Fixed price and cost-plus and time-and-materials

Assignment Help Operation Management

Reference no: EM132199822

1. We studied three basic contract types: fixed price, cost-plus, and time-and-materials. Select ONE of those contract types, and briefly describe an advantage and a drawback if any, to a buyer using that type of contract.

2. Why is operations management relevant to managers in other organization functions? Base your discussion on your experience of operations within your organization or an organization with which you are familiar. For example, talk with the operations manager in your organization and find out what he/she says, what he/she does, and how he/she works with the organization including the marketing, financial, personnel, and purchasing functions.

Reference no: EM132199822

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