Survey

What do you or your organization do when a price increase is announced by a supplier?

Accept the increase.
Shop for a lower price.
Meet with the supplier for justification or negotiation.
Depends on how much we expect to buy.

Do You Consider the Amount of Time Used When Buying?

Date: 11/08/2017

Author: Harry

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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