The Chartered Institute of Purchasing and Supply (CIPS) defines procurement as the whole set of strategic, tactical, and operational processes that organizations employ to maximize profits when delivering goods and services to third parties.
The goal of purchasing is to give organizations with the following benefits: supply stability, cost reduction, risk reduction, quality improvement, adding value to the product (service), enhancing the efficiency of operational business operations, and innovations. The purchasing process is solely concerned with coordinating the delivery of the appropriate items or services to the appropriate location at the appropriate time for the agreed upon price.
From request to payment of supplier invoice, the Purchasing Specialist oversees the reactive transaction process. His responsibilities include stockpiling resources, purchasing non-stockable goods and services, subcontracting, and consignment inventory management.
If your company has a purchasing process rather than a procurement process, it reflects the relative importance of procurement in the organization, which has an impact on employees, potential hires, suppliers, and the industry's impression of your procurement maturity level.
Purchasing is the process of getting what you want when you need it.Procurement is all about forming long-term, mutually beneficial relationships with partners so that the entire supply chain can perform at its best; it's all about maximizing the company's worth.
We can set up your procurement process from the ground up, tailored to your specific business needs and skills. This procedure will pave the path for long-term objectives and profit, as well as optimize your present supply chain.
3S Group has extensive procurement experience as well as the ability to provide bespoke business solutions for non-standard demands.
Additional service for quality control of production by QC agents of Chinese manufacturers
Assistance with OEM manufacturing in China
3S Group will provide you with the comprehensive service you require.
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