Vendor Selection
The time between order and arrival of shipment is called delivery time.
True or false
False its a lead time
The ultimate goal of vendor selection is to find the one that offer the best_________________.
Value
Give ne 3 communication methods with vendor.
telephone
face to face
online ordering
Give me an example of Reciprocal Buying.
I buy from you if you buy from me
Mention three factors that Perceived value is directly related to.
o Product quality
o Additional services (referred to as supplier services or support functions)
o Cost of the product
What are some advantages of dealing with large purveyor instead of small one?
o Adequate inventories
o Ability to meet your needs
What is the criteria in which a driver takes inventory of what you have, then takes off the truck enough product to bring you up to some predetermined par stock, which is enough stock to last?
Standing Order
Edible portion (EP) cost is servable or usable cost.
True or False
True
What is will-call buying?
Will-call (i.e., cash and carry) buying
Give me an example of Vendor’s Consulting Support.
o Source of product information
o Networking source
o When buying equipment, vendor may help with health and/or building permits.
Better to pay higher AP if it results in lower EP.
True or False
True
How important is compatibility with the vendor to a chef?
You should get comfortable with the supplier or the company he represents to succeed in the service industry. In addition, when you face a serious problem with one of your orders or a significant misunderstanding , a good chemistry will help resolve the situation.
What is restocking fee?
is a fee charged to a customer when merchandise is returned for a refund.is a fee charged to a customer when merchandise is returned for a refund.
Value of the product is only the As-purchased (AP).
True False
False
What is the potential disadvantage of buying from farmers' markets?
it is not easy to return products, there is no delivery schedule.
Payment issues; farmers' markets accept only cash.
Safety concerns: What farmers do is bring the farm produce directly from the farm to the market. But food sold at grocery stores is often screened by regulatory agencies for contamination.