Purchasing and Supply Chain Management
6th Edition
ISBN: 9781305809789
Author: MONCZKA
Publisher: Cengage
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Chapter 14, Problem 13DQ
Summary Introduction
To explain: The different venues available for arbitration settlements.
Contract management:
It is the management of contract creation, analysis and execution to maximize the operational and financial performance while reducing the risks involved. In order for contract management to be successful, both parties involved in the contract must be flexible towards changing circumstances.
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Chapter 14 Solutions
Purchasing and Supply Chain Management
Ch. 14 - Where do you believe buyers spend most of their...Ch. 14 - What are the risks to buyers associated with each...Ch. 14 - What are the risks to suppliers associated with...Ch. 14 - Prob. 5DQCh. 14 - Prob. 6DQCh. 14 - Why do consultants typically want to avoid...Ch. 14 - Under what conditions are short-term contracts...Ch. 14 - Certain industries, such as the computer industry,...Ch. 14 - What are the implications for contract writing as...Ch. 14 - What are the dangers associated with taking an old...
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- What are the different methods of resolving the disputes and the method’s advantages?arrow_forwardWhat are the key elements of a legally binding contract, and how can parties ensure that their agreement meets these requirements?arrow_forwardDiscuss the different forms of alternative dispute resolution, including mediation and arbitration, and how they can be used to resolve business disputes outside of court.arrow_forward
- A process whereby you and your broker present the two sides of the argument before an arbitration panel, which then decides how the case will be resolved.arrow_forwardCan you please explain the meaning of a win-win negotiation and its characteristics?arrow_forwardWhat are some of the main types of contracts that businesses may enter into, and what are the key elements that must be included in these agreements to ensure their validity?arrow_forward
- How can parties protect their intellectual property rights in contracts, and what are the implications of including non-compete and confidentiality clauses in these agreements?arrow_forwardWhat are the most common types of business contracts, and what are the key elements that must be included in these agreements to ensure their legality and enforceability?arrow_forwardName one disadvantage of using arbitration to settle labor disputes and explain your reasoning.arrow_forward
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