Strategies of Contract Acquisition

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Freshman (College 1st year) ・Business ・APA ・3 Sources

Acquisition contracts and planning plans covers the start of a planning to protest acquisition period. The main purpose of the competences is to evaluate important factors and decisions while creating a good contract (Angwin & Meadows, 2015). The value of the strategic decisions and their effect on the contract is the responsibility of contract managers to understand. The company would have to create a specific contract to establish the relation between the company and the contractor to formulate an effective acquisition strategy. Some of the things to be captured in the contract include the entire program scope as well as the responsibilities of every member involved in the contract.
“First Name, Last Name, Inc” uses the option to acquire structure strategy when engaging in any contract. The strategy addresses the target company needs to develop business as well as the desire by the buyer to identify growth and opportunities (Kerzner, 2013). To acquire the contract, the company will agree to the terms of the navy and will be forced to go an extra mile to defeat its competitors. This includes ensuring regular maintenance even after the application of the floor.
Smart pay can be defined as a lease to own a service that helps organizations to acquire the services needed and then pay for them over time. Some of the benefits the First Name, Last Name, Inc will enjoy from the smart pay include faster processes which will have high levels of confidentiality and security (Delmolino et al., 2016). Additionally, in the case of refunds, reprocessing the unclaimed salaries will be easy. Moreover, smart pay will provide the company with professional administration services that are needed to set up and to run the contract effectively. For instance, smart pay accounting will help the company to tailor the right package together this will lead to an increase in the earnings of the company. If the company needs to add some employees on the contract, the smart pay will ensure flexibility when it comes to the payrolls with minimum hassles.
The Navy will also enjoy some benefits from the smart pay as the payments will be made electronically which reduces the chances of errors during the payments. Different research works have indicated that electronic contracting is among the major leap forward when it comes to business technology for dealers. This is so because it provides business efficiencies that were difficult to achieve a few years ago. For instances, electronic contracting reduces the days to fund as well as the shipping bills and also ensures that every signature is accounted for.
Through smart pay, the navy will be able to verify different options easily. This gives them an opportunity to review the final terms of the contract before the company starts signing. It is through the smart play that the navy will be able to check the amount financed every supporting math as well as additional details concerning the contract (Delmolino et al., 2016). Moreover, when using smart pay, it is difficult to make mistakes as everything will easily be verified. Smart pay helps the navy to check easily, and double check all information and this saves them the time and hassle of sending incorrect contracts back and forth with aims of getting everything right. Even simple problems with a contract like missing signatures require companies to return to the dealership, and this leads to a CSI a headache for every person involved in the contract. Using smart pay will ensure that such mistakes do not happen.

References

Angwin, D. N., & Meadows, M. (2015). New integration strategies for post-acquisition management. Long Range Planning, 48(4), 235-251.
Delmolino, K., Arnett, M., Kosba, A., Miller, A., & Shi, E. (2016, February). Step by step towards creating a safe smart contract: Lessons and insights from a cryptocurrency lab. In International Conference on Financial Cryptography and Data Security (pp. 79-94). Springer Berlin Heidelberg.
Kerzner, H. (2013). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

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