What approaches other than the standard supply procedure mig
What approaches, other than the standard supply procedure, might be used to minimize the small-value-order problem?
What approaches, other than the standard supply procedure, might be used to minimize the small-value-order problem?
Solution
E-commerce and other shopping practice are increasing day by day and companies are getting many challenges to resolve the small value order problem.
Small value order is in which value of purchasing very small and sometimes value of purchasing is less than invoice value and such purchasing maximize the costing of company.
Small order are matter much for any company because small buyer may lead one day bulk purchasing and small buying also increase the customer satisfaction.
In this situation company can adopt the simplifying, automating the process or consolidating purchasing to reduce the acquisition cycle time, reduce administrative cost and making buyers free time for higher value for more critical purchases.
