Purchasing and Supply Management Project 1 – Purchase Order Assessment Project O

Question

Purchasing and Supply Management

Project 1 – Purchase Order Assessment

Project Overview

For this assignment, you will define criteria for assessment of a purchase order agreement. Then, you will assess one. This will either be the purchase order agreement included with this assignment or a different agreement provided by your instructor.

Deliverable

Part 1: Purchase Order Assessment Criteria

•Using your textbook and what you have learned in class, develop a list of a minimum of ten criteria required for a complete purchase order agreement. Explain why each of the criteria is important.

Explanation / Answer

Criteria for a complete purchase order agreement are as follows:

Explanation:

It refers to the conformance of previous experience or capacity to deliver the product on time. Thus, it will reduce to probability of default in order.

Explanation:

Seller should agree with the order details. It helps in delivering right product of right quality.

Explanation:

It will avoid any action or penalty from the government side if laws are obeyed.

Explanation:

Conformance from the seller end ensures their acknowledgement.

Explanation:

It is a binding criteria so that time of delivery as committed is followed by the seller.

Explanation:

Company also owns the right to cancel the order if it is not according to the quality specification. It will cause seller to make sure to deliver the products accordingly.

Explanation:

Provisions should be in accordance with law to avoid any legal interruption.

Explanation:

All obligations to the government authorities are to be met.

Explanation:

All necessary clearance are taken.

Explanation:

Disclosure is mandatory as taxes are also paid.

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