September 2022

Speculative Purchasing – The Problem (2)

One issue supporting speculative purchasing strongly in a panel shop is an urgent project request. The ideal supported is, “There should be enough components available to assemble one standard panel.” Most major components can be acquired quickly. The caveat on acquisitions occurred strongly soon after the 2020 pandemic started. There were signs of material availability

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Speculative Purchasing – Inspection (3)

The Requisition program was designed to do all of the work prior to issuing purchase orders. Issues to consider for purchase orders: Supplier Cost Correct component information – manufacturer, model, and description Supplier: A multitude of suppliers represent the same products. Establishing good working relationships with preferred suppliers helps with ensuring purchase order accuracy. Cost:

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