Entries tagged as Suppliers
Sourcing 101 part 3 - good companies gone bad?
Suppliers are one eager crowd to get noticed and get new buyers, right? In this world where new factories, trading companies and warehouses pop up every day, India, China, Bangladesh, Pakistan, Vietnam, Brazil – all present both great trading opportunities and sources of supplier fraud. In this article we’ll talk about some basic due diligence you can do avoid getting scammed and list some tools you can use to do it.
Comments: 3; Published: April 22, 2010; Permalink
Back to basics value proposition
Auto sales were one of the first hit by the economic crisis in 2009 and even such well known for their quality brands like Toyota and Honda were not exempt. The only company out of the top 5 car manufacturers not to follow this trend is Hyundai Motor, a company that only few years ago was mainly known for its so-so but affordable cars. The mere fact that Hyundai is in the top 5 speaks volumes about their commitment to succeed and to quality in particular.
Comments: 0; Published: January 20, 2010; Permalink
Sourcing 101 Series Part 2 – Sourcing Agents
We discussed the nature of being a sourcing agent with Martin Brooke, managing principal in Direct Supply Management. During our interview I was asking Martin series of questions about the nature of his work and how he sees the role and the value brought about by a sourcing agent today. This is part 2 of our conversation (read Part 1)
Comments: 0; Published: November 27, 2009; Permalink
Sourcing 101 Series – Sourcing Agents Part 1
The nature of trade has dramatically changed over the last 20 years with the arrival of internet, the fall of the Berlin wall and the rise of China and India to prominence. These changes contributed to shifts in purchasing profession, one example being arrival of sourcing agents. We discussed the changing nature of the job with Martin Brooke, principal consultant in Direct Supply Management. Martin spent 22 years of his carrier in the industrial fastener and hardware industries and held various sourcing positions in purchasing organizations of Fortune 500 and Forbes 100 Manufacturers and Distribution companies.
Comments: 0; Published: November 24, 2009; Permalink
Take Control of Freight Costs
I always like to control freight costs. Whether an express shipment company, an LTL or TL carrier, or 3PL, I think it is important to control the cost of freight and indicate freight collect terms with suppliers. In addition to negotiation with carriers (an underutilized negotiation) it helps in freight claims, not matter the FOB point. Always consider the leverage.
Comments: 1; Published: November 17, 2009; Permalink