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The process ofprocurement (finding a supplier of materials of services) is vital to any company.
EXAMPLE: If you as a company make a product and out source the making of a screw to hold a widget to your product. You will want that screw at the the best price (better than you can make it) with a thread a certain specification, available and the supplier able to maintain that supply.
When selecting the screw supplier you will need to be comfortable that screws meet all the requirements, that the company has the ability to provide the volumes you want when YOU want them. IF you are dealing with a poor subcontractor the product you make may suffer because of their poor operation - YOU LOSE OUT in the market place
What else can I help you with?
What problems to find suppliers in China?
One of the most important problem is the supplier market is not transparent. Supplier database used in western countries, in China can't find it. When multinational companies to go to China, many people are faced with the first question is where to find a good supplier. We can be sure, there are many suppliers in China but can find a good supplier is a big problem.
Why is it important for the supplier of goods and service to have information about price elasticity of demand?
In that way the supplier of goods and services, will be able to know how many goods they must produce for the quantity demanded in the economy. They need to know how much price affects the consumers.
What is the difference between a bidder and supplier?
a bidder is a contractor or supplier,but, .......
Supplier price response to excess demand?
supplier would increase the price
How an expensive supplier with short lead time who is used as a backup for a low cost supplier with long lead times can result in higher profits than using only the low cost supplier?
Using an expensive supplier with a short lead time as a backup for a low-cost supplier can lead to higher profits by ensuring a more reliable supply chain. When the low-cost supplier experiences delays, the backup supplier can quickly fulfill orders, minimizing stockouts and lost sales. This flexibility allows the business to meet customer demand promptly, enhancing customer satisfaction and retention. Ultimately, the ability to maintain consistent product availability can outweigh the higher costs of the backup supplier, leading to increased revenue and profits.
What are the steps in the strategic sourcing process?
"Strategic Sourcing is a process that is important to any company. There are seven steps to this process, and the steps are as following: qualifying sourcing groups, selecting strategy and tactics, scanning and selecting suppliers, defining and planning techniques, tendering and negotiating, switching to a new supplier, and finally monitoring supplier performance."
What should be the most important consideration when selecting PFD?
When selecting a PFD, the most important consideration should be size.
When selecting a PFD what should be the most important consideration?
When selecting a PFD, the most important consideration should be size.
Should unit price be used as the sole criterion for selecting suppliers?
No, unit price should not be the sole criterion for selecting suppliers. While cost is important, other factors such as quality, reliability, delivery time, and supplier reputation also play crucial roles in ensuring a successful and sustainable relationship. Focusing solely on unit price can lead to compromises in quality or service, which may ultimately increase total costs. A balanced evaluation that considers multiple criteria will help in making more informed and effective supplier choices.
What are factors are important in selecting bowling?
weight, span and pitch must be considered in selecting a Bowling ball.
List the five most important factors that you will consider when selecting a system case?
List the five most important factors that you will consider when selecting a system case
What factors are important in selecting a bowling ball?
weight, span and pitch must be considered in selecting a bowling ball.
What options are available when selecting a pellet stove insert?
You would want to buy from a supplier who can instal it for you. You also want to chekc if you state is giving rebates for upgrading like that.
What are some tips for finding the right Hookah tobacco supplier?
Are you looking for a hookah lounge in Upland where you can taste the hookah of your choice? If any lounges can’t satisfy you, then you need to find the perfect hookah supplier for yourself! To make sure you are getting the best product for your money when looking for a hookah tobacco supplier, it is essential to take into account many factors. The following advice will help you choose the best hookah tobacco supplier: Quality: The quality of the tobacco is one of the most important factors to take into account when selecting a hookah tobacco supplier. Find vendors who offer fresh, high-quality tobacco with a robust flavor. Variety of Flavors: The supplier's selection of flavors is another crucial factor to take into account. To experience different flavors each time you smoke, find a supplier that offers a wide selection of flavors. Status of the Provider: The supplier's reputation is another crucial aspect to take into account. Select vendors who have a solid track record of satisfying customers' needs and expectations with premium tobacco. Customer evaluations: You can get a sense of the supplier's performance and product quality by reading customer reviews. To make sure you are getting the best product for your money, look for suppliers who have received favorable feedback from their clients. Cost: Another important consideration when selecting a hookah tobacco supplier is price. Look for vendors who can provide affordable products without sacrificing the quality of the tobacco. Customer service: When selecting a hookah tobacco supplier, excellent customer service is crucial. Look for suppliers who offer top-notch customer services, such as prompt delivery, simple returns, and responsive customer service. Finally, choosing the best hookah tobacco supplier is essential to getting the best value for your money. To ensure that you choose a supplier wisely, consider the aforementioned factors. If you fail to find the suppliers of your choice, then you may visit the famous smoke shop in Upland where they can fulfill your cravings.
What does it mean when you have a negative supplier balance?
A negative supplier balance indicates that a company has overpaid its supplier or has a credit balance with them, meaning the supplier owes the company money. This can occur due to returns, discounts, or prepayments for goods or services not yet received. It is important for the company to review its transactions to ensure accuracy and to communicate with the supplier regarding the balance. If unresolved, it can impact cash flow and supplier relations.
What is supplier relationships?
It refers to the connection between the supplier and the buyer.
Where can you find help selecting the correct incontinence product for your condition?
Ask your medical supplier for samples. If you are not yet using incontinence products, ask your doctor for a script so you can call companies.
