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Lease vs. Purchase

Lease vs. Purchase

Guidelines for Lease vs. Purchase of Information Technologies

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Step By Step Importing Guide

Step By Step Importing Guide

Many online traders are eager to begin sourcing products from abroad, most especially from China. If that’s what you’d like to do as well, take the time to read our Forum Guide before you get started. Importing attractive, low priced goods from another country is a terrific way to increase your profit. But international trade transactions are complicated and you

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Cost Terms, Concepts, and Classifications

Learning Objectives 1. Identify and give examples of each of the three basic manufacturing cost categories. 2. Distinguish between product costs and period costs and give examples of each. 3. Prepare an income statement including calculation of the cost of goods sold. 4. Prepare a schedule of cost of goods manufactured. 5. Understand the differences between variable costs and fixed

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Why Capital Turns Matter?

Why Capital Turns Matter?

Why Capital Turns Matter – And What Warren Buffett Means When He Talks About Them By Geoff Someone asked me what Warren Buffett meant when he talked about a company turning over its capital “x” number of times a year. When Buffett says capital turns he means Sales/Net Tangible Assets. Most websites, etc. tend to just use assets. And they may

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strategic sourcing

strategic sourcing

What is strategic sourcing? Lessons from the Recession – Back to Sourcing Basics Back to Sourcing Basics provides insight into the guiding principles of procurement, spend analysis, strategic sourcing and technology. We use these principles to create innovative solutions for our clients during periods of economic recession. Speaker: Santosh Nair, Director-Consulting, GEP: Strategic Sourcing – CPO’s Speak: Perfect Commerce and

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Why is sourcing / procurement so hot?

Why is sourcing / procurement so hot?

WHY IS SOURCING / PROCUREMENT SO HOT? WHAT IS THE INFLUENCE (ECONOMIC, ENVIRONMENTAL, GOVERNANCE, SOCIAL ISSUES) OF YOUR SUPPLIERS FOR YOUR REPUTATION AND BUSINESS SUCESS? THE MORE COMPLEX AND GLOBAL YOUR SUPPLIER BECOMES, THE STRONGER IT’S MANAGEMENT NEEDS TO BE! WHO WE ARE? WHERE WE ARE? WHAT WE DO? BENEFITS, VALUE PROPOSITIONS. KEY RESOURCES. Video directed, produced, written by Philippe

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Who Wins in Negotiations: Buyer or Seller?

Who Wins in Negotiations: Buyer or Seller?

This short video reveals who wins in most cases of negotiations and more importantly shows the reason why. Once you know that, it will help you to do something about it, and start becoming a better negotiator than your suppliers.   Who wins in Negotiations – Buyer or Seller from mehrSCM on Vimeo.

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How Purchasing Savings Affect the Bottom Line Dramatically?

How Purchasing Savings Affect the Bottom Line Dramatically?

Video below shows an actual example of a company where the Procurement Head showed the CFO & CEO how a 5% savings ($8 Million) equaled a $54 Million increase in sales. Of course it did not take long for the CEO & CFO to act on the suggestions and spend some money to achieve these savings. It took even a

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How to win by Procurement Best Practices?

How to win by Procurement Best Practices?

How to win & become world class by implementing Procurement Best Practices? The video below shows dozens of World class & Procurement best practices which you need to implement to become a world class purchasing & procurement organization.   Best Procurement Practices – Purchase Price Index from mehrSCM on Vimeo.

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RFID Demonstration and Applications

RFID Demonstration and Applications

Radio-frequency identification (RFID) is the use of a wireless non-contact system that uses radio-frequency electromagnetic fields to transfer data from a tag attached to an object, for the purposes of automatic identification and tracking. Some tags require no battery and are powered by the electromagnetic fields used to read them. Others use a local power source and emit radio waves

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