This is an allowances that is paid in advance to offset future claims on a product. The allowances is worked into the bidding/quoting process of a product for a percentage of the cost. Up to that threshold, the supplier does not pay for a defective product. Once the threshold is passed the supplier will pay a certain percentage of the defective product.
Rating
|
Average rating:
5
Number of Ratings : 1
|
|
|
|
View Topic History
|