Purchasing is a technical work. The purchasing staff should focus on the details from the general point of view. How to improve the quality of purchasing and control the cost of purchasing are the concerns of many people. The methods of reducing the cost of purchasing collected today are hoped to be helpful to the purchasing staff of foundry industry.

 

1. Check Price

Whatever kind of material you purchase, be familiar with its price composition before purchasing, understand the raw material source price of the finished product produced by your supplier, and lay the foundation for your accurate price verification. On this basis, purposeful negotiation, so as to know one another and win a hundred battles.

2. Sources of information

Today's society is an electronic equipment, as a purchaser, we should collect material procurement information in different ways, such as geographical differences. Therefore, procurement personnel must collect more procurement information sources, analysis and comparison.

3. Choosing a supplier suitable for the development of your company

There is an old Chinese saying, "Men are afraid to enter the wrong profession, women are afraid to marry the wrong man" to develop suppliers. A good supplier can follow your common development, make suggestions for your development, save costs, and manage suppliers with ease. A bad supplier brings a lot of trouble for your supply management. (To judge a good supplier, I think we should consider its quality, price, service, technical strength, adaptability and so on.)

 

4. Negotiation Skills of Purchasers

Negotiation skills of purchasing staff are also an important part of controlling purchase cost. A good bargainer will bring at least 5% profit margin to your purchasing.

5. Bulk Purchase

Everyone knows the importance of bulk procurement. The larger the volume, the lower the amortized cost. Purchasing planners need to take care of this.

6. Establishing Purchasing Credit of Enterprises

Terms must be enforced according to the contract. If payment is made, you can delay it once or twice, but you must not make it a third time. Loss of integrity, let alone cost control, may not be the goods to you.

7. Establish monthly supplier scoring system

Establishing a monthly supplier rating system (starting from three aspects of quality, price and service) and implementing a supplier quota system will achieve unexpected results.

8. Establishment of monthly performance evaluation system for purchasing personnel

It can not only stimulate the enthusiasm of procurement personnel, but also is an effective means to prevent the bribery of procurement personnel.

9. Effective control of procurement inventory to avoid the risk of stopping production and backlog of materials, invisibly control the procurement costs of their own enterprises.