Posted in Community :
Manufacturing & Engineering Professionals
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Activity:
8 views;
last activity : 09 17 2010 10:45:26 +0000
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Transaction Costs
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Rationalization of Suppliers
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Ideas in:
"Component Cost Management"
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It brings down the transaction cost. Everything will be structured and time from
clerical to management from computer to paper as well as numerous hours of
equipment downtime.
the time taken from clerical to management from computer to paper as well as numerous hours of equipment downtime. |
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To get the best price for any component we should rationalize the supplier based on their performance.The business of bad performers should be switched to others who are good performers.Which results in the increase of business volume of some good suppliers and they will be in the postion to offer us competitive price |
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yes i agree with your view but i would like to add that sometime good input doesn't give the good output if the timing is not adequate.So to add value to supply chain one must ensure the procurement of quality material in right quantity at right time. |
As a autocomponent buyer i would like to invite latest ideas from all subject experts for component cost management |
Although i always prefer to amortize the cost but find good reason to choose other one also.If a company engages in such a business where stockout cost is very high then other option is better because in such case we can switch the business to other... |