Empowering businesses of all sizes to create sustainable, efficient, and diversified procurement processes and activities.
What is procurement?
Procurement is a series of activities and processes that are necessary for an organization to acquire necessary products or services that meet their goals and objectives. Procurement involves the process of selecting vendors, establishing payment terms, strategic vetting, the negotiation of contracts and actual purchasing of goods. Apart from achieving cost savings objectives, an effective procurement process helps an organization enhancing supplier performance, compliance, risk management, contract utilization, and sourcing cycle time. Procurement is an end-to-end process that covers everything from planning purchases to negotiating pricing, making the purchases, to handling inventory control and storage.
Procurement is, essentially, the overarching or umbrella term which purchasing and sourcing can be found.
Services Offered
New Product Development and manufacturability analysis
Mold and tooling analysis and development
Vendor/Supplier research, assessment, and selection help
Contract review and negotiations
Contract Manufacturing Management
Domestic and off-shore project management
Vendor Management
Management of RFQ/RFP process (creation, dissemination, and analysis)
Strategic sourcing for long term planning
Creation of Procurement Policies and Procedures
Training of Procurement staff
Efficiency improvement analysis, planning, and implementation for existing procurement programs
Diversification of existing supply chain
Management and creation of Purchase Orders
Logistics and transportation for goods
About us
What we do
We offer businesses the expertise of an in-housing procurement team with knowledge in multiple materials and industries, but not the price tag. It allows businesses that are relying on their limited resources the flexibility and adaptability to change with their business needs. Our goal is to help businesses of any size, from startups to established companies, to be as responsive as possible to fit their needs. We offer innovative thinking and practices to help businesses "spend smarter" at every point in your business's life cycle.
Material expertise
Plastics - Injection, extrusion, blow mold, vacuum mold
ABS, PP, PU, Tritan, POM, SAN, Acrylic, PE, PVC, etc
Glass and fiberglass
Textiles
Electronic components
Polymers - compression, thermoset
silicone, TPR, rubber, etc
Metals
hot/cold rolled, casted, machined, water jet, deep drawn, stamping
Chemicals
Minerals
Industry expertise
Luggage and travel accessories
Sporting goods
Aerospace
Food process
Plumbing and backflow systems
Gifts
Housewares/Home Goods
Technology
Vending and cashless systems
Conveyors
Why we do what we do
Most companies develop their Procurement department last because usually the initial focus is on sales and marketing to build up brand recognition and their demand. When a company is lean, many employees take on multiple roles and usually the procurement function defaults to the CEO/Owner or someone who is not trained in procurement processes. Hiring or developing the procurement role within an organization is not always possible due to constraints that businesses face. Most businesses typically spend between 45-65% of their sales revenue trying to procure their goods and/or services themselves. Leaving little time, money, and resources to develop an inhouse procurement team. That’s where we can help.
Instead of trying to figure out the procurement maze yourself, Procuredly can offer businesses of any size a procurement professional at an affordable price and based on your specific business needs. Our goal is to help businesses become sustainable, efficient, and diverse.
