Establish a contractual agreement with preferred suppliers

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Reference no: EM133283107

Assignment:

Supplier relationships are becoming more and more prevalent as a result of the market's supply and demand uncertainty. In order to successfully satisfy client demand whenever it emerges, businesses seek to assure the supply of resources. In order to achieve this, companies have to establish a contractual agreement with their preferred suppliers. The business may utilize a variety of supplier contracts, and each one has benefits and drawbacks. Referring below 6 type of contract explain in detail each type with an example:

Fixed price
Cost Plus Fixed Fee (CPFF)
Fixed price incentive
Buyback
Quantity flexibility
Revenue sharing

Reference no: EM133283107

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