purchased from outside suppliers or built by the company itself Value Analysis

Purchased from outside suppliers or built by the

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purchased from outside suppliers or built by the company itself Value Analysis - systematic appraisal of the design, quality and performance of a product to reduce purchasing costs Bidder's List - list of firms believed to be qualified to supply a given item
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E-Marketplace - online trading communities that bring together buyers and supplier organizations for a fee Traditional Auction - seller puts an item up for sale, and would-be buyers bid in competition for the items Reverse Auction - buyer communicates a need for a product/service and would-be suppliers bid in competition with each other Consumer demand for products/services is affected by their price and availability and by consumers' personal tastes and income Organizations buy products and services for the sole purpose of helping them achieve their objectives Reciprocal buying (reciprocity) restricts the normal operation of the free market Vision systems are used for product inspection and are sold to OEM's who use them in large industrial automation systems which sell for millions Most frequent buying criteria for machine vision suppliers and products (price is among least frequent): 1. Product performance 2. Supplier's technical support 3. Ease of use
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  • Spring '14
  • Marketing, organizational buyers, Organizational Buying Behavior, Organizational Buying Criteria, industrial buying practice, frequent buying criteria

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