Contract Management and Administration Qn.1 In around two (2) pages demonstrate how you would enhance credibility of the supplier evaluation process of your organization.
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Contract Management and Administration
Qn.1
In around two (2) pages demonstrate how you would enhance credibility of the supplier evaluation process of your organization.
Step by step
Solved in 3 steps
- Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. What parts of the supply chain are most closely involved with the situation in this case? What is the responsibility of each part in order to maintain a smooth flow of material?Procurement- Which of the following is not a risk of taking legal action against a supplier? A. Loss of supplier B. Embarrassing C. Time-consuming D. ExpensiveII. Formulate recommendation and strategies on how to minimize a business negative impact and maximize its positive impact on suppliers and investors Ways on how to minimize the negative impact of a business on supplier and investors: (list as many as you can) Ways on how to maximize the positive impact of a business on suppliers and invetors: (list as many as you can)
- Which aspects of IT security would you expect to be incorporating into an IT procurement plan? a. Penetration testing, System hardness, Physical access b. Authorisation, Authentication and Audit expectations c. Anti-virus, Access controls, Password expiry d. You wouldn't consider security in procurement because it is a different issue entirelyDiscuss Supplier Partnership and its advantages in your own words. Explain SINGLE, SOLE, and MULTIPLE Sourcing in Detail. Marks-(10)Arnold Palmer Hospital, one of the nation’s top hospitals dedicated to serving women and children, is a large business with over 2,000 employees working in a 431-bed facility totaling 676,000 square feet in Orlando, Florida. Like many other hospitals, and other companies, Arnold Palmer Hospital had been a long-time member of a large buying group, one servicing 900 members. But the group did have a few limitations. For example, it might change suppliers for a particular product every year (based on a new lower-cost bidder) or stock only a product that was not familiar to the physicians at Arnold Palmer Hospital. The buying group was also not able to negotiate contracts with local manufacturers to secure the best pricing So in 2003, Arnold Palmer Hospital, together with seven other partner hospitals in central Florida, formed its own much smaller, but still powerful (with $200 million in annual purchases) Healthcare Purchasing Alliance (HPA) corporation. The new alliance saved the HPA…
- Which of the following statements about supply chain coordination contracts is TRUE? A A risk-averse business owner should enter a revenue-sharing rather than a buy-back contract. B The supplier faces increased overhead costs in a revenue-sharing contract. C Products with a short peak demand period should enter a buy-back contract rather than a revenue-sharing contract. D Buy-back contracts usually work more efficiently than revenue-sharing contracts.Contract Management and Administration. Q.3 You have been asked by your company to prepare a three (3) paged concept paper examining the implications of supplier evaluations on procurement performance.demong view on supplier relationship 7 deming view on supplier relationship
- Which control or action a management should do to protect the company from the risk or threat brought by the company’s supplier strike that would affect the flow of raw materials? A. Develop a formal and rigorous product testing program. B. Develop an approach for legally gathering information about supplier’s plans and practices. C. Establish policies for inventory record management of raw materials. D. Establish relationship with two or more suppliers capable of providing raw materials (Choose letter only)buyers could be the following individuals ? a. Customers and suppliers b. Workers and Suppliers c. Friends and Family d. None of the AboveWhich of the following is not a characteristic of thefactor-weighting approach to supplier cvalution?a) it applies qua ntitative scores to qualitative criteriab) the weights typically sum to 100%c) multiple criteria can be conside red simultaneouslyd) subjective j udgment is often involvede) it applies qualitative assessments to quantitative criteria