideas. Contract Management includes "learning points" in each chapter, looking at handling problems, procedural changes and enhancing commercial performance.

Fundamentals of Contract and Commercial Management

Author : International Association for Contract and Commercial Management
Publisher : Van Haren
ISBN 13 : 9087537123
Total Pages : 272 pages
Book Rating : 4.0/5 (875 download)

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Book Synopsis Fundamentals of Contract and Commercial Management by : International Association for Contract and Commercial Management

Download or read book Fundamentals of Contract and Commercial Management written by International Association for Contract and Commercial Management and published by Van Haren. This book was released on 2013-09-23 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ground-breaking title from the world’s leading authority on contemporary contracting best practices, the IACCM (International Association for Contract and Commercial Management) delivers a lively and practical complete insight into the contracting process which is useful in both business and personal life. Contracts are the language of business, and this book gives readers the essentials that can make a difference to any deal, no matter how big or small. Designed for the non-contract business professional, this book takes project managers and other professionals through the basic process and gives them a road map to improved results, increased value, and successful outcomes In this book you’ll find sensible guidance and approaches to ensure business success. Case studies showing you what can go wrong – and what can go right -- bring theory into the real world. Checklists give confidence and enable you to be certain that you have asked and answered the right questions as you go through any deal. This real-world approach demonstrates the value of effective contracting. This is not dry, academic prose. It is compelling and dynamic advice and tools to manage business relationships for both buyers and sellers.

Proceedings of the 21st International Symposium on Advancement of Construction Management and Real Estate

Author : K. W. Chau
Publisher : Springer
ISBN 13 : 9811061904
Total Pages : 1558 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Proceedings of the 21st International Symposium on Advancement of Construction Management and Real Estate by : K. W. Chau

Download or read book Proceedings of the 21st International Symposium on Advancement of Construction Management and Real Estate written by K. W. Chau and published by Springer. This book was released on 2017-12-18 with total page 1558 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the proceedings of CRIOCM_2016, 21st International Conference on Advancement of Construction Management and Real Estate, sharing the latest developments in real estate and construction management around the globe. The conference was organized by the Chinese Research Institute of Construction Management (CRIOCM) working in close collaboration with the University of Hong Kong. Written by international academics and professionals, the proceedings discuss the latest achievements, research findings and advances in frontier disciplines in the field of construction management and real estate. Covering a wide range of topics, including building information modelling, big data, geographic information systems, housing policies, management of infrastructure projects, occupational health and safety, real estate finance and economics, urban planning, and sustainability, the discussions provide valuable insights into the implementation of advanced construction project management and the real estate market in China and abroad. The book is an outstanding reference resource for academics and professionals alike.

Optimal Enterprise

Author : Mikhail V. Belov
Publisher : CRC Press
ISBN 13 : 1000344223
Total Pages : 277 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Optimal Enterprise by : Mikhail V. Belov

Download or read book Optimal Enterprise written by Mikhail V. Belov and published by CRC Press. This book was released on 2021-07-28 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the modern world, most gross product is created within Enterprise firms, project programs, state agencies, transnational corporations and their divisions, as well as various associations and compositions of the above entities. Enterprises, being, on the one hand, complex, and, on the other hand, widespread systems, are the subject matter of cybernetics, system theory, operations research, management sciences and many other fields of knowledge. However, the complexity of the system obstructs the development of mathematically rigorous foundations for Enterprise control. Moreover, methods of operations research and related sciences, which are widely used in practice, provide optimization of the constituents of an Enterprise, without modeling it as a whole system. But the optimization of parts does not lead to the optimality of the whole, and, also, the absence of top-down and holistic mathematical models of Enterprise contradicts the principle of holism and the system approach. The approach in this book looks first at Enterprise Systems and their essential aspects as complex sociotechnical systems composed of integrated sets of structural and process models (Chapters 1 and 2). A uniform description of all the heterogeneous fields of the modern Enterprise (marketing, sales, manufacturing, HR, finance, etc.) is then made, and the Enterprise Control Problem is posed as a top-down and holistic mathematical optimization problem (Chapter 3). Original models and methods of contract theory (Chapter 4), technology management (Chapter 5), human behavior and human capital (Chapter 6) and complex activity and resource planning (Chapter 7) are developed to solve the problem. Structural processes and mathematical models constitute an Optimal Enterprise Control Framework (Chapter 8) that provides a practical solution to the Enterprise Control Problem. This book is a resource for postgraduate and doctoral students, postdoctoral researchers and professors with research interests in the following fields of science: Fundamental Complex Systems study, Complex Systems Engineering, Enterprise Systems Engineering Applications of Operations Research, Optimization, Probability and Stochastic processes to Management Science, Economics and Business Theory of the Firm Business and Management – general, strategy/leadership, organization management, operations management and management information systems Theory of Business Processes, Business Processes Improvement and Reengineering

Chinese Firms Between Hierarchy and Market

Author : D. Chen
Publisher : Springer
ISBN 13 : 0230375502
Total Pages : 232 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Chinese Firms Between Hierarchy and Market by : D. Chen

Download or read book Chinese Firms Between Hierarchy and Market written by D. Chen and published by Springer. This book was released on 1994-11-13 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about the enterprise reform in China in general, and the Contract Management Responsibility System (the CMRS) in particular. The latter is an institutional arrangement to deal with the relation between the government and the state-owned enterprise which has always been at the centre of the enterprise reform. This research is based on four in-depth case studies of Chinese state-owned companies.

Contract Plans and Public Enterprise Performance

Author : John R. Nellis
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 97 pages
Book Rating : 4./5 ( download)

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Book Synopsis Contract Plans and Public Enterprise Performance by : John R. Nellis

Download or read book Contract Plans and Public Enterprise Performance written by John R. Nellis and published by World Bank Publications. This book was released on 1989-01-01 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contract plans help clarify goals, increase managerial autonomy, and open a dialogue between management and government -- but their benefits have been oversold.

Innovative and Agile Contracting for Digital Transformation and Industry 4.0

Author : Shalan, Mohammad Ali
Publisher : IGI Global
ISBN 13 : 1799845028
Total Pages : 415 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Innovative and Agile Contracting for Digital Transformation and Industry 4.0 by : Shalan, Mohammad Ali

Download or read book Innovative and Agile Contracting for Digital Transformation and Industry 4.0 written by Shalan, Mohammad Ali and published by IGI Global. This book was released on 2020-12-18 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital transformation is reshaping the business arena as new, successful digital business models are increasing agility and presenting better ways to handle business than the traditional alternatives. Industry 4.0 affects everything in our daily lives and is blurring the line between the physical, the biological, and the digital. This created an environment where technology and humans are so closely integrated that it is impacting every activity within the organizations. Specifically, contracting processes and procedures are challenged to align with the new business dynamics as traditional contracts are no longer fitting today's agile and continuously changing environments. Businesses are required to facilitate faster, more secure, soft, and real-time transactions while protecting stakeholders’ rights and obligations. This includes agile contracts which are dynamically handling scope changes, smart contracts that can automate rule-based functions, friction-less contracts that can facilitate different activities, and opportunity contracts that looks toward the future. Innovative and Agile Contracting for Digital Transformation and Industry 4.0 analyzes the consequences, benefits, and possible scenarios of contract transformation under the pressure of new technologies and business dynamics in modern times. The chapters cover the problems, issues, complications, strategies, governance, and risks related to the development and enforcement of digital transformation contracting practices. While highlighting topics in the area of digital transformation and contracting such as artificial intelligence, digital business, emerging technologies, and blockchain, this book is ideally intended for business, engineering, and technology practitioners and policy makers, along with practitioners, stakeholders, researchers, academicians, and students interested in understanding the scope, complexity, and importance of innovative contracts and agile contracting.

Straight to the Bottom Line

Author : Robert A. Rudzki
Publisher : J. Ross Publishing
ISBN 13 : 9781932159493
Total Pages : 288 pages
Book Rating : 4.1/5 (594 download)

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Book Synopsis Straight to the Bottom Line by : Robert A. Rudzki

Download or read book Straight to the Bottom Line written by Robert A. Rudzki and published by J. Ross Publishing. This book was released on 2005-10-15 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a clear understanding of performance improvement opportunities and what is at stake if these opportunities are overlooked. It outlines a powerful and logical approach for assessing the state-of-play in any organization, and offers ways to estimate the specific opportunities related to implementing a change in strategy and practices. It also details a comprehensive framework for organizing the transformation plan across multiple dimensions, and gives advice on which areas to focus on first in order to build and ensure success.

Commercial Management

Author : David Lowe
Publisher : John Wiley & Sons
ISBN 13 : 1405124687
Total Pages : 533 pages
Book Rating : 4.4/5 (51 download)

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Book Synopsis Commercial Management by : David Lowe

Download or read book Commercial Management written by David Lowe and published by John Wiley & Sons. This book was released on 2013-08-05 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commercial Management: theory and practice defines the role of commercial management within project-oriented organisations, providing a framework for and helping to develop a critical understanding of the factors that influence commercial management practice. It also identifies generic aspects of this practice and provides a theoretical foundation to these activities, by reference to existing and emergent theories and concepts, as well as to relevant management best practice. The book is structured into four parts: Part 1 Introduction – Commercial Management in Project Environments explores the nature of commercial practice within project-oriented organisations at the buyer-seller interface. It presents a Commercial Management framework, which illustrates the multiple interactions and connections between the purchaser‘s procurement cycle and a supplier‘s bidding and implementation cycles. Additionally, it outlines the principle activities undertaken by the commercial function, identifies the skills and abilities that support these activities and reviews the theories and concepts that underpin commercial practice. Finally, it identifies areas of commonality of practice with other functions found within project-oriented organisations, plus sources of potential conflict and misunderstanding. Part 2 – Elements of Commercial Theory and Practice covers commercial leadership; exploring strategy; risk and uncertainty management; financial decision-making; and key legal issues. Part 3 – Approaches to Commercial Practice addresses best practice management; and commercial and contracting strategies and tactics. Finally, Part 4 – Case Studies offers two extended case studies: Football Stadia (the Millennium Stadium, Cardiff; the Emirates Stadium, Islington; and Wembley Stadium, London); and Heathrow Terminal 5. The book provides a one-stop-shop to the many topics that underpin commercial management practice from both a demand (buy-side) and a supply (sell-side) perspective. It will help develop an understanding of the issues influencing commercial management: leadership, strategy, risk, financial, legal, best practice management and commercial and contracting strategy and tactics. This book’s companion website is at www.wiley.com/go/lowecommercialmanagement and offers invaluable resources for both students and lecturers: • PowerPoint slides for lecturers on each chapter • Sample exam questions for students to practice • Weblinks to key journals and relevant professional bodies

The Outsourcing Enterprise

Author : L. Willcocks
Publisher : Springer
ISBN 13 : 0230290574
Total Pages : 287 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis The Outsourcing Enterprise by : L. Willcocks

Download or read book The Outsourcing Enterprise written by L. Willcocks and published by Springer. This book was released on 2016-05-31 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evidence shows that organizations with both a CEO and a team involved in sourcing strategy and supplier configuration make more effective decisions. If the wrong supplier is chosen, performance can be negatively affected. Here the authors look at how companies can improve their outsourcing capabilities.

Contract Management

Author : Alain Brunet
Publisher : Springer Nature
ISBN 13 : 3030680762
Total Pages : 292 pages
Book Rating : 4.0/5 (36 download)

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Book Synopsis Contract Management by : Alain Brunet

Download or read book Contract Management written by Alain Brunet and published by Springer Nature. This book was released on 2021-07-30 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the latest findings relating to behavioral economics and the digital tools applied to contract management. There has been a decisive change in the role of contracts in the past decade, with contracts being transformed from purely legal necessities designed to protect against worst-case scenarios into tools for optimizing ongoing and mutually profitable business relationships with customers. There is an increasing emphasis on tight contracts, where time-risk and additional costs are passed on to the prime contractor, who may suffer heavy penalties in the event of non-performance. Contracts shape the behavior of the parties involved and as such have a major impact on project success. The contract manager’s goals are to protect the interests of the company and its shareholders by minimizing the company’s financial and contractual liabilities and to maximize its profitability while ensuring end-user satisfaction. The contract is usually written before the design is fully developed, and there is often a mismatch between contractual specifications and what the customer actually wants. Good contract management entails preserving the rights of the contractor by ensuring all parties respect their contractual obligations; providing advice to the project managers and engineering team; preparing profitable amendments to contracts or change requests; maintaining good record-keeping in the event that claims arise; filing notices when necessary; and guiding the project to a profitable conclusion. Like the ancient Chinese game of Go, moves made early in the game (notification of events) can shape the nature of a potential conflict one hundred moves later (arbitration threat). Contract management can also smooth the relationship between partners, allowing well-balanced “don’t-trade-a-dollar-for-a-penny” contracts to be managed through an established process rather than as sporadic events (we cannot claim to be in control of our business if we are not in control of the contracts on which it depends). Managing a contract with a mix of incomplete manuals, fragmented information, and poor planning can drive companies to “reinvent the wheel.” Contract management promotes a three-phase sequence to streamline information flows across the contract lifecycle, from the bid phase to performance, project closeout, and final payments.

Certified Federal Contract Manager Study Guide

Author : National Contract Management Association
Publisher : National Contract Management Association
ISBN 13 :
Total Pages : 240 pages
Book Rating : 4./5 ( download)

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Book Synopsis Certified Federal Contract Manager Study Guide by : National Contract Management Association

Download or read book Certified Federal Contract Manager Study Guide written by National Contract Management Association and published by National Contract Management Association. This book was released on with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The CFCM Study Guide is designed to assist candidates in reading the FAR by summarizing each part and highlighting critical definitions and information. It is intended as a detailed study outline of the main topics within each FAR part and includes specific references. The 4th Edition is divided by FAR subchapters A–H. Each subchapter section contains a brief “at a glance” summary of the FAR parts contained in that subchapter followed by a more in-depth summary of each part. The CFCM Study Guide provides references to specific thresholds, limitations, and requirements. Use the citations provided in the guide to find the most up-to-date thresholds in the FAR. This study guide has been updated to incorporate changes up to and including Federal Acquisition Circular 2021-06. As stated above, CFCM candidates are responsible for updates. Check National Contract Management's website for additional information about what is covered on the CFCM examination. The CFCM Study Guide comes with a full CFCM practice exam at the end of the book as well as an answer key to self-grade your responses. As noted, the questions on the practice exam may resemble those on the examination but were developed independently of the actual exam. Therefore, they are not the actual exam questions. Memorization of the practice exam questions and answers is not sufficient preparation for the examination.

Chinese Economists on Economic Reform - Collected Works of Xue Muqiao

Author : Xue Muqiao
Publisher : Routledge
ISBN 13 : 1136869190
Total Pages : 224 pages
Book Rating : 4.1/5 (368 download)

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Book Synopsis Chinese Economists on Economic Reform - Collected Works of Xue Muqiao by : Xue Muqiao

Download or read book Chinese Economists on Economic Reform - Collected Works of Xue Muqiao written by Xue Muqiao and published by Routledge. This book was released on 2010-12-16 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The China Development Research Foundation is one of the leading economic and social think tanks in China, where many of the theoretical underpinnings and policy details of economic reform were formulated. This book is the first of a series which makes available to an English-speaking audience the work of the individual Chinese economists who were the architects of reform. The series provides an inside view of China’s economic reform, revealing the thinking of the reformers themselves, unlike many other books on China’s economic reform which are written by outside observers. Xue Muqiao held many key posts including Secretary General of the Finance and Economy Commission of the Government Administrative Council, Director-General of the National Bureau of Statistics and consultant of State Council Office for Restructuring the Economic Systems. His work included eliminating the serious inflation of the early years of the People’s Republic, participating in drafting and implementing the First and Second Five-year Plans, and establishing the initial statistics system and price management system. His great contribution was to the development of economic theories and practice following China’s economic reform.