Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Concept explainers
Question
Chapter 9, Problem 3DQ
Summary Introduction
Interpretation:
Reason for failure of boilerplate terms and conditions to protect organization against some risk.
Concept Introduction: Purchasing process is a process which starts with demand of a good or service. Its aim is to get the good or service at the lowest cost with standard quality.
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What enables good contracting and negotiations?
What are the ethical considerations when entering into a no bid or non competitive contract?
How can an organization effectively manage sales and lease contracts to optimize revenue generation, minimize risk, and ensure compliance with legal and ethical standards?
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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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- One of the disadvantages of a contract manufacturer is the retention of market control. True or false?arrow_forwardHow can a sales or lease contract be effectively managed to ensure mutually beneficial outcomes for both parties involved?arrow_forwardIf you are asked to negotiate a contract to purchase IT software what would be your top 5 must haves in terms of contractual obligations on the supplier? Please do fast ASAP fastarrow_forward
- Explain why the first question a person should ask when getting ready to analyze a contract problem is, “is this alleged contract a contract for the sale of a good?”arrow_forwardWhat types of industries, beyond book publishing, are likely to find buy-back agreements effective?arrow_forwardWhat strategies can be implemented to effectively manage sales and lease contracts in order to maximize revenue and minimize legal risks?arrow_forward
- Consider contracts for make-to-stock systems. What are the advantages and disadvantages of each type of contract? Why would you select one over the others?arrow_forwardWhat's the difference between a standard commercial contract and an outsourcing contract? Which of the two is more important? Why? What elements should you take into account while forming a vendor selection team and its charter? Which of the eight steps in the vendor identification and selection process is the most important? Why? Justify your answer. The key areas of concern in recognizing and managing BPO expenses are the financial and strategic costs. Which is the more essential of the two? Justify your answer. What was the importance of the BPO industry during the COVID Pandemic of 2020?arrow_forwardDiscuss what are the types of guarantee that can be given under a contract of guarantee?arrow_forward
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