Manage episode 244106329 series 2416
Welcome back to Business English Pod for today’s lesson on English for purchasing and sourcing suppliers.
Every company is in the business of selling something. But you can’t be a seller of goods or services without also being a buyer of goods and services. All companies require professional services, equipment, and supplies in order to function. And if they sell goods, they also need the raw materials and parts to build those goods.
Buying all these goods and services is called “purchasing.” Purchasing managers work hard to find the right products and suppliers, and to negotiate good prices. Bad purchasing decisions can impact profit margins, efficiency, and quality. Good decisions can make a company a lot more competitive and profitable. While purchasing managers can find suppliers in a variety of ways, one common way is looking for suppliers at trade shows.
And what kinds of questions do purchasing managers need to ask when talking with potential suppliers at a trade show? Well, for starters, you can begin the conversation by commenting on display products. Next, you can ask about their experience, their capabilities, and their turnaround time. And finally, you’ll also want to ask about their company’s business priorities. After all, a regular supplier functions a bit like a business partner, and you want a good overall match.
In today’s dialog, we’ll hear Adam, a purchasing manager who works for xFit, a company that makes fitness equipment. Adam’s at a trade show looking for a new supplier for an important part for one of their fitness machines. He’s talking with Jenny, who is representing a Vietnamese manufacturer. Adam is trying to find out if Jenny’s company is a good fit.
1. What does Adam comment on to begin the conversation?
2. What does Adam suggest might cause challenges for a company in Vietnam?
3. After Jenny talks about tariffs, what specific issue does Adam ask about?