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What does indent sales mean?
An order with specified conditions that is placed by a buyer to a supplier through a local or foreign agent and which constitutes to a sale once the supplier agrees to the specifird conditions.
What is a shipper?
Usually, a drop shipper is a supplier that ships directly to the seller's customer. Example: You take an order from a customer and send it to your supplier to fill; the supplier then fills the order and ships it direct to your customer.
What is a drop shipper?
Usually, a drop shipper is a supplier that ships directly to the seller's customer. Example: You take an order from a customer and send it to your supplier to fill; the supplier then fills the order and ships it direct to your customer.
What is drop shipper?
Usually, a drop shipper is a supplier that ships directly to the seller's customer. Example: You take an order from a customer and send it to your supplier to fill; the supplier then fills the order and ships it direct to your customer.
How is supplier cost related to supplier price?
Supplier cost is usually lower than supplier price because once something has been bought, the supplier would mark up the price in order to make a profit.
What is an indent order?
An indent order is a purchase order that is issued by a buyer to a supplier when the buyer wants to procure goods or services that are not commonly available in their own market. The supplier then sources the requested items and delivers them to the buyer as per the specifications outlined in the indent order.
A purchase order is sent from a company's?
purchasing department to the supplier
What document generally binds a supplier to provide goods at a fixed price?
A purchase order typically binds a supplier to provide goods at a fixed price. This document outlines the specific terms of the transaction, including the quantity, price, and delivery details. Once accepted by the supplier, the purchase order serves as a legally binding agreement between the buyer and the supplier.
How does drop shipments affect turnover?
Should help increase inventory turnover because the inventory doesn't go into your plant and sit on your shelf. Supplier ships right to customer. Typically you get the customer order, and you maybe used to make the part but now you buy it, so you order from your supplier once you get order from customer and ask supplier to 'drop ship' direct to your customer.
What is direct shipment?
You [C] order from a supplier [B] but the goods are notsent from them but their supplier [A] -so goods sent from A to C directlyrather than from A to B then B to C
How edi works?
EDI works in such a way that a buyer prepares an order in his purchasing system. Upon approval, the EDI order is translated into an EDI document format. The EDI purchase order is then securely transmitted to the supplier via supplier's Value Added Network.
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