A Profitable Procedure for Evaluating Suppliers

Article Abstract:

The major function of a purchasing department is to evaluate the performance of vendors who provide a company with its supplies. Various procedures can be set up to assure good performance of a vendor. These procedures include surveying vendors, listing critical suppliers and visiting qualified vendors. A quantitative rating system should be set up to rate prospective vendors. The purchasing department should also be able to analyze time of delivery performance and quantity performance. Companies using supplier rating systems have shown an increase in profitability.

Purchasing agents

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Employee Stock Ownership Plans

Article Abstract:

An analysis of Employee Stock Option Plans (ESOPs) shows benefits, disadvantages, and procedures for implementing an ESOP. ESOPs increase employee productivity if they are introduced under the right conditions. The first stage of implementation is to determine the applicability of an ESOP. The next phase involves establishing the ESOP trust. Leveraging the plan and distributing stock follow. Considerations that can lead to failure are detailed.

Evaluation, Employee ownership, Employee benefits

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