Purchasing and Supply Chain Management
6th Edition
ISBN: 9781305809789
Author: MONCZKA
Publisher: Cengage
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Question
Chapter 14, Problem 14DQ
Summary Introduction
To explain: The implications of e-commerce on enforcing contracts and the possible venue for and if a conflict arises.
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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- Discuss the following question below: Is it always possible to implement an oral contract? Yes o No and Why?arrow_forwardWhat are the main differences between arbitration and mediation in negotiation? Briefly explain both!arrow_forwardWhat are the legal and ethical considerations in business negotiations, such as bargaining power, good faith, and disclosure requirements?arrow_forward
- 1arrow_forwardThink about a negotiation that might yield a win-win-win resolution. How would you get to a win-win-win solution?arrow_forwardKeeping in View of the Third-Party Negotiations (Mediation, Arbitration, Conciliation), Exemplify the Different Functions and Roles Employed in the Process.arrow_forward
- What are the legal requirements for creating a valid electronic contract and what are the challenges associated with enforcing these contracts?arrow_forwardAre current legal remedies for bad faith bargaining adequate to promote compliance with the LMRA’s goal of good faith bargaining? Why or why not? What recommendations would you suggest for improving compliance with the goal of promoting good faith bargaining?arrow_forwardDiscuss methods of contract avoidance, resolution and settlement of disputes. What do you think is the best method to resolve a contract dispute?arrow_forward
- If contracts are not well managed by the buying organisation could lead to adverse outcome. You are required to identify and discuss five (5) of these negative outcomes of poor management of contracts.arrow_forwardAfter reading chapter two of Essentials of Negotiations, you have learned about settlement ranges. Please provide an example of a negative settlement range and how you might try to overcome and still reach a deal.arrow_forwardWhat are some of the questions a negotiator should ask when attempting to assess the win-win (integrative) potential of a negotiation situationarrow_forward
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