2.0. FACTORS TO CONSIDER WHEN BUYING FROM ABROAD (Ng’holombi D.W. –BBA Procurement & Logistics Management, CPSP) 2.1. Identifying a Supplier: An international buyer, among other things to consider is where he or she is going to source his or her requirements. To many buyers especially who are starting this transaction, always suffer a lot of problems and some times they end into buying from unreliable suppliers. It is very important to put in mind that, identifying a supplier is a professional approach and the buyer is subjected to understanding various sources of information on different suppliers as to his or her requirements. 2”An important part of the work of a buyer, whether the buyer is operating in the domestic market or …show more content…
It is very important to determine the nature of products to be imported. The universe is composed of different climatic conditions, and some weather conditions can have an adverse reaction and effect on some products. When moving from one country to another the buyer must contemplate different conditions being; hot, cold, frost, rainfall, strong sunlight and cloudy weathers. Every product has its condition of nature for it to safely exist or being stored. Other products or materials have special natures in such a way that they need special care, otherwise they can waste and deteriorate. 4“It is important in both carriage and storage that, areas are clearly designated (and kept separate from each other) for each kind of risk. Vehicles carrying such goods and buildings storing them should be clearly labeled with the nature of the risk to ease the problems of dealing with service incidents. The labeling of the material itself should be considered in particular where similar containers are used for different materials, gases or liquid to reduce the chance of error” For example when one is importing vaccine, he/she should be aware that special temperature of say 00-40C is required to keep the vaccines viable. 2.4. Remoteness of the Source/Supplier. An International buyer should consider the distance between him or her and the intended supplier, and determine the trade-offs, which can arise for his decision of buying from abroad and not from his home
As Sheila Austin works out the decision to source from one of the two suppliers that have responded to her request for quotes for a new wiring harness for Autolink, she is faced with a decision to go with an international supplier in China, or from a local supplier. The initial look at the price quotes would steer towards the international source, but the underlying fees and costs associated with the international seller would make her think twice about accepting that deal. The in-depth analysis will steer her in the right decision to which supplier is the better candidate as well as how the cost per
All their suppliers range from small farming cooperatives to multinational corporations . They consider factors such as capacity, quality and cost when selecting companies to buy from. In addition, seek only to work with suppliers that can consistently meet standards and specifications and
d. Obtain and promptly deliver or tender to the buyer any document necessary to enable the buyer to obtain possession of the goods from the carrier.
Agent – a buyer (in this case a buyer in a foreign city that the factor has to manually locate)
The Seller is a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation as set forth in Schedule 2, with all requisite corporate power and authority to own, operate and lease its properties, and to carry on its business as now being conducted. The Seller is duly qualified to do business and is in good standing in each jurisdiction where the conduct of its business or the ownership of its property requires such qualification. The jurisdictions in which the Seller is qualified to do business are set forth in Schedule 2 hereto.
u. P2) This implies that the seller who intends to enter a contract with a customer has a duty to disclose exactly what the customer is buying and what the terms of the sale are.
| managerial approach of seller, capacity of seller to do the work, and ability of seller to make a reasonable make-or-buy decision.
conditions to ensure the ingredients are stored carefully and mixed in the correct quantities. FFL has
Do not store food in refrigerators or freezers used for chemical or biological storage. Refrigerators and freezers must be labeled "NO FOOD" or "FOOD ONLY - NO CHEMICALS" depending on the intended purpose of the equipment.
When you’re choosing a supplier, you’re not just choosing a particular product, but the people who push that product as well. Issues or late shipments are inevitable, but when those things happen, you want to feel confident that you’re working with professionals that will solve things quickly.
an export transaction between Canada and the United States, 2. an import of highly price-volatile commodities from Eastern Europe to Germany, 3. a component import transaction between affiliate companies operating in South America and Asia. TF Ch 1-14 Gaining the upper hand • Trade finance as a competitive advantage: Exporters can gain advantage by providing competitive financing as part of the sale • Increasingly, financing is expected by importers, and is part of the ‘price of entry’
: If you were a purchasing consultant hired by Pam, which cost effective method can you advice her to use in sourcing Dried floral globally.
There are some important issues to consider when dealing with intermediaries on an exporting process: First of all the company would need to identify the appropriate commission structure for compensating intermediaries, which sometimes might lead
The Foschini group defines local suppliers as those suppliers who deliver goods to at least one of the TFG’s distribution centres (Subsidiaries). International suppliers are defined as those suppliers who ship goods to TFG using one of group’s nominated courier companies and where ownership of the goods is transferred to TFG before delivery to one of the distribution centres.
However, these suppliers currently do not operate internationally thus posing a supply-chain problem for possible expansion into international areas.