Please identify a professional area of interest to you in procurement and contract management (e.g., a specific non-profit organization such as the federal government agency or an educational institution; or a specific profit-making organization). For the setting you have selected, please also identify at least two types of suppliers with whom you might regularly deal. What specific risks might you envision in successfully negotiating a contract with these suppliers?
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Purchaser for Nordstrom's. This requires procurement of clothing, shoes, accessories, and fashion-related items.
1) Wholesalers. Contracts with wholesalers are required to fulfill inventory demands. Unique to this type of purchaser is the requirement to analyze all available options, as fashion changes and you cannot be stuck trying to move inventory no one will buy.
2) Outlets. Excess inventory that cannot be sold are usually given to outlet shops at a great discount.
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