Buying strategies are needed for corporations to purchase raw materials on the market. Corporations are interested in the lowest possible price for raw materials but they also want to be sure that the materials are bought and delivered and their production process can continue uninterrupted. They can make a choice of one of the available buying strategies and make a tradeoff between the price they pay and the chance they receive the raw materials on time. One buying strategy is to place raw material orders at market price plus a percentage or if products are easily available, offer several percentage points under market price or use a strategy that offers a fixed price. Another strategy is to offer low at the start and increase the offer price by several percentage points for each month the product was not delivered. (time based).
Simcountry Dictionary
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Buying strategies are needed for corporations to purchase raw materials on the market. Corporations are interested in the lowest possible price for raw materials but they also want to be sure that the materials are bought and delivered and their production process can continue uninterrupted. They can make a choice of one of the available buying strategies and make a tradeoff between the price they pay and the chance they receive the raw materials on time. One buying strategy is to place raw material orders at market price plus a percentage or if products are easily available, offer several percentage points under market price or use a strategy that offers a fixed price. Another strategy is to offer low at the start and increase the offer price by several percentage points for each month the product was not delivered. (time based).
