Purch-lympics - Online Competition For Purchasing Professionals

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	Purch-lympics Entry #1
	Leonard Ruhukwa Purchasing Officer, Harare, Zimbabwe

Purch-lympics - Online Competition For Purchasing Professionals

"As from January 2008 Zimbabwe experienced the highest inflation in the world and this resulted in massive price changes. Currently our inflation stands at +10million %. Our economy is very tricky in the sense that the revenue base is not able to sustain the expenses needed. Firms are being strained as they are no longer enjoying the profits as before. The problem that I experienced is to try and balance firm's cash flow and the purchases, as purchasing officer I am pushing for a win / win situation. In some cases quotations were valid for 6 hours only. The situation is tricky as one is suppose to pay for the items before midday to avoid price changes. Most of the products used in Zimbabwe during this period up are from across the boarders mainly South Africa, so this mean our prices are determined by the exchange rate between South Africa's Rand and Zimbabwean dollar.

In trying to resolve the problem of paying huge amounts I ended up monitoring the foreign currency exchange rate (which is being used by the suppliers to restock their items) occasionally, this move helped a lot as I am able to negotiate the with suppliers for them to give a realistic price. I also managed to use the influence of longtime relationship that I have with our suppliers. As the firm we also revised our payment terms so that the suppliers can understand our side. With the figures of exchange rate and prices from regional markets at hand I managed to convince the suppliers for them to drop the prices in order to have the smooth relationship with them.

I am now happy as my efforts proved to have yielded better results. Some of the suppliers are now giving me items better priced than the prices they charge to the rest of the market."

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Purch-lympics Entry #1

Leonard Ruhukwa Purchasing Officer, Harare, Zimbabwe

Leonard Ruhukwa
Purchasing Officer, Harare, Zimbabwe