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What is double sourcing?
Double sourcing is a procurement strategy where a company sources a particular product or service from two different suppliers simultaneously. This approach helps mitigate risks associated with supply chain disruptions, price volatility, and dependence on a single supplier. By diversifying suppliers, companies can enhance their negotiating power and ensure more consistent quality and availability of goods. Additionally, it fosters competition among suppliers, potentially leading to better pricing and service levels.
What is discount percent if sale price is 550 and marked price 500?
The answer should be -10% as the discount price 10% more than the original price.
What is the most recent price change item on marapets?
that always changes, there is the price change page you should go to to check the current change
How would you use the word surfeit in a sentence?
(There are several related uses for the word.) (excess, oversupply) A surfeit of suppliers led to huge inventories and steep drops in the price of cellular phones. (overindulgence) Lisa showed great surfeit when she ate all 15 of the pizzas.
A person lost 10 percent when he sold goods at Rs153 For how much should he sell them to gain 20 percent?
To solve this problem, we first need to find the cost price of the goods. If the person sold the goods for Rs153 and lost 10%, the selling price represents 90% of the cost price. Therefore, the cost price is Rs153 / 0.90 = Rs170. To calculate the selling price needed to gain 20%, we can use the formula: Selling Price = Cost Price + Profit. So, the selling price should be Rs170 + (20% of Rs170) = Rs170 + Rs34 = Rs204.
Describe vendor selection process and criteria within supply chain.Should unit price be used as the sole criterion for selecting suppliers?
The vendor selection process in supply chain involves identifying potential vendors, evaluating their capabilities, negotiating terms, and making a final selection based on specific criteria such as quality, lead time, reliability, cost, and service level agreements. While unit price is an important factor, it should not be the sole criterion for selecting suppliers as other factors like quality, reliability, and vendor reputation can have significant impacts on overall supply chain performance. A balanced approach that considers a combination of cost, quality, and other factors is recommended for effective vendor selection.
Why does the supply line slope and to the right?
Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units.
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
If the price of a product is above the equilibrium price what is the result?
suppliers produce more than consumers want to purchase and the suppliers end up with surpluses.
How would suppliers react to a price increase for a product?
Suppliers supply more of the goods as and when prices of that commodity increases.
What should I look for when selecting a spa resort?
When searching for a Spa resort you should inquire as to the ammenties that are includes. You shoud also ask about the price and what is included in the pricing.
How do you write a letter for asking price reduction from suppliers due to raw material reduction?
price reduce letter
How much should you pay for a good hardhat?
You should pay no more then $50. There are tons of great safety suppliers. Just compare them all for the best price. All the hats should be virtually the same from each company.
Suppliers usually set their price to cover what two factor?
your mom and dad
What is the tendency of suppliers to offer more of a good at higher price?
Law of Supply
Why are price floors and price ceilings posed?
if the market price imposed by suppliers are too high for consumers then the price ceilings are imposed....if the market price is too low for the producers then price floors is imposed.
List of causes of unfavorable direct material price variance?
1.rise in price. if price will be higher than the budgeted price then unfavourable 2.shortage of suppliers. this led to increase in price
