The inflation rate now seems to be going down. What will you try first to handle new price announcements?

Accept any change.
Negotiate any increase to less than 5% increase.
Shop for a lower cost supplier.
Negotiate to postpone any increase.
Ask for a price reduction.

The Advantages of Purchasing Paperwork Reduction

Date: 06/14/2017

Many of the time consuming chores of good purchasing practices can be improved by smart use of the computer. Transactions can be sped up, many errors eliminated, and labor cost reduced. A computer program to generate purchase orders provides these advantages, but proper buying still requires human interaction. The computer program will not negotiate the best deal. Neither will it insert every terms and condition required for a particular purchase. A good program allows the inter action with the buyer who must decide which clauses to insert in the PO and which clauses to not include. Automation will not replace the human element in buying.

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Balasubramani M - Jun 15 2017 12:00 AM

The use technology is suitable for repetitive items especially MRO category ones and raw materials where the terms and conditions, prices are fixed for a period.Automation will free buyer from data entry and can concentrate on cost reduction,vendor consolidation and supply chain short comings.