The issue of short versus long-term contracts is also an important consideration during supplier selection. Using the
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The issue of short versus long-term contracts is also an important consideration during supplier selection. Using the following table, identify the potential advantages and disadvantages of short and longer-term contracts (not only as they relate to this case).
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ShortTerm Contracts Potential Advantages Increased Flexibility to changing conditions technology changes supplier cost improvements market changes sho...View the full answer
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Related Book For 
Purchasing and Supply Chain Management
ISBN: 978-1285869681
6th edition
Authors: Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
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