Quotation process


Intensive, critical studies of a controversial topic also help to eliminate the possibility of errors. One of my favorite quotations is by George von Bekesy, a fellow Hungarian-born physicist who studied fundamental questions of the inner ear and hearing (Nobel Prize in medicine, 1961)  [c.146]

Price available only by quotation.  [c.18]

In the case of equipment vendors, the computer s contribution appears to be particularly worthwhile owing to the elimination of estimating errors in producing price quotations. Several companies have developed an automated quotation system to overcome delay and inaccuracy in estimating and bidding. Such systems appear to have been developed by firms already possessing significant computing facihties, since the cost of computer time is small compared with the cost of the computer. Quahtatively, operating costs for an automated quotation system appear to be about half of those of a manual system  [c.873]

The analysis indicated that the conformance problems associated with the hub design had a cost of failure of more than 30%. This would represent at the annual production quantity required and target selling price, a loss to the business of several million pounds. As a result of the study the business had further detailed discussions with their suppliers and not surprisingly it turned out that the supplier would only be prepared to stand by its original quotation provided the tolerances on the hub, discussed above, were opened up considerably (more than 50%). Subsequently, this result supported the adoption of another more capable design scheme.  [c.92]

Requirement for a process for identification of cost elements or price as appropriate in developing quotations  [c.59]

Are quotations developed through a process in which cost elements are identified  [c.80]

The standard requires the supplier to have a process for identifying the cost elements or price in developing quotations.  [c.229]

Customers need confidence that supplier quotations have been developed using valid data. They want to be sure that you are capable of maintaining the price quoted and not underestimating or inflating material costs. By employing a process for developing quotations using established metrics you reduce variations when quotations need to be frequently produced by different people. An approach to take would be to establish a database of pricing data that includes  [c.229]

Establish a tendering process in which cost elements are identified, captured, and used to provide valid quotations.  [c.233]

You need to develop documented procedures that define your subcontractor evaluation and selection process and in certain cases this may result in several closely-related procedures for use when certain conditions apply. Do not try to force every purchase through the same selection process. Having purchasing policies that require three quotations for every purchase regardless of past performance of the current subcontractor is placing price before quality. Provide flexibility so that the policies and procedures complexity match the risks anticipated. Going out to tender for a few standard nuts and bolts would seem unwise. Likewise, placing an order for lm of equipment based solely on the results of a third party ISO 9000 certification would also seem unwise.  [c.313]

After selecting a winner you may need to enter contract negotiations in order to draw up a formal subcontract and it is most important that none of the requirements are changed without the subcontractor being informed and given the opportunity to adjust the quotation. It is at this stage that your subcontractor conducts the contract review defined in clause 4.3 of ISO 9001. It is pointless negotiating the price of products and service that do not meet your needs. You will just be buying a heap of trouble Driving down the price may also result in the subcontractor selling their services to the highest bidder later and leaving you high and dry  [c.320]

To bypass the contractor or installer by purchasing plant directly from the manufacturer usually has an advantage of a saving in cost. The drawback is that the contractor does not have control of delivery or of quality, and this can lead to disputes or a defense against a claim for faulty workmanship or materials. Any saving can quickly become meaningless if the works are delayed, and a loss and expense claim is submitted. In a competitive situation, a bidder will keep his mark-up to the absolute minimum, and a saving by approaching the manufacturer direct will be small. It is always possible to obtain a price with a manufacturer following competitive quotations, and then include a PC sum in the bid documents. This gives the bidder the opportunity to add a modest mark-up, and also place him in a position where he is responsible for ordering, obtaining delivery and then paying for the equipment, in addition to installing it. There is still a responsibility on the client or his agent for nominating the equipment.  [c.87]

As long as the enjoyment of teaching occasional courses, even to freshmen, doing research, and working with my younger associates and colleagues lasts and I feel able to make meaningful contributions, I intend to continue and not to rest on any past achievements. I believe this also keeps me active and interested past an age when others would have decided long ago to quit. Otherwise, continuing what I enjoy doing comes naturally, and I still have creative ideas and follow them up. One day when this is no longer the case, I fully intend to retire and start to act my age. While writing this I just learned that I am to receive the Arthur C. Cope Award of the American Chemical Society, which emphasizes achievements the significance of which became apparent in the past five years. This gives me particular pleasure because it acknowledges primarily my work done after my Nobel Prize. In any case, I try to follow the advice of a friend. Jay Kochi, who sent me a quotation from Edward Eavin s Life Meditations There are two things to aim at in life the first, to get what you want, and after that, to enjoy it. Only the wisest of mankind achieve the second. I am not very wise, but I try to follow this advice.  [c.187]

Various usage rules have been devised to reduce the danger of a trademark degenerating into a generic name. Some companies publish information bulletins and management guides for the use of their trademarks (12). These rules may be particularly significant with respect to chemical products because their actual generic names are frequently cumbersome or not referred to in common parlance (13). It is essential that readily usable generic names be developed for any new chemical product and that the rules of proper use be foUowed in referring to the product and its trademark. The principle of these rules is to limit the use of the mark on goods or in advertising so as to signify the origin of the goods (with the trademark owner) not the goods themselves. Thus the mark is appropriately used as an adjective foUowed by a generic name for the goods. It should be set off from its context by capitalization, distinctive lettering, quotation marks, or the like. It should not be used as a noun, and most important, not as a plural noun. It should not be used as a verb or as a term characterizing a process. It should be clearly identified as a trademark in each context in which it is used. Thus, if it is registered under the federal statute, its trademark status may be indicated by a circled R or by the legend (or its abbreviation) showing registration in the United States Patent and Trademark Office. If the mark is not registered, its trademark status may be indicated by an adjacent TM or by the term Trademark related, if appropriate, by asterisk to the mark itself. Preferably, the name of the trademark owner also should appear. Emphasis on the trademark status of the mark wherever it is used in commerce is the best means of preventing degeneration of the mark into a generic name for the goods.  [c.272]

Several of the larger chemical manufacturers, particiilarly those in the petrochemicals field, have developed computer packages based on manual methods of factorial estimating. Usually the input data consists of the cost of each main-plant item (MPI) obtainea from quotations or historical records. The program then estimates the costs of erection, piping, instrumentation, electricals, civil en neering, and lagging for each (MPI) in turn by adding a series of Tac tors. These account for the complexity of the process and the constructional difficulties for each (MPI) to produce an estimate of the overall plant cost. It is obviously necessaiy to introduce appropriate inflation indices to bring the estimated costs up to date.  [c.874]

Once the list is generated, a Request for Quotation (RFQ) or Invitation to Tender (ITT) can be issued, depending on what is required. RFQs are normally used where price only is required. This enables you to disqualify bidders offering a price well outside your budget. ITTs are normally used to seek a line-by-line response to technical, commercial, and managerial requirements. At this stage you may select a number of potential contractors requiring each to demonstrate their capability. You know what they do but you need to know if they have the capability of producing a product with specific characteristics and can control its quality.  [c.317]


See pages that mention the term Quotation process : [c.873]    [c.874]   
Automotive quality systems handbook (2000) -- [ c.229 ]