Understand the challenge
Companies buying the same items year after year often have purchasing patterns worth re-examining. A spending audit brings together invoices, part numbers, current suppliers, unit costs and projected orders. Product families can then be ranked by annual spend and the consistency of their technical specifications.
How to structure the project
The detailed report compares incumbent purchasing with quotations from factories capable of supplying equivalent quality. Inventory financing, minimum order quantities, testing, duties and freight must be included. Removing a distributor margin only helps when the extra responsibilities of direct importing do not erase the savings.
Points to verify
- Consolidate multi-year purchasing history
- Prioritize recurring products and potential manufacturers
- Calculate net savings and operational risk
How Beaver Imports can help
Beaver Imports helps professional buyers with manufacturer sourcing, comparative supplier analysis and international purchasing coordination. Every project begins with the product requirements, volumes and rules of the destination market. Potential savings are assessed against equivalent quality, complete landed costs and documented risks.