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Which one do you like for payment in consumer product purchasing?

1. Debit Card

2. Credit Card

3. Cash

4. Others (Please clarify) 

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Question ajoutée par MUSTAFIZUR RAHMAN , Senior Merchandiser , Ultimate Fashions Limited.
Date de publication: 2016/05/25
Rubina Shaikh
par Rubina Shaikh , Primary Teacher , RBK SCHOOL

Debit card is best to purchase product cos we dnt hv to carry money wd us

Anoop Kuriakose Mathew
par Anoop Kuriakose Mathew , Procurement Officer , Combined General General Trading & Contracting W.L.L

Cheque or Bank transfer will be preferable upon completion of  the cerdit time recieved from the supplier.

Gayasuddin Mohammed
par Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

Preferred is (3) Cash. Thanks.

Shameer Nazir Madari
par Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)

 

It is always good to make payment by cheque most secured method of payment, and if paid after getting minimum 30 days credit that will be good.

 

If need to be choose from the given example the most appropriate method will be Cash. 

Elke Woofter
par Elke Woofter , Project Assistant , American Technical Associates

First of all ... Purchasing may negotiate the payment terms. It is Finance not Purchasing which prefers these terms

Net is a normal term, however the longer the Net term your controller will like it. 

checks wire transfers(T/T's) are more domestically used

LCL's when dealing with overseas (Asia)

It all depends on the vendor and his/her location.

 

jayesh m
par jayesh m , Assistant computer Programmer , university

Debit card is first priority

SHAFIQ U REHMAN
par SHAFIQ U REHMAN , Finance Manager , One Works - A global Design and Consultancy firm offering integrated Architecture & Infrastructure

Purchasing should negotiate payment terms. Longer payment terms help to manage cash flow.

Payment mode depends on the vendor and his/ her location, now a day company established companies prefer wire transfers.

Ammar Ahmad
par Ammar Ahmad , House keeper , Hotel one

Credit Card because its more fexilble n easy for payments and we also get some reward points as well

Ameen Dahan
par Ameen Dahan , Contract Engineer , YemenLNG TOTAL

In fact , negotiation of payment terms is an integral part of the cost reduction excercies  adopted by purchasing managers and buyers as it adds much to the development of the cashflow for the organization.

 

The longer the payment facility is, the better the cahsflow process  continues. Thus, a cedit of days  / days deferred payment is the best .

 

This of course depends on the mutual relationship with the contractors/vendors and the stable market and supply chain  requirements.

OTHMAN ALSMADI
par OTHMAN ALSMADI , SENIOR ACCOUNTANT , (MACDONALDS) ARMOUSH TOURIST INVESTMENT CO

Cheque or Bank transfer will be preferable