Question

You have just commenced employment at one of Canada’s large retail merchandising companies (Loblaws, Canadian Tire, The Brick, or Leon’s). You were hired in part because of your business courses including your course on Importing.

At the present time, the company you have chosen (from the above list) has two products that it has been importing for some time. (You are to name to products sold by the company in Canada that are imported).

Question: - Are there other possible sources of supply should the original supplying company be unable to continue to meet your orders? What are they and what can and should you do to explore other possible sources?

Company is Canadian Tire and our product is Tires and Rims

need more then 1 page

Answer 1

Answer-) Yes, there are other possible sources of supply if the original supplying company is unable to meet the orders. The company is Canadian Tires and the Products are Tires and Rims. Possible sources of supply can be is that the company themselves produce and have their own in-house brand of tires and rims. The other option can be is that the company looks for other Suppliers or vendors in different countries from where they can import the Products. Canadian tires can also look for local manufacturers who maintain the necessary Quality standards and the company also have the extra supply from them .

We can do many things such as make the credit period short that is to give them fast payments to give extra support to the current vendor so that they can make up for the Increasing demand. We can build a manufacturing plant ourselves to meet the demand of the public. We can have more portals where the vendors who want to join can sign up for it , read the terms and conditions and are willing to sign up the contract. The company can give extra margin and discounts to vendors , to attract new suppliers.

Rather what we should do is that focus on the existing company which supply tires and rims because getting a new company requires a lot of effort such as Following the Canadian Code Of Conduct for its vendors where they want the company to completely follow ethical practice to produce for example no child labour, no discrimination etc. Then the company has to negotiate the terms and conditions with the supplier and has to adept with the country's custom duties. So it is better that Canadian Tires talks face to face with the head of the company and help their existing Suppliers to meet the Increasing demand as it is less of a hustle and it also builds confidence in the Suppliers for the company