Assume you are procurement manager for large manufacturing company, and you are in charge of all contracts related to the purchase of any material used in the company’s manufacturing process. The President of your company comes into your office Monday morning and hands you a 30 page written contract with Big Supply, Inc., which is one of your company’s main suppliers. The President explains to you that Big Supply is not delivering material under the contract on time and that is causing your company to miss its delivery deadlines.

Explain the process you would use to analyze this contractual issue