Standard Purchasing Conditions - Feb 2019 | Take the Quiz

A detailed and professional representation of a supply chain process, showcasing terms and conditions, contracts, and a dynamic business environment with visual elements representing auditing and contract agreements.

Master the Standard Purchasing Conditions

Test your knowledge of H&M's Standard Purchasing Conditions and ensure you're well-versed in the necessary contractual agreements!

Prepare for the quiz with the following key points:

Understand the implications of supplier agreements.
Know the timelines for order confirmations and audits.
Familiarize yourself with potential consequences of contractual disputes.

15 Questions4 MinutesCreated by ReviewingTree101

If a supplier has signed H&M SPC, can I sign their T&C they want H&M to sign? (T&C terms & conditions) (1)

Yes, if supplier lower their prices

No, I cannot sign both contracts that may overlap on eachother

Yes, it is easier for both

No, H&M cannot agree to suppliers conditions

When sigining SPC, suppliers automatically agrees to its annex documents (multi):

When it is stated “Buyer” in the SPC, who is this referring to? (1)

The company H&M - so anyone with "H&M" in its signature

The buyer who is responsible for the contract

Ingela Head of NCGP

SPC it is stated that supplier need to confirm the order in supplier portal within….(1)

Who has the right to make an audit at supplier premises? (multi)

FCA incoterm clarifies that risk of damage to or loss of the Goods pass to the Buyer (1)

Upon delivery to the store/ split point/ DC

Upon pick up at supplier

When goods leave the port with transporter

Only Mattias Tell knows

If any Goods supplied are not in accordance with the Purchase Order or the warranties given by the Supplier, the buyer are entitled to (multi)

Cancel the whole purchase order; or ask for replacement wihin 7 days

Claim 5 % extra on top of the order value

Receive discount on next coming order

Get a discount on this order

Repair the Goods Him/her self. That what happens with cheap products

Supplier has the right to modify contracted prices, : (1)

When customs increases (like Trumps 25%)

When raw material increases more than 50%

If agreed prices are too low and supplier is losing on it

Every 1st of January

When the pigs will fly

In case of dispute, which institution is reference (1)

Arbitration Institute of the Stockholm Chamber of Commerce

Stockholms tingsrätt - Stockholm's District Court

European Court of Justice (ECJ) in Luxemburg

Any arbitration or court when H&M has official Office

Plaintiff party decides, and H&M prefers Arbitration Institute of the Stockholm

The Supreme Court

If the buyer rejects or terminates a Purchase Order, can the supplier sell the goods to a third party? (1)

No, we don't want Zara to buy our interior

Yes, with buyers written approval

Yes, but only Leftovers products

We cannot terminate Purchase Order

When supplier is not delivering Order on time, Buyer has the right to (multi)

Ask supplier to reimburse costs related to delays such as express transporation or storage

Charge supplier up to 5% of the order value each day of delay

Oblige supplier to take a Delivery Control training

Avoid confrontation, we have enough problems already

Not pay for this order

Supplier can delay or cancel a confirmed order (multi)

Up on mutual agreement with Buyer

At no cost in case of floods or explosions

At no cost in case of civil disturbance or requisition

Only if communicated in Delivery Control

I can modify SPC

Because they are too complicated

FCA Incoterm to EXW, DDP, or other

Why modify SPC when 200 suppliers have signed it with no appendix?

I can add appendix with Legal dpt if business required

To extend payment terms over 60 days

After supplier has signed it

So supplier are happy and can sign it

Standard Purchasing Conditions - Feb 2019

Master the Standard Purchasing Conditions

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