Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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List the important items that should be included when entering into a long-term contract (e.g., more than one year) with a supplier?
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- Describe how an organization could use the 7-step supplier selection process to identify and manage new suppliersarrow_forwardYou are a Supply Chain Procurement Manager working for a large manufacturing company located in North America. Recently, you have found out that one of your suppliers is in contravention of your company’s standards of engagement because they are employing persons aged 14 to 16 years of age. Whilst you would prefer to end the business relationship with this supplier immediately, you have to weigh up the ethical issues with the commercial considerations including; the low cost of the supplies and the history of reliability of delivery from this supplier. Required: Based on your knowledge of corporate social responsibility, as well as supply chain logistics, what is the best course of action in this situation? Discuss.arrow_forwardExplain what are the advantages of using a supplier? When choosing a supplier what considerations should be considered?arrow_forward
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