05 Feb LGMT 536 Purchasing for
LGMT 536 Purchasing for Logistics and Supply Chain Managers 6.2 – Questions Chapters 13, 14, & 15 Chapter 13: Negotiation and Conflict Management What do you understand Triangle Talk in a sourcing negotiation process. Discuss the importance of negotiation and the resources necessary for effective negotiation and planning execution. Chapter 14: Contract Management What do you understand by arbitration in the area of contract management and what are the various venues for arbitration settlements. Discuss when you would use a long term contract and when you would use a short term contract. Chapter 15: Purchasing Law and Ethics What do you understand by Uniform Commercial Code and its relationship with contract law. Discuss the importance of written ethics policy.
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