Alkhidr International
Deals with banks, custom brokers, freight forwarders, transporters and any other agency involve during import or export and make sure goods deliver to customer’s premises with sound condition. We help companies develop sourcing strategies for a sustainable business future.
WHY USE A SOURCING & PROCUREMENT CONSULTANT?
Everything you need to know about procurement consultants, procurement strategy and procurement services.
Having a streamlined procurement process and a clear procurement strategy is essential to ensure your organization is able to meet its business goals, ranging from profitability to sustainability and more.
At Alkhidr International, we’re experts in helping our clients spend their money wisely. That’s why some of the world’s leading businesses trust us to deliver quality procurement services that enable optimum business performance.
We outline the benefits of using a procurement consultant to help you achieve your business goals, as well as everything you need to know about procurement strategy, procurement services and more.
Read on to explore:
The definition of procurement
What can a procurement consultant offer?
What is the purpose of a procurement strategy?
What are the different procurement types?
Sourcing a procurement consulting firm
How can Alkhidr’ s procurement services help you?
Definition of Procurement
Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement generally involves making buying decisions under conditions of scarcity.
What Can A Procurement Consultant Offer?
Employing a talented procurement consultant is vital to achieving business success and remaining profitable. Provided their procurement strategy is aligned to your organizational goals, you can expect to:
- Win market share
- Stay at a steady target liquidity level
- Adjust and evolve to meet new customer, economic, societal, and operational norms
- Reduce your external supplier spend
- Remain profitable
- Improve supplier relationships
- Simplify your supply chain
- Receive a digital roadmap for better commercial, operational and risk data
- Experience operational improvements
- Reduce stress levels
What is the purpose of a procurement strategy?
A procurement strategy is a roadmap or a long-term procurement plan that details how your organization will acquire and deliver essential products and services.
A robust procurement strategy should not only consider your company’s wider objectives, the organization’s timeline and budget, but consider additional procurement process costs or associated risks that may be present.
Your organization’s procurement strategy should seek to achieve reduced costs, increased operational efficiency, and positively contribute towards achieving business growth.
While specific procurement goals will vary from business to business, the objectives above are beneficial to all types of businesses and are therefore a great place to start.
3 Main Types of Procurement
There are three main types of procurement activities: direct procurement, indirect procurement, and services procurement.
Direct procurement: Direct procurement involves the direct purchase of raw goods, machinery, and wholesale goods that directly contribute to the company’s end product. The key stakeholders in direct procurement processes are procurement officers and contracted suppliers.
Indirect procurement: Indirect procurement involves the purchasing of goods like office supplies. These goods don’t directly affect the company’s end product or bottom line, but they support the day-to-day management of the business. A small company may task office managers with indirect procurement processes while large corporations may employ a facilities management company to manage those purchases.
Services procurement: This type of procurement can involve hiring temporary staffers, leasing software, and bringing in short-term vendors to work at an event or seminar.
Sourcing A Procurement Consulting Firm
The sourcing consultant, also known as a strategic purchasing consultant, is a professional or a company that helps a company import from a specific country. Choosing a good purchasing consultant with a good sourcing strategy is essential for successful importation.
How can Alkhidr’s Consultancy services help you
Procurement consulting can help validate strategic direction or suggest alternatives that lead to better (and faster) results, strategic sourcing benefits both buyers and suppliers. Its benefits suppliers because they are able to sell a significant portion of their output, which makes planning easier and gives management long-term cash flow visibility. Companies can also use strategic sourcing to procure services.
Import / Export
Use the Import Export Consultant to handle cargo shipping and receiving it internationally daily to facilitate these processes for both suppliers and buyers. If a company has problems with customs duties, shipping insurance, or tax laws when shipping goods, and import/export consultant is the solution. You are responsible for helping companies obtain the documents they need to move their cargo in and out of the country.
Import and export consultants require a strong logistics infrastructure and experience in the cross-border transportation of various products. Various documents such as bills of lading, commercial invoices, and invoices are required for delivery to the country.
Why Do You Need an Import Export Consultant?
If you want to try your luck with Import-Export Consultant business. Now is the time to work with Import / Export Consultant if you want to increase you profit. Import / Export Consultant is a gateway to maximize your profit and easily enter the foreign market. If you import your products cheaply to sell abroad and sell them at a higher margin domestically, you can earn more money and sell more domestically due to slow payback. You should contact an import and export consulting company who will guide you through this process to make sure everything goes smoothly.
However, if you are planning to start an export and import business, it is one of the best decisions you should make to generate more sales and profit for your business. However, a company must be very careful when choosing an import and export consultant.
How Import Export Consultant works to solve the import and export process:
1. Government Process
Completing the government process is not an easy task. This is especially true when writing documents to offer goods and services in foreign markets. The Import-Export Consultant will provide relevant documents and permits before starting work.
2. Bank
They will help you collect taxes and fees. It also helps you obtain a letter of credit or LC that guarantees payment for goods shipped abroad.
3. Temporary Obligations
4. Export/Import documents
There are many private companies and import / export consultancies that offer services to facilitate a company or institution the import and export of goods and services to a target market. Import and export consulting not only helps to recommend the right market but also contributes to the smooth running of all processes.
Everything you need to know about Customs Broker
Customs brokers are experts in international trade their job is to keep up with changing rules and regulations, and to make sure their clients have all the documents and licenses they need to bring goods into the Country of Import
You will find that both freight forwarders and customs brokers offer their services to businessmen. Customs brokers generally handle import and export procedures, while freight forwarders are experts in logistics. However, many freight forwarders can also act as the Customs Broker for customs and logistics inquiries. If you are considering hiring a freight forwarder to move and transport your goods, it is worth checking if they also offer import brokerage services.