Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Supplier Sourcing and Development; Contracting Risks and Arrangements - Assignment Example

Comments (0) Cite this document
These decisions take into account all stakeholders involved, evaluating and assessing their influence and impact on the likely decisions made. Before making any decision, it is…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.4% of users find it useful
Supplier Sourcing and Development; Contracting Risks and Arrangements
Read TextPreview

Extract of sample "Supplier Sourcing and Development; Contracting Risks and Arrangements"

Supplier Sourcing and Development Affiliation: Decisions are made at every level of business undertakings and management of business operations. These decisions take into account all stakeholders involved, evaluating and assessing their influence and impact on the likely decisions made. Before making any decision, it is fundamental to consider all influencing variables prior to the desired outcome. Decisions that involve make/buy or insource/outsource practices are critical in relation to the desired business outcome (Burt, Petcavage & Pinkerton, 2009). In making decisions related to these concepts, the important factors to consider are costs and benefits. The underlying decision must be evaluated in terms of its benefits and costs in relation to all business pursuits that should be undertaken. The benefits of make or insources and buy or outsource are critical to account for, alongside their relative costs. The most appropriate in terms of more benefits and lesser costs between make/buy and insource/outsource becomes integral to the decision made.
The contracting process that the federal government observes has its benefits and shortcomings. Specifically, socioeconomic programs, goals and quotas constitute both positive and negative impacts (Trent, 2007). On the positive side, the aforementioned aspects are designed to benefit the various sectors of the economy. To the stakeholders involved in the contracting processes, fairness and equal opportunities are provided for by the said aspects. All players have equal opportunities to the benefits provided for by the programs, goals, and quotas. On the other hand, negative impacts are realized. Bureaucracy encompasses federally mandated practices, lengthening contracting processes relative to industrial or commercial practices in the same line. Also, inadequacy of resources limits business interaction between the federal government and other stakeholders in that line.
Burt, D., Petcavage, D. & Pinkerton, R. (2009). Supply Management. New York: McGraw-Hill
Trent, R. (2007). Strategic Supply Management: Creating the Next Source of Competitive
Advantage. Michigan: J. Ross Publishing. Read More
Cite this document
  • APA
  • MLA
(“Supplier Sourcing and Development; Contracting Risks and Arrangements Assignment”, n.d.)
Supplier Sourcing and Development; Contracting Risks and Arrangements Assignment. Retrieved from
(Supplier Sourcing and Development; Contracting Risks and Arrangements Assignment)
Supplier Sourcing and Development; Contracting Risks and Arrangements Assignment.
“Supplier Sourcing and Development; Contracting Risks and Arrangements Assignment”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Supplier Sourcing and Development; Contracting Risks and Arrangements

Management Contracting

...that the required building requires innovation in both the design and construction phases. The different options available to the client are presented below including the design and build approach as well as the NEC3 approach to discern a fitting solution for the issue. 1. Design Build Approach The design and build approach to construction is a project delivery mechanism that relies on a single entity to design and then deliver the project to the customer. This approach stands in contrast to the design-bid-build approach and serves to use a single point of responsibility contract. This type of contract is construed to minimise the risks to the project owner and to reduce the delivery...
4 Pages(1000 words)Essay

Out sourcing

...came to called as off-shoring (work sent out to faraway countries). The usual jobs outsourced are either back-office functions (accounting, auditing, finance, human resources, legal, etc.) or those with front-office responsibilities like customer service, order taking, sales, etc. The term for it now is business process outsourcing (BPO) which is construed to mean services. Discussion Benefits of Outsourcing - The original rationale or justification for sub-contracting and later on BPO was to cut down costs. When a certain function is outsourced, the usual benefit is transforming fixed costs into variable costs. This lessens the need to invest in infrastructure to increase capacity and at the same time allows the...
4 Pages(1000 words)Essay

Commercial contracting

...claim compensation for the loss of a highly profitable contract. This loss was estimated at ?50,000 normally, whereas Holyfield plc had claimed ?100, 000. As per the decision in the Victoria Laundry case, Holyfield plc is entitled to claim only for the ordinary losses, and this is to the tune of ?50,000. Hence, Transco will be required to pay this amount in addition to the damages for the loss suffered by Holyfield plc, due to the extra payment made towards procuring widgets at a higher price. Bibliography A M Sheppard, Modern maritime law and risk management, (Routledge, 2007). H Lal, Hard times are ahead INTRODUCTION:: 2009 looks gloomy for all those involved in developing commercial...
24 Pages(6000 words)Essay

Supplier Relations

...?SUPPLIER RELATIONS Essence of supplier relations to Boeing A good supplier relationship is an important tool for reducing costs and inventories. Thelong term effect is therefore that companies who ensure and adhere to good relationship with suppliers can be assured of organizational growth and development. This is because whenever companies are able to ensure that they reduce their inventories and costs, they have more room to keeps lost of their incomes and go low on expenditure so that their balance sheets would reflect larger profits (Krippendorff, 2004). Generally, a good supplier relation can be described as one in which the company...
3 Pages(750 words)Research Paper

Electronic Contracting

...a lack of access by many of the world’s consumers to electronic contracting and a continuing effort to develop electronic infrastructure in order to extend this access to more people. The long-term impacts are quite attractive for businesses. Commercial contracts can in many ways be confined to cyberspace, thus allowing businesses to cut expenses by trimming redundant overhead. In addition, recordkeeping functions can be streamlined and operated more cost effectively. There are also greater opportunities for collaboration. Indeed, “Engineers, product designers and managers from different corners of the globe can collaborate to develop and manufacture new products in...
2 Pages(500 words)Essay

Strategic Sourcing

...suppliers are forced to suffer tough measures in order to establish a long term relationship of growth and development. From this reasoning, it easy to establish that majority of sourcing companies fails due to poor management systems by both parties. From (Jeffrey, Liker & Thomas, 107) It is clear that companies are devising strategic outsourcing to ensure that their businesses are running smoothly. In addition, these strategies are posing great opportunities that enable firms like Toyota and Honda avoid challenges that most businesses experienced in the present day. Strategic sourcing is an approach that organizations settle on in order to provide an ultimate solution...
4 Pages(1000 words)Assignment

Alternate Work Arrangements

...organizations to consider using alternative work arrangements? Explain how alternative work arrangements can address the problems/issues that are raised by these factors. There are three major factors that are influencing organizations to consider using alternative work arrangements, namely workers’ needs, expectations, and desires for greater flexibility in the workplace; fuel consumption and fuel costs related to commuting, and the impact of carbon footprint related to it; and the restrictive impact caused by the financial global crisis on the job opportunities. In the present age, when cost of living has increased tremendously, people not only need to have multiple...
2 Pages(500 words)Essay

Government Contracting use a firm fixed type contract because its application is realistic. Parties get the opportunity to negotiate a firm target cost and profit that will ensure that the contractor obtains a reasonable share of the potential risk. In addition, the contractor will be liable for the undertakings of the contract considering that he or she assumes a reasonable share of the cost responsibility. In the cost-reimbursement contract, the government retains the greatest risk for the contract. In addition, the government reimburses the contractor a reasonable amount of expenses plus the profit. On the other hand, the contractor accepts the greatest...
1 Pages(250 words)Coursework

Minority Supplier Development

... National Minority Suppliers Development Council 15th April Minority Supplier Development Minority Suppliers National Minority Suppliers Development Council is a body based in the United States of America that is entitled to enhance the businesses of the minority group. The minority being referred are individuals who are 25% Blacks, Hispanic, Asia-pacific, Asia-Indian, and Native Americans ("What Is an MBE?", n.p.). For one to be accredited as the minority, it has to be proven beyond reasonable doubt, that the person has origin from those areas. The company should be owned more than 50% by individuals from those regions and in case the company is public traded, then 51% of the stocks must be owned by them. The business being... ...
2 Pages(500 words)Essay

The Development of the Buyer/Supplier Relationship

...on the quality and effectiveness of the supply network. This has changed the traditional adversarial model of the buyer-supplier relationship, and fosters the reconfiguration and integrated management of the supply chain. Adding, competitive dynamics and current global competing models have encouraged the extension of traditional sourcing areas. In order to maintain competition, and to satisfy the knowledgeable end customer, suppliers must be completely aligned with the core company, its objectives and performances. This can be achieved through strategic benchmarking towards supplier development (David Blanchard, 2007). With a large number of...
12 Pages(3000 words)Dissertation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Supplier Sourcing and Development; Contracting Risks and Arrangements for FREE!

Contact Us