Audit

Suppliers

Earth clothiers deal straight off with suppliers in revisal to debar intermediaries. The comp some(prenominal) ensures that the supplies are made available at the remedy time and that dealing with suppliers should be direct. The go with has also substantial a less cost effective reverse logistics so as to reposition any supplier who will non supply the goods at the right time. The association is also aiming at showing less supplies but more frequently. This will attention the company to cut off the costs of transporting huge supplies and saving(a) on the storage space.

At first the company had negotiated with the direction in order to bargain a minimum order quantity at the level of suppliers. In case of any defect found in suppliers, the companys supplies logistics teams ordinarily respond to this by notifying the supplier of the same defect and playing sales returns forth with. Accounting adjustments will therefore be done in order to get the actual purchases made.

The company has the policy of paying its suppliers on time so as to show suppliers that indeed they value doing business with them. Payment is commonly done by using cheques for large payments and cash for beautiful transactions with suppliers.





Competitors

Though it is difficult to get the companys competitors, Lands, and Eddie Bauer are the main ones. The Eddie Bauer companys annual reports mentions that their receipts from catalogue are mentioned during the time of shipment. This company also discloses the appraisal that they reserve for returns during the time of sale based on the companys projected returns unlike Earth wear clothiers.

The alfresco clothing industry is very competitive, as has been seen that it is growing per year at a steady rate. This industry consists of manufacturers who sell their products directly to the customers via retail stores, specialty stores and catalogue companies. Earth wear, however, competes majorly on trade in value (price and quality), has...If you want to get a full essay, order it on our website: Orderessay



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