Latest / The Buyer's Side with Fexingo: Procurement, Sourcing, and B2B Purchasing Decisions
Why Buyers Ignore the Cheapest Supplier Quote
In Episode 219 of The Buyer's Side, Lucas and Luna explore why procurement teams routinely reject the lowest bid. We examine the hidden costs of supplier insolvency risk and how buyers use scenario planning to avoid supply chain shocks. This episode looks at a specific case where a major manufacturer switched from a low-cost Asian component supplier to a higher-priced domestic partner to mitigate geopolitical risk. We discuss the real economics of total cost of ownership versus unit price, including freight, tariffs, and inventory carrying costs. Tune in to learn how to evaluate…
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