Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 9, Problem 3.3Q
Summary Introduction
Case Summary:A spend analysis of C’s gate sports camp is provided and looking for a new contract for outside catering. A tender invite was sent and attracted six catering companies for bidding. For finalizing catering tender, food quality score and delivery risk score was awarded to each company.
Interpretation:It is to be determined which company should be chosen for outside catering contract.
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Chapter 9 Solutions
Practical Operations Management
Ch. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 1PCh. 9 - Prob. 2PCh. 9 - Prob. 3PCh. 9 - Prob. 4PCh. 9 - Prob. 5PCh. 9 - Prob. 6P
Ch. 9 - Prob. 7PCh. 9 - Prob. 8PCh. 9 - Prob. 9PCh. 9 - Prob. 10PCh. 9 - Prob. 11PCh. 9 - Prob. 12PCh. 9 - Prob. 13PCh. 9 - Prob. 14PCh. 9 - Prob. 15PCh. 9 - Prob. 16PCh. 9 - Prob. 17PCh. 9 - Prob. 18PCh. 9 - Prob. 19PCh. 9 - Prob. 20PCh. 9 - Prob. 21PCh. 9 - Prob. 22PCh. 9 - Prob. 23PCh. 9 - Prob. 24PCh. 9 - Prob. 1.1QCh. 9 - Prob. 1.2QCh. 9 - Prob. 1.3QCh. 9 - Prob. 2.1QCh. 9 - Prob. 2.2QCh. 9 - Prob. 2.3QCh. 9 - Prob. 2.4QCh. 9 - Prob. 2.5QCh. 9 - Prob. 3.1QCh. 9 - Prob. 3.2QCh. 9 - Prob. 3.3Q
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- What is the method of determining the final contract price?arrow_forwardwhat are the main type of contracts if you decide to outsource ? what are the advantages and disadvantages of each?arrow_forwardWhat are the factors that affect Options contracts? Which is the most and least significant of the factors?arrow_forward
- 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 materialsarrow_forwardWhat items should [or should not] be included in a letter of offer?arrow_forwardWhat are the most important risks managers face if they sign an agreement with their competitors which sdpecifies the prices the firms will charge? a. They may go to prison or face a serious fine. b. Other firms may ignore the agreement. c. Other firms in the industry may retaliate. d. Their elasticity of demand will be less elastic at the higher price. e. There is no important risk in signing such an agreement and it will lead to larger profits.arrow_forward
- What is the significant difference between cost-plus contracts and fixed-price contracts?arrow_forwardProduct should have exchange value and must be capable of being exchanged between seller and buyer for a mutually a. Agreed price b. Exchange Value c. Value satisfaction d. None of these.arrow_forwardConsidering 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..arrow_forward
- What is the difference between a competitive bid and a negotiated price?arrow_forwardWhile developing the procurement strategy, the project manager requests that you use a contract type that will obligate the seller to accept all cost overruns, errors, and consequential damages in the project. Which of the following contract type will you select? a. Time and Materials b. Fixed Price c. Best Price d. Cost Reimbursablearrow_forwardIf you are the project manager for a medical health services project and you need to procure medical supplies for the project, however after you have developed a contract and agreed with the local pharmaceutical company they send you correspondence that the prices have changed What would happen if the contract was not signed by the buyer and the seller?arrow_forward
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