The secret to an effective purchasing strategy
There are several ways in which a company can increase its profits – increasing sales, mergers and acquisitions, discovering new niche markets, the list goes on.
One of the options, which is widely explored in times of crisis like the one we experienced in the last year, consists of increasing profits by reducing unnecessary expenses and optimizing available resources in order to increase competitive advantages and maintain a healthy balance sheet.
In this context, the management of the supply area holds the leading role since it is responsible for factors such as the selection of suppliers, qualification of services, determination of payment terms, forecast of expenses, among others.
Consequently, choosing competent purchasing partners, capable of helping area managers to gain time to dedicate themselves to activities such as process improvements, monitoring of operations and new strategies, can make all the difference when optimizing the department.
In this article, we talk in depth about the ways in which companies like Soluparts can positively impact the results of your business.
Agility in the purchase process
As we have already discussed in our blog, a partnership with a qualified company with experience in international purchases offers advantages such as agility in the search for parts. The quotations of the best offers are sent by the partner in a short period of time.
Choosing to outsource this kind of work saves buyers from carrying out time-consuming market research to determine where they will buy their products.
In the specific case of Soluparts, a list of products of interest and the complete search of prices and terms with suppliers from all over the world is sent to the client in a single document so that the best offers on the market reach our customers. All the buyer needs to do is send a purchase order when the characteristics of the offer suit them.
Security when doing business
At Soluparts we operate with a worldwide network of manufacturers on 5 continents and logistics bases in the United States, Germany, Portugal, Brazil and Hong Kong allows centralizing all international operations and consolidating the entire commercial and logistical process in a single distribution channel with a highly attractive delivery time.
The material can be made available in one of the Soluparts warehouses or at the customer’s factory. In addition, the manufacturer’s warranty is offered so that the customer doesn’t face any trouble if a replacement of the part is necessary.
Greater supplier reach
It is always important to maintain a long-lasting and reliable relationship with suppliers. This ensures greater collaboration with the main market players, making a difference when it comes to getting offers and discounts – mainly in the sense of facilitating the process of exporting and importing inputs in different countries.
Soluparts has direct contact with manufacturers of more than 15 thousand brands and the ability to bring buyers and sellers together in different locations, providing advantages in the purchasing process and the best commercial conditions for the customer.
In addition, the purchase of parts in any volume is offered, avoiding excessive purchase of products, as well as keeping the spending of the purchasing sector within the budget.
At Soluparts you can choose one of two services:
- Spot Purchase – carried out sporadically, according to the company’s needs;
- Contract purchases – list of materials previously quoted and with an extended quotation validity period.
More experience to make the best decisions
Stanford Business School conducted a study in which it showed that, by strategically using fixed price contracts and open market trading, supply chain participants can create greater efficiency, thereby helping managers to make better decisions.
It is always good to point out that an effective purchasing strategy adds a lot of value to an organization by directly interfering in its financial balance. The best way to achieve this goal is to develop long-lasting relationships with qualified international partners who defend the interests of your organization.
It is also essential to be aware of new technologies, innovations and market practices keeping the sector’s activities always optimized and updated according to the latest trends.
Now that you know that Soluparts is able to offer agile and secure quotes from the most relevant manufacturers in the world – helping you to optimize your department – take the opportunity to test our services! Send us your quote request today!