Question: A supply contract specifies the parameters governing the buyer - supplier relationship ( Chopra and Meindl, 2 0 1 6 : 4 5 8 -

A supply contract specifies the parameters governing the buyer-supplier relationship (Chopra and Meindl, 2016: 458-
460). Contracts also have a significant impact on the behaviour and performance of all stages in a supply chain.
Contracts must be designed to facilitate desirable supply chain outcomes by growing the supply chain surplus and
minimising the actions that hinder performance.
Discuss supply contracts and the different contracts which can be used for different types of products or components.

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