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2 posts tagged with "saving"

RFX, PMP, Benchmark, OTD

January 27, 2021

RFx, PMP, OTIF, OTD, CAPEX, DDP, FOB… calm down! Before you feel lost, Cafe Procurement Hub is here to help you.
See below for a small dictionary with the main acronyms and technical terms used in the Purchasing area.

B2B - Means “Business to Business.” This term is used by some companies to designate that they do not provide services or sell products to individuals, only to other companies.

B2C - Means “Business to Customer.” Used to indicate companies that sell directly to the end...

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Price Formula

January 14, 2021

Hello buyers!
Today we are mainly going to talk about price formulas and about the so-called “Triggers.”
There is no exact rule on whether or not to use a price formula, and although the time spent during the initial trade is lengthy, the benefits of having a formula outweigh it. Generally, a price formula is used when a large part of the material’s production cost is linked to a commodity (world consumer goods or traded on stock exchanges worldwide).
Attention! We will not discuss the sales...

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