Wednesday 7 January 2015

www.industrykart.com Future of Industrial Purchasing - It will be Enjoyable: How does an INDIAN industry make a BUY

How does an INDIAN industry make a BUY


A.                   Need/Indent Approval: The Engineering department <Indenter> raises a need and after approval from the boss, he initiates buying.
B.                   Make RFQ/ Search Suppliers/ Take Quotations: If it is STANDARD ITEM purchase, the indenter (after boss approval) simply passes on the requirement to Purchase Department, which in turn contacts min three suppliers/ takes quotations (min three) and then negotiates with these three suppliers to get the best price /delivery and then places an order. Sometimes Indenter himself gets 3-4 quotations/ discusses technical specs with sellers/ freezes on the exact specifications and passes on to the Purchaser.
C.                   Make Best Negotiation (with EACH seller) to get BEST Price/ best delivery. Pay Advance and wait for delivery (SOMETIMES not ex-stock). This process adds to cost.
D.                  In most of the companies, there is a RUNNER who goes around buying / picking the items for the company. Being semi-literate he buys spurious/ nonstandard poor quality stuff. Cost of Runner adds to cost.
E.                    Buyer never knows if he GOT best price or not?
F.                    Place an ORDER and chases the supplier regularly for delivery.


Here www.IndustryKART.com enters and eliminates B, C and makes it INSTANT EX-Stock, Lowest Cost Buy. Automatically the buyer gets better DEAL compared to what he would have got with all his efforts. Saves time/ energy. Also satisfied & happy as knows he bought at right price and was not cheated. It points, what www.IndustryKART gets to the buyer is:
A.                            Brings HONESTY in buying.
B.                            Automatic L1 buying (lowest cost)
C.                             Ex-Stock option available/ Door delivery available.
D.                            Complete buying DATA Base available online 

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