International Procurement

2018-12-22 15:09:59

What is the procurement industry? What does it mean to be a procurement company?

Procurement is the process of finding and agreeing to different types of terms and acquiring goods, services and works from an external source. The process of procurement involves a variety of steps that includes researching, planning, analyzing and negotiating.

Many companies would wonder, why use a procurement company? Think of it this way. Picture yourself as the CEO of a large corporation, with plans for a big mining project and would need to purchase a large volume of goods and materials. Instead of wasting time sourcing thousands of line items from different manufacturers and maintaining a whole department to do it, why not just engage a procurement company to get the job done.

By transferring the responsibility of procurement activities and management of thousands of different suppliers to a third-party procurement company, with a professional team with special skillset working on your needs, imagine the amount of time and savings you can save for your company.

A procurement company and its team of procurement specialists would have a vast database of contacts at their disposal. Procurement specialists have years of experience, are very well connected with the latest trends and direction in procurement, they would know which manufacturers are trustworthy and would be able to negotiate to reduce the cost of products or services. In return, they can close great deals, give informed opinions and objectives when needed.

One way a procurement company can help in generating substantial savings is by buying goods in bulk. Procurement companies would consolidate orders from various sources, ensuring that prices are always low and competitive. Another way is to consolidate all your goods into a central hub before shipping out. Cutting down on hefty and unnecessary freight charges.

A procurement company’s job does not just involve the buying of goods, it’s also a system for checking for quality and quantity. Look for companies with an ISO 9001:2015 certificate. This means that they have to demonstrate abilities to consistently provide products and services that meet customers and applicable statutory and regulatory requirements and also aims to enhance customer satisfaction through the effective application of systems. Which includes processes for improvement and the assurance of conformity to customer.  Ensuring that the goods you purchase are always in good condition and of the correct quantity.

At Asia Pacific Solutions Supply, procurement is our core business and we are proud to have celebrated our second anniversary with the opening of our new branch. We started off with a team of less than five procurement specialist, and today, a strongly knitted team of more than ten specialists serving key industry players all over the world. Serving our clients with commitment and honesty has been the key to our success.

We are not just a procurement company; we are your trusted partner.