Company is under severe fund crisis. So company is taking too much time to process the invoice and not releasing the payments to the suppliers. Suppliers whose payment term is "30 days credit period" hasn't got money since 3/4 months. How do you deal with suppliers in such cases as a buyer?
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Hello all can someone share a template example of a supplier performance assesement review. i am in the field of FMCG looking under the RAU portfolio for all raw materials and i need to develop a template to measure my supplier performance in terms of delivery against supply requirement
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The political scene in the UK at the moment is fractious, the economic scene is too scary to think about. In a recent political panel discussion there was debate about the failure of the chancellors mini-budget to calm the nerves of the markets. A pro-government voice said that mistakes are to be embraced and learned from, whilst an opposition voice said that when an aeroplane is landing in high winds a mistake can be fatal. Putting all the politics and "mistakes" that kill people, aside no one wants them to happen, but mistakes happen. What mistakes have you made in your procurement life and what did you learn from them?
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(A) Technology, design, cost, co-development, quality, intellectual property, and risk management
(B) Delivery, cost, and quality
(C)Supplier contract and relationship
(D) The supplier's history with the buying company
Answered by 4 members
A. Contracting with multiple suppliers
B. Entering a joint venture
C. Focusing on full and open competition
D. Focusing on supply continuity
Can you identify the best option and can say why it is so?
Answered by 3 members
