Typical buyer for a small to mid-size CNC machine shop with 30-100 employees likely purchases over 100 types of materials in sizes, shapes, quantities which vary frequently. This buyer mostly uses some older ERP type of software to store “some” of the material quotes. He/she also uses a large array of excel files, PDF files …
Ever wondered what all the different purchasing-related acronyms really mean? You’ve come to the right place. Using simple terminology, here is an explanation of the often confusing “alphabet soup” acronyms, which are germane to the world of purchasing and procurement. ERFx An ERFx is an Electronic Request for (x), where “x” stands for Proposal, Quotation, …
The Basics of Sourcing (Explained in Plain Language) Read More »
Custom injection molding shops and die casting factories purchase different types of material grades – scrap and virgin materials for their use. The buyer spends an inordinate amount of time working with small dealers and large mills procuring what’s needed. Buyers also work with their sales team to give advanced pricing on projects which will …
Buying for Injection Molding and Die Casting Factories Read More »
