If no time nor pricing mechanism were mentioned/found in an agreement, how will duration and cost can be determined?
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- explain certain demand?Subject: Procurement & Sourcing Q): How contract is establish? Q) What are the main terms of contract?Memo 7 To:Pricing Manager, Central State Region From:Vice President, Marketing Re:Strategic Pricing Decision Our only competitor in the Central State region currently provides bundled services at $79.95. We are currently charging a 10 percent premium over its price, but there are rumors that it is contemplating a 10 percent price increase to bring its price in line with ours. We don’t know its cost structure, so we don’t know whether its price increase is driven by rising costs or a strategic move to gain margin.Historically, when we both charge the same price, our market share is about 65 percent. When we charge a 10 percent premium over its price, our market share declines to about 60 percent. It appears that in those instances when it charges a 10 percent higher price than us, our market share is about 70 percent.Please provide a recommendation regarding whether we should maintain our current price or reduce our price to $79.95.…
- What are the supplier’s payment terms?Contract Management and Administration Q.4 a) Contract evaluations are of critical importance to the success of any procurement engagement. As a consultant in contract management, advise on the prerequisites and steps to be taken by the contract manager in ensuring this happens. b) Cavendish University Uganda is planning to procure an administrative building for its students and design a contract document for this task clearly showing the key requirements and how they should be executed.Explain the use of yield management in pricingdecisions.
- Did the company have the correct quantity of goods and services Pay for them?ABC Corporation does site work for large-scale industrial buildings. For a large multiyear project, ABC needs a certain type of excavator that would cost a fortune to own, maintain, and store over the winter months. Instead, ABC enters into a contract with Jacobs Machinery to use one of their machines for the duration of the project. Jacobs Machinery continues to own the excavator and charges ABC a monthly fee. Which pricing policy is ABC using in this scenario?As a seller, which of these contracts would you prefer? Whichcontract would ensure that you can maximize your profits andkeep your costs as low as possible? fixed price cost reimbursable time and materials
- Considering the situation of potential firms making agreements with incumbents within the framework of the basic assumptions of Bain's limit pricing theory, comprehensively evaluate the necessary explanations and explain the concept of "market entry" according to Bain..Question-2): Read the below scenario and answer: At the Clorox Company, many new products are developed in conjunction with supply partners. When the company wanted to develop a line of surface-protecting cleaning products, it partnered with specialty chemical companies to develop products that could protect surfaces as sensitive as Teflon. Discuss identification stage of procurement with reference to this scenario. Do you think the role of supply partners as Earlier Supplier Involvement (ESI)? Mention the keynotes from ESI that can be generalized to any buying organization.Mo a) Explain how you would obtain pricing from UKEP, given that you are an established distributor. b) Your eText identifies several types of discounts that suppliers are prepared to offer. Identify and describe them. Which discounts might be applicable to you c) Assuming 3 employees in your Purchasing department, prepare a Table with reasonable estimates of the activity costs of placing an order with UKEP ?