Learn about the types of procurement contracts, including fixed-price, cost-reimbursable, and time-and-materials, and explore key procurement strategies for success.
Shi K and Xiao T (2008) Coordination of a supply chain with a loss-averse retailer under two types of contracts. International Journal of Information and Decision Sciences 1(1):5-25.Shi K,Xiao T.Coordination of A Supply Chain with A Loss-averse Retailer Under Two Types of Contracts[J]....
deals with the specifics of supply agreement, its difference from other types of contracts used in goods and services delivering, as well as the use of supply agreement to regulate large-scale and long-term relations and relations between the branches of the economy and regions of the country....
Business owners can use this document to transfer their business assets and liabilities to another party in the event of a buyout. 27. Vendor service agreement These types of contracts in business are used when hiring vendors to provide products or services, clearly stating the conditions and...
Customer Relationship Management: It plans, controls and assesses customer interaction and data, during the lifecycle, with the aim of building strong relations. Customer Service Management: It assists in administering product and service contracts. ...
The final method of reducing internal resource risk is through sharing them. This is usually through the use of contracts, as commercial risks can be shared via these. Furthermore, the internal resource risk could also be minimized through more collaboration throughout the supply chain, as...
Services procurement, meanwhile, focuses on contracting labor and expertise, such as consulting, marketing services, facilities management and IT support. Service contracts tend to be more complex, with considerations for scope of work, service-level agreements and performance metrics. While goods ...
ERP Contracts: Top 5 types of ERP contracts and how they each differ depending upon different parties involved and arrangements
These types of contracts are primarily used in construction for projects where the owner reduces some of the contractor's risk related to expenses, thereby providing the contractor with a degree of flexibility. In such cases, the owner agrees to pay the contractor extra based on the contractor'...
Procurement is considered an integral part ofsupply chain management.1 Competitive Bidding and Procurement Different businesses and government agencies will have their own processes for choosing suppliers. This often involves multiple potential suppliers and some form ofcompetitive bidding. ...