Battle of forms is one of those situations that is better of avoided in procurement given the amount of time it consumes with basically nothing much achieved for the parties involved. In order understand battle of forms and how to avoid it one has to look back into how contracts come into existence. Contracts start …
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Understanding what is misrepresentation is important in contractual agreements since this is one of the five main vitiating elements in a contract. During the negotiation phase of a contract there are statements made with an intention of getting the other party into the deal. These statements are referred to as representations. Representation is a statement …
Misrepresentation In Contract Law Does the Truth Really Matter Read More »
The zone of potential agreement (ZOPA) is an important concept when trying to figured out whether or not you stand a chance of getting a deal from the negotiation. Granted there are a number of aspects that will contribute to your success when negotiating but identifying the zone of potential agreement or ZOPA is key …
A practical look at the zone of potential agreement Read More »
Steps in tendering process will for the most part depend on the type of tendering process and what the organization intend to achieve. The first question we need to find an answer to before looking at the steps is what exactly tendering refers to. What is tendering? Tendering can be defined as; a purchasing procedure …
When it comes to legally binding agreement, the devil is often in the details. This is why it is important for one to understand the contractual terms, given that it is these terms that actually spell out the nature of the agreement. Do we need a fresh contract each time? Since drawing contracts can be …
Contractual terms are important and this becomes obvious whenever you define a contract. What is a contract? A contract is basically a legally binding agreement. The question is what exactly have you agreed to? In purchasing and supplies the agreement will for the most part depend on stakeholders’ needs, which is why you need to …
Successful negotiation means preparation and if, in fact, one succeeds in negotiation having had no prior plan, then that is an accidental result. That which cannot be duplicated with ease. What is negotiation? Negotiation is a discussion aimed at reaching an agreement. It can be looked at as a process through which parties move from …
4 factors for successful negotiations in business Read More »
Negotiation in sourcing process is important and the reason becomes so obvious once you realize that negotiation process presents an opportunity to actually get what you want. WHAT IS NEGOTIATION IN PROCUREMENT? Negotiation is a basic means of getting what you want from others. It’s a back-and-forth communication designed to reach an agreement when you …
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Ways to Increase your Profits through Value Chain or through any other way is one of those questions that you must have an answer to as a business person. Otherwise what you have is not business. In this post we are concerned with value chain specifically, what value chain consist of and how value chain …
Amazingly Easy Ways to Increase Your Profits through Value Chain Read More »
Purchasing and supply management is not an entirely new concept to most people. Take a look at the first part, purchasing. We all undertake purchasing, be it data for your phone, food, clothes etc. purchasing and supply management is one of those things you know hence you do not give it much thought. In business …
Purchasing and supply management important difference you must know Read More »
