Order Routine Specification

Posted in Operations and Supply Chain Terms, Total Reads: 5033
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Definition: Order Routine Specification

It is one of the steps in business buying behaviour.

After the supplier is selected, the final order is negotiated between buyer and seller. It includes

1) Tech Specifications

2) Quantity

3) Policies, Warranty etc

Also many industrial buyers give their equipment on lease. This helps in

  • Conserving capital
  • Receiving better service
  • Getting access to latest products
  • And sometimes tax benefits

Example: -Sometimes blanket contracts are used for maintenance, repairing and operating items.

 

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