How do you establish your company's purchasing budget?

By a given percentage change in total purchases.
By a percentage or fixed amount of price change for each item.
By the same percentage for all company wide cost.
By forecast from the buyer with approval.
Established by accounting department.
No budget established for purchases.

Nemcomed Wins Excellent Supplier Award for 2005

Year: 2005

Nemcomed, Inc. is the winner of the American Purchasing Society's Excellent Supplier Award for 2005. The award is based on the criteria mentioned above plus nominating letters from members. No negative comments were received from any member.

Nemcomed was founded in 1976. The firm develops and manufacturers precision medical devices, orthopedic hard goods, and orthopedic components.

Other finalists for the award in 2005 included Pacific Coast Chemicals Co., Gary Steel Division of Primary Steel, Inc., and Schaffner Enterprise.