1What is a common point for cost of inventory and non-current assets/services being lower?
Savings can be channelled to meet other operations of the business contributing to better cashflow of the business
2What is a common point for longer credit terms
More time to pay the credit supplier gives the business flexibility to use its cash to pay for more urgent expenses first
3What is a common point for cash discount in credit terms
More savings that will increase income and lead to higher profits
4What is a common point for lower maintenance costs?
Lower yearly maintenance expenses improves the profitability of the business
5What is a common point for local suppliers over overseas ones?
Local suppliers allow for faster delivery of goods if inventory runs low compared to overseas suppliers. So, the business able to restock faster to prevent loss of sales
6What is a common point for online vs brick-and-mortar suppliers
Brick-and-mortars allow businesses to physically view and touch products to determine if they meet their expectations allowing them to make a more informed purchasing decision
7What is a common point for more flexible return policies
Gives the business more time to check on the quality of the products and be able to make a return or exchange if it is defective/damaged
8What is a common point for longer warranty
In case of break down, the business does not need to worry about incurring unexpected repair costs as it’s being covered by warranty over a longer period
9What is a common point for better reputation of suppliers
Business is more stable and less likely to close down so quality of products / services can be assured by supplier