What recommendations should be made with respect to the

Question

Case 12-1 Loren Inc

1) What recommendations should be made with respect to the hexonic acid contract? Include a qualitative and quantitative analysis to justify your response.

2) Does it make sense to have multiple sources for materials such as this? How important is price in the awarding of this contract?

3) Should the second bid for Canchem be allowed to stand? Why or why not?

4) Do you believe the one bid policy of Loren to be a wise one? Why or why not?

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Answer 1

Consider the case named - Loren Inc and on that basis, respond to the following questions. Q1. What proposals must be made with respect to the hexonic acid contract? Comprise a qualitative and quantitative assessment to validate your response. Q2. Does it make sense to encompass multiple sources for materials such as this? Explain how significant is price in the awarding of this contract? Q3. Must the second bid for Canchem be allowed to stand? Explain why or why not? Q4. Do you consider the one bid policy of Loren to be a wise one? Explain why or why not?