Do you purchase aircraft material like it was 1995?
You throw out an offer ($$$), cross your fingers, and hope for the best.
You say to yourself, I know it’s 5% of the quoted price but let’s give it a good ‘ole try.
And try you do...
Your surplus aircraft material was sitting. Rotting. Wasting away on your shelves.
Slowly eating away at your operational results. Chomp. Chomp. Chomp.
Cash was being sucked down the surplus drain. And the only thing you could do was…
Price. How important is it to you? How often do you try and get the lowest price? I’m sure you’re thinking to yourself, “It’s incredibly important.” and “Every chance I get.” And that’s fair. It’s also common to ask how much something costs. Or to reduce the cost of something. We often use price and cost interchangeably. That’s a mistake.
Do you purchase aircraft material like it was 1995?
You throw out an offer ($$$), cross your fingers, and hope for the best.
You say to yourself, I know it’s 5% of the quoted price but let’s give it a good ‘ole try.
And try you do...
Inventory. It’s your best friend and worst enemy. Done right, it’ll give you what you want when you want it. Done wrong, it’ll waste time and money. Here are 11 common inventory mistakes you’re making and some tips to help you resolve them…
Do you like saving money? What if you could save more time and money right now. With one simple trick. You’d jump all over the chance. As a procurement professional, your goal is to save time and money. However, you’re frustrated. You deal with so much. There’s not enough time in the day. The demands on your operation are strong. From sourcing, procuring, chasing, and resolving problems, it’s tough.
Have you ever made a bad buying decision? Of course your have. You’re human. It’s frustrating, stressful and a waste of time, money and resources. You might not even know you’re making mistakes. You think everything is working perfectly. But secretly, everything's a mess. You’ve created a “bad” habit and habits are hard to break. Here’s a list of the mistakes and what you can do about them.
Buying is hard. You deal with constant demands: maintenance, coworkers, the unknown. Now throw in an AOG and chaos ensues. Despite everything you must do, you still have babysit your suppliers. There are things your supplier does that annoys you. They're human. Let's identify these top traits and find ways to correct them...