In today's highly competitive international business market, the importance of choosing the best offshore or onshore procurement agents is at the forefront. Due to the expertise of different countries in manufacturing, product manufacturing and other fields, it is becoming more and more difficult to keep up with their pace.
Many commercial companies, regardless of their size, are constantly checking and paying attention to the issue of "the best price quoted by the source we are using". Are the purchased materials and products purchased from the best source?
In order to avoid all these potential complications and to clearly understand the source, most international companies use the expertise of procurement agents at the national and international levels. The following information can explain the importance of the role of purchasing agents and how they can help your business grow at the national and international levels.
Purchasing agent
A good purchasing agent must be able to reduce the administrative expenses of the procurement department by at least 20%. This includes hidden costs and standard costs.
Standard cost: Some standard costs that the purchasing agent should be able to reduce include but are not limited to goods, transportation insurance, customs fees, import taxes, terminal fees, etc.
Hidden costs: A good purchasing agent should also be able to minimize hidden costs, such as contract fees when hiring new suppliers, access to suppliers, expenses due to shipping delays, due to inappropriate documentation or Customized fees due to payables, some lost documents, anti-dumping fees, delays caused by congestion at shipping terminals, etc.
International purchasing agent
Excellent international agents make the international procurement process as simple as domestic processes. These global sourcing companies often provide services such as taking care of the entire offshore manufacturing process and purchasing. Global sourcing companies can easily complete international business transactions because they are proficient in all of these processes.
IB usually does not hesitate to pay these agents an additional fee of 10% to 20% on an agreed price basis because of the following benefits:
International purchasing agents often represent suppliers
Provide instant access to the best suppliers and trusted companies that provide the most relevant expertise in the shortest amount of time.
Some global sourcing companies also provide engineering services and participate in the development of new products.
If necessary, please pay attention to quotes from around the world.
In addition to managing international communications, international agents also process translations and arrange field trips at appropriate times.
Sometimes, they may also purchase agents or project managers for projects that require multiple overseas suppliers.
The above mentioned are just some of the benefits that international companies can enjoy by hiring good agents. So you can try one of these international or domestic agents in the next project and get the benefits you get.
Orignal From: Purchasing Agents - How do they improve the profitability of their international business?
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