How can you find the right items to purchase while there are strong competitors?

1. Create new trends in you product line with latest innovations in its kind

2. If you cannot create trends, then predict the upcoming trends in your product range based on fashion and session.

3.  Prefer supplier maintained inventories, which will give flexibility in all aspects to locate right item at right time at right location.

The best protection for long-term success, where low price is a cornerstone of your product differentiation, is to:

• Be the first company to preempt this low-price niche.
• Have a unique idea as the basis for your product or service business.
• Surround low price with as many secondary sources of product and service differentiation with your competitors as possible.

1) who will provide good quality, low price , in time delivery and suitable payment terms.

If you know what you want , you send RFQs , analyse and compare them, choose the best , negotiate it with the supplier and then set the PO. 

should be as per required specifications, quality & good price.

1.looking least price with the  required quality

2.enquire the history of supplier or competetor

To find the right elements requires several factors:

1. I should have a large data base of suppliers .

2. Send a request quotations from all attached specifications and method of payment .

3. The study of all quotations and choose the most appropriate in terms of specifications and price and method of payment.

4. Negotiate with the supplier to get the lowest price and highest quality and most convenient way to pay

COMPARE ALL DATA OF SUPPLIERS ON BASIS OF BELOW DATA PROVIDED BY SUPPLIERS:

PRICE, DELIVERY TERMS, PAYMENT TERMS.