How do sourcing agencies spruce up your procurement process?

Increasing competition in the business environment dictates that organizations constantly innovate their product offerings in a way that reduces their cost of creation and leverages their USP. A robust procurement support system helps companies find the perfect match for their sourcing needs to deliver value and wield market trends to their advantage. 

Buying products from a foreign market comes with a series of complications, like finding the right vendors, variable delivery time-lines, stringent production budgets, along with various other on-ground difficulties and of course one of the biggest being quality control issues. Hiring a reliable sourcing agency eases the process and helps you get the right product at the right cost and at the right time.

Lets take a look at the reasons why choosing a sourcing agency is better than just relying upon your in-house procurement team.

Wide range of reliable vendor options:

Choosing the Right vendor is the key to a successful procurement exercise. Overseas clients are often misled by misrepresentation of infrastructure, capabilities, and licenses as claimed by  manufacturers. A good sourcing agent has vast database of reliable vendors and ensures with necessary reputational due-diligences and physical factory audits that only capable and reliable vendors are executing the job , so there are no surprises in the end.

Ease of Monitoring and Control:

Sourcing agencies will act as an organization’s local partner and maintain the client front with vendors to monitor and report the production process closely. This ensures quality control and timely executions.

Competitive Prices:

Working out better suppliers with lucrative deals is one of the primary reasons why most companies choose to hire a sourcing agency in their procurement destination. The reduced cost can lead to a massive increase in revenue, especially when it comes to large orders.

Choosing the right sourcing agency is key to benefiting from the above-listed advantages, and it is advisable to check upon the methodology of an agency before you rely upon them for the most crucial aspect of your supply chain.

If you are on the look for a dependable sourcing partner in India, please reach out to us on info@sourceez.in or visit www.sourceez.in for further information.