The Real Cost of Low Price Suppliers: Final of a Four-Part Series of Case Studies Depicting Increased Cost Burdens Effected by Using ‘Low Bid’ MRO Suppliers
Published April 13, 2017
The process of selecting a MRO supplier based on “lowest bid price” is flawed in that the process results in a higher total cost to the company when MRO materials are consumed. In most companies, the procurement department is responsible for soliciting quotes [RFQ] for MRO materials, assessing the quotes, and selecting the suppliers. Although […]Read Full Post
The Real Cost of Low Price Suppliers; Third in a Series of Four Case Studies Depicting Increased Cost Burdens Effected by Using ‘Low Bid’ MRO Suppliers
Published April 4, 2017
The process of selecting a MRO supplier based on “lowest bid price” is flawed in that the process results in a higher total cost to the company when MRO materials are consumed. In most companies, the procurement department is responsible for soliciting quotes [RFQ] for MRO materials, assessing the quotes, and selecting the suppliers. Although […]Read Full Post
The Real Cost of Low Price Suppliers: Second in a Series of Four Case Studies Depicting Increased Cost Burdens Effected by Using ‘Low Bid’ MRO Inventory Suppliers
Published March 22, 2017
The process of selecting a MRO supplier based on “lowest bid price” is flawed in that the process results in a higher total cost to the company when MRO inventory materials are consumed. In most companies, the procurement department is responsible for soliciting quotes [RFQ] for MRO materials, assessing the quotes, and selecting the suppliers. […]Read Full Post
The Real Cost of Low Price Suppliers: First in a Series of Four Case Studies Depicting Increased Cost Burdens Effected by Using ‘Low Bid’ MRO Inventory Suppliers
Published March 13, 2017
The process of selecting a MRO supplier based on “lowest bid price” is flawed in that the process results in a higher total cost to the company when MRO inventory materials are consumed. In most companies, the procurement department is responsible for soliciting quotes [RFQ] for MRO materials, assessing the quotes, and selecting the suppliers. […]Read Full Post
Make No Mistake: Trying Something New in MRO is Worth the Risk
Published March 3, 2017
“A Person Who Never Makes a Mistake, Never Tried Anything New”– Albert Einstein. At a procurement expo and conference, 58 people visited our MRO presentation on the benefits of outsourcing management of the MRO supply chain. Of those 58, 27 expressed significant interest in outsourcing MRO inventory management to reduce operational costs and increase plant […]Read the full blog post at My Purchasing Center