Ten Tips for Encouraging Supplier Innovations - Nowadays, more and more organizations are reaching to their suppliers to encourage the innovation process in order to improve their own business models, services, and products that they offer the end customers. Here are some invaluable tips to help you maximize the supplier innovation potential for your business. It has become pretty much obvious that innovation is the...
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Customer Acquisition Strategies vary from company to company. Dеvеlорing a ѕuссеѕѕful customer асԛuiѕitiоn ѕtrаtеgу for your organization саn ѕееm likе a dаunting tаѕk. Every buѕinеѕѕ wаntѕ tо mаximizе рrоduсtivitу for grеаtеr ROI, аnd you mау bе left wоndеring hоw to create a long-term ѕuссеѕѕful ѕtrаtеgу whеn thеrе are many сuѕtоmеr асԛuiѕitiоn methods to consider....
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Vendor File Cleaning is fast becoming a necessary on-going process rather than a nice-to-have once in a while project....
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Basic Tips for Supply Chain Optimization. Keeping a track of your orders from the moment you initially contacted the suppliers through the point of delivery can be quite a challenge for any organization. It comes without saying that creating purchase orders and sharing them with the suppliers from one centralized place directly and efficiency is essential for managing a successful Procure-to-pay operation....
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t doesn’t mean that you will inevitably face it, but it is always better to be aware of the dangers that are out there. Businesses that are new to dealing with Chinese Suppliers and those that perform their buying or selling activities in China from a distance, without a real presence in the Chinese market, are most vulnerable to fraudulent practices....
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It just doesn’t seem right to include only a handful of benefits, when presenting the powerful money-saving concept of eInvoicing. This is a necessary compromise to draw attention to the most meaningful benefits, which come in handy for corporate decision makers, who still have second thoughts about it....
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E-invoicing methods are used by trading partners, such as customers and their suppliers, to present and monitor transactional documents between one another and ensure the terms of their trading agreements are being met. These documents include invoices, purchase orders, debit notes, credit notes, payment terms and instructions, and remittance slips....
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A соnѕultаnсу agreement iѕ a contract which is ѕignеd bеtwееn a consultant аnd a сuѕtоmеr. It serves tо identify thе tеrmѕ and соnditiоnѕ undеr whiсh thе consultant will rеndеr a сеrtаin tуре оf соnѕulting services....
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Reverse Factoring is a form of receivable financing in trade finance whereby a buyer arranges for the financing of invoices raised on him by a supplier. Reverse Factoring is very similar to traditional factoring with the noticeable difference of the buyer being the arranger of the facility rather than the supplier as in traditional factoring....
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The majority of purchasing errors, which include suppliers, simply fix themselves in a time period ranging from 90 to 120 days. However, after this period you have less than a 2% chance that you’ll identify them yourself. That’s why a statement auditor working on this task is an invaluable helping hand for your AP department...
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