We believe that the process of procurement lies at the heart of all the businesses. As procurement involves a lot of vendors, products and geographies at the same time, it becomes a process which is on-going and takes a lot of effort and resources. Given the nature of procurement, one needs to tap the market pulse on a continuous basis.
One also needs to be proactive in managing one’s supplier base, zeroing on the right supplier and paying him the right cost for your requirements. All this makes a direct impact on your cost of purchases and ultimately on your bottom line. Zeroing on to the right supplier who can provide right quality product at right price involves deep research and a clear understanding of the market conditions.
Physical proximity of your representative to the supplier’s location helps you monitoring the quality at every stage of production and detect any deviations from the required level of quality. This leads to a better quality of goods/services and ultima
BR.TradeHolding.com Tip: We always strongly recommend our members to strictly follow the traditional methods and rules of international trading before going into any deal with any party met over the internet. Such as getting prior company confirmation by phone, fax or by mail besides necessary cross checks done through the related local bodies like banks, chambers of commerce, related trade associations, etc. especially before realizing any money transaction.
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