Chapter 17 - Performance management Long-term performance...

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MANAGING PURCHASING AND SUPPLY CONTRACTS Ch 17
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OBJECTIVES Describe the concept of contract management Explain the different levels of contract management as part of supplier relationship management Identify the benefits of managing purchasing and supply contracts Explain the purchasing and supply risks that need to be managed with contract management Identify and explain the basic legal aspects associated with purchasing and supply contracts Suggest appropriate types of purchasing and supply contracts for specific circumstances
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QUESTION 1 1. Describe the concept of contract management. Page 280 – 281 Time Money Quality
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QUESTION 2 1. Explain the different levels of contract management as part of supplier relationship management. Page 282 – 284 Administration Compliance management
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Unformatted text preview: Performance management Long-term performance improvement QUESTION 3 1. Identify the benefits of managing purchasing and supply contracts. Page 284 QUESTION 4 1. Explain the purchasing and supply risks that need to be managed with contract management. Page 284 QUESTION 5 1. Identify and explain the basic legal aspects associated with purchasing and supply contracts. Page 284 – 289 Requirements of a legal contract of purchase and sale Mistake Reasons for invalid contracts Breach of contract Representation QUESTION 6 1. Identify the different types of purchasing and supply contracts and explain the main feature of each type. Page 289 Table 17.2 Fixed-price contracts Cost-based contracts...
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Chapter 17 - Performance management Long-term performance...

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