Answer to Question #233994 in Management for Sukoluhle

Question

Assignment
(a) Describe the concepts and aims of counter/reciprocal/barter trade.
(b) Describe Counter trade transactions

1. Describe the legislative environment influencing corporate governance and social responsibility.
a. Identify fundamental issues in the Law of Contract
b. Describe the process of implementing a BEE programme in procurement

2. Describe the concepts and importance of good governance.
a. What is meant by sustainable development and how it impacts on the supply chain and the purchasing process.
b. Describe the special developmental initiatives being taken by the developing world.
c. Describe the impact of specific South African legislation and key government initiatives.
d. Explain the benefits and implications of developmental measures on the purchasing function.

3. Briefly describe how to calculate Preferential Procurement.
a. With reference to your organization outline analyze its policy on BEE procurement

Answer 1

Question a

Governments with restricted access to liquid cash might use countertrade to exchange products and services with other countries. Countertrade has several advantages, one of which is that it aids in the preservation of foreign money.

Question b

Countertrade is a bilateral international trade in which products and activities are transferred for other commodities and services rather than hard cash. In poor governments with insufficient foreign exchange or credit capabilities, this form of global commerce is increasingly prevalent.

Question 1

Majority shareholders, outside minority shareholders, internationalization or globalization, and the government through statutory regulation are four variables that might impact corporate governance performance in the form of pressure.

Question 1a

Only when an agreement meets the foundations of a contract, such as free consent, offer and rejection, compensation, and so on, does it become legally binding. Agreements are thus considered civil obligations since they are enforced under civil law once they have gained legality.

Question 2

Governance enables you to act for the greatest benefit of the company at all times. More precisely, it may boost the company's productivity, assist it in becoming more secure and efficient, and open up new doors. It has the potential to decrease hazards while allowing for faster and safer expansion. It can also help to boost one's reputation and build trust.

Question 2a

Sustainable development is defined as development that fulfils current demands without compromising subsequent generations ability to meet their own. To create a healthy supply chain, a firm must address ecological, social, economic, and legal complications across its production chain. Using a comprehensive approach, trash and ecological impact are reduced, while labour conditions, health and safety are improved, and worker abuse is avoided.

Question 2b

Schools, health care, and vaccines are all investments that result in healthy and educated individuals who become development agents. Economic policies that encourage business and entrepreneurship.

Question 2c

It supports the democratic principles of human dignity, equality, and freedom while enshrining the rights of all South Africans. While everyone has the right to enjoy freedoms, they also must uphold them. The legislative, the executive, the judiciary, and all other state institutions are all bound by the Bill of Rights.

Question 2d

Obtaining more products or services at no additional cost, increased efficiency, resource sharing, collaborative working, or shorter time to supply are all possible benefits.

Question 3

Supplier procurement cost is matched to supplier B-BBEE compliance to produce the Preferential Procurement scorecard. The scorecard can be generated using expenditures from a previous fiscal period or tracked in real-time.

Question 3a

Broad-based black economic empowerment (BEE) is a government strategy aimed at accelerating economic transformation and increasing the economic involvement of Black people (South African citizens of African, Coloured, and Indian descent) in the economy.

References

Bernadotte, C. F., & BEE, B. E. E. shame, 31 Civil society, 104, 146-148 Coalition for Epidemic Preparedness Innovations (CEPI), 233 Colonialism. Democracy, 217, 218.