• Pankaj Jain 03/11/2019 07:16AM

    In Category Management

    Contracts vs Spot purchase - Which is best strategy to procurement construction equipment rental .

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  • Answers (3)

  • Trevor Black

    07/11/2019 01:00PM

    It depends on the product. Securing longer term contracts does have many benefits which includes the often forgotten added value resulting from a strategic commercial partnership with your supplier. Many products are volatile and your organisation will benefit from your knowledge of when to buy when the price drops. If you examine recent global issues such as wars and tsunami's and the impact they had on supply chains you will gain a better understanding of the strategic significance of procurement.

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  • francesca udeariry

    06/11/2019 12:43PM

    I believe contract is. If you have a good bargaining power and you are certain that the purchase will span a reasonable period, you do a contract for Like two years and lock the prices of the equipment. It’s best to avoid the back and forth of renegotiation.

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  • Helen Mackenzie

    05/11/2019 02:14PM

    Wonder if you have any advice on this one Ian Holcroft Ben McCluskey?

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