In the last part, when you mentioned "You will ask your buyer why they are awarding volumes to suppliers charging more price" I believe that is just plain stupid. You really cant tell until you examine each individual purchasing decision that the buyer made, using data to back up your concerns. I understand suppliers 1 and 2 had the lowest minimum price. That does not mean that for every quotation sought, suppliers 1 and 2 provided the least price. You have to account for the fact that figure of 100 for supplier 1 and 2 could have come because they offered that price once whereas most of the time, they have been offering higher end of that 100 to 500 range. Or that on average, all suppliers have been offering competitive prices and the lowest one gets the bid. Or that price is fluctuating for all suppliers based on market conditions and the economics of obtaining raw materials, changing import regulations, taxation etc. I didn't re-read what I wrote so apologize for word vomit.
Very insightful! Looking forward to your next video. Thank you very much
Much awaited series ,Thanks Gaurav
Pls start a series about this . Also would be really helpfull if you put up videos on should be costing or zero base costing
In the last part, when you mentioned "You will ask your buyer why they are awarding volumes to suppliers charging more price"
I believe that is just plain stupid. You really cant tell until you examine each individual purchasing decision that the buyer made, using data to back up your concerns. I understand suppliers 1 and 2 had the lowest minimum price. That does not mean that for every quotation sought, suppliers 1 and 2 provided the least price. You have to account for the fact that figure of 100 for supplier 1 and 2 could have come because they offered that price once whereas most of the time, they have been offering higher end of that 100 to 500 range. Or that on average, all suppliers have been offering competitive prices and the lowest one gets the bid. Or that price is fluctuating for all suppliers based on market conditions and the economics of obtaining raw materials, changing import regulations, taxation etc. I didn't re-read what I wrote so apologize for word vomit.