Factoring, why do it?

Factoring, why do it?

In first world countries, credit ratings are transparent, allowing enterprises access to overdrafts, extended credit limits and payment terms or various forms of finance from financial institutions. In developing countries, this is not necessarily the case.

Supply Chain Solutions No.35 – Procurement Fraud

Supply Chain Solutions No.35 – Procurement Fraud

Sourcing from Asian suppliers generally leads to various ways to incentivise the sale which some believe is a regular part of business, but others may say fraud. Greasing palms to garnish a business deal is an age-old affair globally, is it ethical no, but it happens regularly

Supplier Onboarding

Supplier Onboarding

On-Boarding, new suppliers is a process of accessing capability and capacity to meet the business demand of the sourcing strategy / supplier matrix as a result of product category introduction, expansion or existing supplier risk.   

Supply Chain Solutions No.33 – Employee Bribery

Supply Chain Solutions No.33 – Employee Bribery

Organisations engaged in direct and indirect procurement, there is always a chance an employee will engage in some form of inappropriate behavior that is not in the interest to the business.

Supply Chain Solutions No.32 – Supplier Deception

Supply Chain Solutions No.32 – Supplier Deception

When a seller lies about who they are, have cash flow challenges temporarily disrupting supply or goes into bankrupcy crippling the supply chain, the business effects can also be devastating due to losing sales and customer reputation.

Supply Chain Solutions No.31 – The Supplier is only as good as the information you give them

Supply Chain Solutions No.31 – The Supplier is only as good as the information you give them

Why doesn’t this Chinese supplier listen to what I said or follow the instruction sheet?

Supply Chain Solutions No.30 – Strategic Sourcing

Supply Chain Solutions No.30 – Strategic Sourcing

Strategic sourcing is the continual improvement and re-evaluation of your vendor matrix. The vendor matrix defines a group of vendors capable of meeting business procurement objectives across category spend, capacity, quality, and sustainability.

Supply Chain Solutions No.29 – Price Versus Cost

Supply Chain Solutions No.29 – Price Versus Cost

Irrespective if the sourced item is direct or indirectly procured, the objective is to maximise perceived value which must maximise margin, be within cost and on time with the least amount of effort, and quality is fit for end use.

MOU – Intellectual Property Agreement

MOU – Intellectual Property Agreement

This document serves as an MOU IP agreement example for any business engaging a Chinese entity in a development project for consumer goods. The MOU sets the tone for sharing IP under one product and the rights of each party.

Supply Chain Solutrions No.27 – Supplier Payment Terms

Supply Chain Solutrions No.27 – Supplier Payment Terms

Having the best-fit payment terms is an important part of the supplier management process, but what are the best payment terms for my business when working with Asian apparel suppliers?