In my opinion, it is best to have three or more products' suppliers. They need to give their price quotations to all the items needed in the company. In this way, you can able to compare the prices with the same items in table form. Once you plotted the information, then you can choose the best products and affordable prices.
How to purchase products for the company?
- Thread starter Shavkat
- Start date
Prices of the products to be purchased matters and at the same time, do not matters. The quality of the products matters a lot.
The sources at which you purchase your products matters because the company would not like to approve substandard products.
That is why a good purchasing officer who is not corrupted and have interest of the business in his heart is employed.
The sources at which you purchase your products matters because the company would not like to approve substandard products.
That is why a good purchasing officer who is not corrupted and have interest of the business in his heart is employed.
When it comes to purchasing products for a company, I would always look at the quality of the products and the price of the products after that. You want any products you purchase to be of good or high quality but you also do not want the products to be over priced as well as that can cause issues.
The more options you have to choose from the better in my opinion. This is because it will help you not to fall into the hand of monopolist.
When looking for suppliers, the company should look for reliable companies which offer high quality products at a reasonable price. It is always good to check out several suppliers for comparison.
This is one of the reason why making a very good research before you decide on choosing your supplier is very important because you're going to find out everything that you need to know about how they run their business.
Proper market research has to be done before you can purchase a product for a business.
This is something that I will do as well because it is going to give you a proper information on the supplier who is going to give you the best deal that others have to offer.
This is the best option. Reliable supplier with quality products and reasonable prices. Quality of the products matters most. We should not be looking for where cheap products could be gotten without considering the quality.
- Thread starter
- #12
When I had worked in logistics before, the team leader trained me not to avail products to a company that monopolizes the business. It was a great fun working with this person. He had taught me a lot at that time.
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There are many ways how to purchase products for the company. As a matter fact, he or she needs to know the existing suppliers. Then, he or she can study the flow of business transactions with them.
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One of the biggest mistakes you would make while running a business is to rely on one product supplier. There could be times where they would run out of stocks and a customer needs it urgently. You need to have more than one.
- Thread starter
- #15
I think they are really going to pursue globally. However, the business owner is monopolizing it in China at present.
