Survey

As a buyer for business, on the average of your top five suppliers, click on which one of the four choices below do you use to qualify those suppliers?

Evaluate supplier's financial statments and visit facilities.
Meet supplier's top executives and sales people in person.
Friendly with phone order clerk and read quality & on time delivery report.
None of the above.

Do You Consider the Amount of Time Used When Buying?

Date: 01/02/2019

Author: H.E. Hough

Most purchasing operations only compare bids from one to three suppliers. In practice, buyers may not get competitive quotes for small quantities of low cost items, but they should shop more when the investment required is high. How much more time they spend with many suppliers should depend on the cost of their time compared with the potential savings obtained. But how many buyers compare their time to the amount of the potential cost savings. Do you accurately measure and compare your time spent with the savings obtained?




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