Bs

• Republic Act No. 7394 "The Consumer - Act of the Philippines"


  The policy of the state to protect the interests of the consumers, promote general welfare and to establish standards of conduct of business and industry
• Objectives of RA No.7394

  • Protection against hazard to health and safety
  • Protection against deceptive, unfair and unconscionable sales acts and practices
  • Provision of information and education to facilitate sound choice and the proper exercise of rights by the consumer
  • Provision of adequate rights and redress
  • Involvement of consumer representatives in the formulation of social and economic policies
• FOOD AND DRUG ADMINISTRATION (FDA)


  Responsible for the Certification of Product Registration (CPR)
• BUREAU OF PHILIPPINE STANDARDS (BPS)

  Provides for the standardization and certification of products, both locally manufactured and imported, giving the consumers access quality and safe products conforming to the relevant Philippine National Standards (PNS)
• BPS implements two (2) Mandatory Product Certification Schemes

  1. Philippine Standard (PS) Quality and/or Safety Certification Mark Licensing Scheme

  2. Import Commodity Clearance (ICC) Certification Scheme
• PS Quality and/or safety Certification Mark License


  Granted to local or foreign manufacturer whose factory and product have successfully complied with the requirements of the PNS ISO 9001 and the relevant product standards respectively
• Import Commodity Clearance Certificate

  Issued to an importer whose imported products have shown conformance to relevant Philippine National Standard (PNS) through inspection and product testing by the BPS testing laboratory or BPS-recognized testing laboratory
• Top reasons why small businesses fail (according to CBinsights)

  • Pricing and cost issues
  • Losing focus
  • Running out of cash
• How to Create a Business Budget for your Small Business

  1. Analyze costs

  2. Negotiate costs with suppliers

  3. Estimate your revenue

  4. Know your gross profit margin

  5. Project cash flow

  6. Factor in seasonal and industry trends

  7. Set spending goals

  8. Bring it all together
• Budgeting


  An essential process, especially for small businesses, as it allows business owners to estimate and allocate money for different business activities
• Supplier partnership

  An arrangement between two companies or organization to help each other or work together, to make it easier for each of them to achieve things they want to achieve
• Examples of supplier relationships

  • Distributors
  • Retailers
  • Manufacturers
  • Suppliers
• 3 Key Factors in supplier partnerships

  • Regular communication
  • Performance monitoring
  • Commitment to shared goals
• Benefits of supplier partnership

  • Reduced costs
  • Cost savings
  • Reduction in delays, quality issues, availability challenges
• Questions to consider when working with a supplier-partner

  • Does the supplier-partner offer affordable prices?
  • Does the supplier-partner offer delivery service?
  • Does the supplier offer goods in a consignment basis?
  • Does the supplier replace defective products that are returned?
  • What is the lead-time for delivery of the purchased goods?
  • Is there a minimum volume for discounted goods?
  • Is there a set-up cost for tools and equipment?
  • What is the set-up time for the tools and equipment?
  • Is there a required layout for the service delivery?
  • What is the area required for the recommended layout?