In the Learning Activity “Supplier Relationship Philosophies: Three Approaches” you learned about...

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In the Learning Activity “Supplier Relationship Philosophies: Three Approaches” you learned about three negotiation philosophies. Watch the video in the Learning Activity “Negotiation Skills: 10 Tips.” Choose three skills from the video and relate each to the three negotiation philosophies. Elaborate as to why you think this skill is part of that specific negotiation philosophy. Which negotiation philosophy do you personally feel is the best? Why?

Video:https://www.youtube.com/watch?v=oy0MD2nsZVs&feature=emb_logo

supplier-relationship-philosophies-si5wbpn3.docx

Prateek · Accepted Answer

Overall, there are six relevant supplier relationship policies which includes the following:
a. Information security policy
b. Organization of Information Security Policy
c. Operations Security Policy
d. Communications Security Policy
e. Compliance Policy
f. Risk Management Policy
Three of these policies (in part) has been described below in details as per the requirements of this assignment:
1. Information security policy: Once a company enters a contract with its supplier, there should be clarity about the specific roles and responsibilities of each party, that is the company and the vendor. There should be a confidentiality agreement between the parties to the contract about the amount paid by the company for the goods and services received, their quantity and the mode of payment made, among others. Further the records that are provided by the supplier shall be reviewed by the company on a regular basis to avoid any fraudulent transactions.
2. Managing and review of supplier services: There should be a random audit supplier access for detections of any sort of violations, misuse, and assessment of need of goods and services. Further,

In the Learning Activity “Supplier Relationship Philosophies: Three Approaches” you learned about three negotiation philosophies. Watch the video in the Learning Activity “Negotiation Skills: 10...

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