CORe Exam Dumps | EFG uses specialized components from Supplier A in the manufacture of state-of-the-art testing equipment.

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Question 124/151

EFG uses specialized components from Supplier A in the manufacture of state-of-the-art testing equipment.
Supplier A has been very successful in meeting EFG's stringent quality specifications, which has been critical for EFG.
EFG learns that Supplier A plans to acquire a smaller firm which makes components similar to those under contract with EFG. EFG is concerned that the supplier may transfer its contract to the new subsidiary, leading to compromises in quality. Given this situation, which of the following is the BEST course of action for EFG to take?

A. Negotiate with Supplier A to remove the changes clause from the contract

B. Negotiate with Supplier A to strengthen the indemnification clause in the contract

C. Negotiate with Supplier A to add a consent of assignment clause to the contract

D. Take no action, as Supplier A must supply the chips at the same quality level no matter who manufactures them

Correct Answer: C

* Understand the Acquisition Impact: Recognize the potential risks associated with Supplier A acquiring a smaller firm and possibly transferring contracts.
* Protect Quality Standards: Ensuring that EFG's stringent quality requirements are met is crucial.
* Consent of Assignment Clause: Adding this clause ensures that Supplier A cannot transfer the contract to another entity without EFG's consent, maintaining control over the quality.
* Negotiate Terms: Discuss and agree upon the specifics of this clause with Supplier A to safeguard EFG's interests.
References
* Monczka, R. M., Handfield, R. B., Giunipero, L. C., & Patterson, J. L. (2016). Purchasing and Supply Chain Management. Cengage Learning.
* Gattorna, J. (2015). Dynamic Supply Chains: Delivering Value Through People. Pearson.

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