I am always looking for interesting things in the CPSM notes and I thought Promissory Estoppel was pretty impressive. The concept follows from British contracting law and generally speaks to one of the many points to consider when preparing contracts. This section has 29 pages with 8 types of "Fixed Prices". Most of these are definitional but quite a lot of material to cover.Coming back to promissory estoppel the key message is that an implied agreement can also result in conflict and disagreement. It is therefore important to spell everything out in writing so that things are clear going forward to contract implementation. The suggestion to follow verbal orders with written documents brought back some of the classic practical learnings I had in my early days after my MBA which basically taught me the same thing in the real world...
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February 13, 2008
Promissory Estoppel, Fixed Prices and preparing contracts
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- 1-A-2 Preparing for negotiations (3)
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- How Supply Managers should evaluate competitive offerings
- How Supply Managers Analyze Potential Sources of Goods and Services
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- Towards a Responsible Supply Chain: Develop and Monitor Environmentally Responsible Programs
Categories
- 1 C International_
- 1-A-1 Contracting and Negotiation
- 1-A-2 Preparing for negotiations
- 1-A-3 Conducting Negotiations
- 1-A-4 Preparation and issuance of contracts /purchase orders/agreements
- 1-A-5 Administer contracts/PO's from award to completion or termination
- 1-B Cost Finance
- 1-B-1 Prepare/administer supply management department budget
- 1-B-2 Cost management program strategies
- 1-B-3 Savings through spend analysis
- 1-B-4 Perform cost/benefit analyses on acquisions
- 1-B-5 Finance and leverage strategies
- 1-C-1 International sourcing -assessment
- 1-C-2 Develop international sources for materials and services
- 1-C-3 Develop and maintain documentation regarding cross-border transactions
- 1-D Social Responsibility
- 1-D-1 Social responsibility for supply function and suppliers
- 1-D-2 Environmental Responsibility -Establish and Monitor
- 1-D-3 Implement,monitor,promote organizational and supply chain policies and procedures.
- 1-E Sourcing
- 1-E-1 Analyze potential sources of goods or services
- 1-E-2 Evaluate competitive offerings for best offer
- 1-E-3 Plan and communicate supply strategy based on forecasted data
- 1-F Supplier Relationship Management
- 1-F-1 Rationalizing Supply Base-Opportunities and Benefits
- 1-F-2 Effective relationships with suppliers
- 1-F-3 Develop implement supplier diversity
- 1-F-4 Developing new supplier qualification plans
- 1-F-5 Supplier Performance Appraisal
- 2-A Forecasting
- 2-B Logistics
- 2-C Materials and Inventory Management
- 2-D Organization/Department Assessment
- 2-F Planning -Forecasting
- 2-F Product and Service Development
- 2-G Project Management
- 2-H Quality Management for Supply Managers
- 3-A-10 Market the value of supply management
- 3-A-11 Supply Management Organizational Structure
- 3-A-12 Hire,develop,train retain supply management
- 3-A-13
- 3-A-14 Conduct/authorize training for the professional development of staff
- 3-A-15 Develop/manage/measure relationships with internal departments
- 3-A-16 Develop criteria for supply managent performance
- 3-A-17 Role design
- 3-A-2 Develop and implement business plans..
- 3-A-3 Strategic supply plan and operating plan
- 3-A-4 Operating policies,control
- 3-A-5 Supply Management Policy
- 3-A-6 Participate in company acquisition,mergers and divestitures
- 3-A-7 Represent supply organization
- 3-A-8 Lead - participate in cross functional teams
- 3-A-9 Supply Management Policies and Procedures-Assessment,compliace and learning organization
- 3-B-1 Risk and Compliance-developing plans
- 3-B-2 Develop and implement a risk management program
- 3-B-3 Supply Management Processes and Legal Issues
- 3-B-4 Develop/implement/maintain database
- 3-B-5 Verify existence,accuracy and completeness of financial commitments to third parties
- 3-B-6 Assess risk for life-cycle and risk mitigation contingency plans
- 3-B-7 Storage disposal of hazardous materials
- 3-B-8 Preventing and responding to discrimination and harassment
- 3-C-1 Strategic sourcing sourcing planning and execution
- 3-C-2 Establish and standardize strategic sourcing procedures
- 3-C-3 Implementing technologies that support supply management
- 3-C-4 Indentification,execution of strategic change
- 3-C-5 Insourcing and Outsourcing
- 3-C-6 New systems to help sales goals
- 3A-1-1 Represent the supply management organization
- Books
- Bridge Exam
- Contracting and Negotiation
- Exam 1: Foundations of Supply Management
- Exam 2: Effective Supply Management Performance
- Exam 3 Leadership in Supply Management
- Exam Prep Tips
- Objectives
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