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In Buying / Procurement what are the benefits of P&A study?

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Question added by Fazal Ebrahim Dawood , Chief Executive Officer , Stardist Ltd
Date Posted: 2014/02/02
Oomar Elias
by Oomar Elias , Chief Operation Officer , Private Equity Banking

Price and Availbility study - Indispensable tool to evaluate trends and business opportunities.

 

Jean Pierre Alain
by Jean Pierre Alain , Executive Group Food & beverages Manager , Sun Hotels Group

P & A STUDY : Price and Availbility study - Very important in assessing future trends of prices and availbilty. In Aviation, it is a critical factor as everything is related to fuel prices and availbility.

In other sectors as well, it is a very important tool to analyse future trends and take proactive measures

Imran Ahmad
by Imran Ahmad , Sales Manager , Bahrain Steel Company

Price & availability are prominent factors in buying any commodity though technical aspets also plays important role. 

- P & A study will provide clear picture for price trends and frequency of availability of specific material in various regions across the globe.

Alexander Kurunthottical
by Alexander Kurunthottical , 22+ Years of Procurement & Contracts Management , N A

Procedures and Arrangements: The buyer will be aware of

1.  The compliance required with specific regulations

2. Care to be taken to avoid any form of pollution or environmental damage

3. Any specific terms & conditions to be incorporated in the contract/order

4. An overview of the implied liabilities in case of non-compliance

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