THINGS TO CONSIDER WHEN BUYING IRON CASTINGS

Hunt for the potential supplier

The Iron Castings market is flooded with suppliers.

The Question is??

How will you reach your potential supplier?

Referral – Get your recommendations online, word of mouth, commercial ads, business directories, classifieds and buyer’s guide.

Track their sources – Research to get information on their resourcefulness to complete your project JIT. 

Match your requirements – Appropriate your needs with their capacity

Shoot your queries – Get all the answers that you expect from them.

If any of them passes the test, then here is one potential supplier.

What happens post-tracking?

Sign a contract – Sit down with the supplier for an agreement on all the terms important for a positive business relationship.

What must the contract include?

Time of delivery Quality Penalty in case of delay

What is the basis of the contract? Sign a contract only after concluding the

process cost. Process cost includes: Direct labor Materials Expenses

All three of the aforementioned costs depend upon;

Geometric complexity of the product design and layout

Cost of the metal used which depends on the alloy cost, alloy purity and alloy castability

Conclusion

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