Buying Stuff
Saving Money
Protecting the Company
Rando
June
100
When buying a new car, what you should do before making a final decision and purchasing.
What is research? (where to buy, who has inventory, prices)
You always want to know what you’re going to buy, what your budget is, what features you want, when you want it, how you want it delivered, if you’re getting the best price, how you’re going to pay…etc.
100
What you do when buying souvenirs in Mexico or Jamaica.
What is negotiating (or haggling)?
NEVER accept the first price – you can always ask them to come down, and the worst they can say is no, and then you have a choice to make. Do you really need that 49ers poncho?
100
Things people almost never read when signing up for a service…
What are terms and conditions? (or end user license agreement)
Buried in section 57.10 of Amazon’s terms of service, about the acceptable safe use of lumberyard materials, the online marketplace has stashed a clause that negates the whole section should the zombie apocalypse take place. Of course, they have a broader legalese way of stipulating such an event:
“However, this restriction will not apply in the event of the occurrence (certified by the United States Centers for Disease Control or successor body) of a widespread viral infection transmitted via bites or contact with bodily fluids that causes human corpses to reanimate and seek to consume living human flesh, blood, brain or nerve tissue and is likely to result in the fall of organized civilization.”
100
Canadian-born Father of 2 with wife Karen, he has global sourcing experience across Consumer Goods, Retail and Technology along with 6 years at Visa.
Who is Mithun Sharma, Chief Procurement Officer?
100
Celebration of the power, resilience, and creativity of African American music and culture.
What is Black Music Month?
200
This rainforest makes it too easy to have stuff sent straight to your home…and now I have packages arriving almost weekly.
What is Amazon?
200
What you do when you review your cell bill and notice you've been overcharged by $100.
What is ask for a refund or adjustment?
It’s incredibly important to pay attention to what you’re being charged. By recovering costs, you’re putting money back into your wallet to be spent elsewhere.
200
One of the biggest threats a company may face as a digital commerce enabler
What is hacking? (cybersecurity threats)
If networks gets hacked, global economies are impacted, brand credibility is loss, potential fines and revenue loss. Risk assessments are a MUST before work happens to ensure clarity on who has access to what when working with suppliers.
200
Symbol on Visa’s hologram found on credit and debit cards…
What is a dove?
200
Monthly celebration of proud colorful flag baring community members inspired by the 1969 Stonewall riots.
What is PRIDE Month?
300
Visa's 4 major sponsorships
What are the Olympics, FIFA, NFL and Visa Cash App Redbull Car (VCARB)?
300
Example below is used to evaluate the financials of a scope of work or work statement.
What is a rate card?
A rate card is a negotiated to lock in prices for repeatable services. FYI, we should NEVER EVER pay an account executive to do PowerPoint deck design…
300
Document two parties agree on and can be referenced in a court of law in case of dispute.
What is a contract? (governing agreement, scope of work or work statement)
To ensure protection and document services and fees, supplier contracts - governing agreement and scope of work (SOW)/work statement (WS) - are negotiated to cover business engagement.
300
These 3 FINtern Committee members are Fridays and Socials leads and former FINterns themselves.
Who are Becky (Liu), Joe (O'Malley), and Uche (Uzebu)?
300
#2 at the box office flix featuring the hottest cop duo in this 4th installment where they still can't get the song right!
What is Bad Boys: Ride or Die?
400
Online auction tool first popular in the late 1900s, and now people bid on random stuff, from fossilized shark teeth to Cheetos shaped like Harambe.
What is Ebay?
This is known as an electronic auction (e-auction). Sourcing technique used to drive competition between suppliers on specific lots of desired goods or services. This Cheeto literally sold for $100k.
400
Three bids came back on Task Rabbit to put your IKEA shelves together in time for your guest arriving in 48 hours, who do you go with?
What is Simona's Shelf Superstars?
Even though it may cost a little more than Ayo’s, the next day service and the reviews may lead you to choose them. It’s important to take in all factors when making a purchase, price is just one criteria. You also saved $10!
400
In case something goes wrong like getting into a car accident or falling on a businesses property, always negotiate this clause into contracts.
What is insurance?
To protect a business, ensure suppliers have the right amount of insurance in place – negotiated during governing agreement review.
400
5 major Regions the company splits into.
What is AsiaPac/AP/APAC, CEMEA, LAC, NA and Europe?
400
Day in June and celebration of enslaved Texans learning Lincoln had emancipated them 2 years prior.
What is Juneteenth, June 19, 1865?
500
Online platform allows Karens to leave feedback on service at restaurants and other places of service.
What is Yelp?
Providing constructive feedback to suppliers can help strengthen a relationship, making Visa the customer of choice and holding them to meeting and exceeding expectations. Done the right way, we can drive innovation, efficiencies and delivery excellence. This is known as Supplier Management.
500
If 1 avocado costs $3, and there’s a 2 for $5 deal, and you need 8 to make avocado toast…how much will you spend and how much will you save?
What is you will spend $20, and save $4?
Without the deal it would have been $24.
500
Name, Address, Personal Account Number, Income, and Social Security Number are all examples of...
What is Personal/Private information?
Before sharing personal or private information with suppliers, the right contract language should be implemented to protect how suppliers manage and use the information.
500
Hands down, the best Finance sub-function at Visa…
What is Global Sourcing/Procurement?
You said it, not me!
500
1st day of Summer and the start of the Summer Solstice, the longest day of the year.
What is June 20th?