A sourcing manager completes negotiations for new business intelligence software, to be implemented by the company's fraud prevention department. The one-time licensing fee was originally quoted at $2,000,000, along with an 18% annual software maintenance fee. The sourcing manager was able to negotiate the license fee to $1,500,000.
What are the hard dollar savings for the first year?
Supplier X is awarded an exclusive contract by a resort chain to supply bulk peanuts for the chain's snack bars. A contract is signed with the term to begin in three months and extend for two years. Pricing per shipment is to be determined by the average monthly price for the previous month, less a fixed discount rate. Before any orders have been placed against this contract, the resort chain’s supply manager finds that other suppliers are offering deeper discounts. How, If at all, can the resort chain avoid its commitment to Supplier X and save money by buying elsewhere?
To better reflect commodity purchasing costs for its consumer automotive division, a firm separates inventory purchasing into "repairable parts" versus "consumable parts." This is an example of
Which of the following refers to a matrix that reflects the segmentation of spend based on an assessment of the value of the spend relative to the market risk to acquire?
TESTED 21 Nov 2024
