How has the credit crunch impacted your company's capital goods purchases? Are you looking at sources for these products that you have not considered before?
Answers (2)
Hugo O
Business Value Consultant and Owner at ProfIT Solutions
Best Answers in: Project Management (1)
Hi Barb
I have a client in the metal forming business. They buy a lot of steel and both the credit crunch and the rising prices had made us develop alternatives for getting first class galvanized steel. Now, instead of buying all our steel requirements from plants or distributors, we developed a small network were we buy other companies steel scrap at lower prices. Imagine a company that buys a 36" wide roll and they use only 30". That leaves them with an almost 6" steel ribbon which is very useful for us because we use wides from 2.4" to 2.7" and we manage to get a little bit more credit from those new suppliers.
I hope This helps
Dr. Sunny D
Hands on C-level Executive and Entrepreneur,
Best Answers in: Purchasing (2), Supply Chain Management (1), Market Research and Definition (1), Enterprise Software (1)
In the software world, companies are turning to the Software as a Service model or on demand instead making capital purchases of software. This allows them to get needed software at a lower initial cost and make it expense instead of a Cap Ex.
