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New Age Purchasing
e-Sourcing

More and more Purchasing and Procurement Managers and even public institutions in the world are shifting towards e-buying in more and more fields including oil and gas, construction and industrial sectors. The shift in e-Procurement is more evident and to great extent beneficial when sourcing materials is not available in the local markets in the Gulf or when the local supplier/agent is not stocking the right mix of products in their local inventories. In a good number of cases the pricing is more competitive with the major stockists in industrial and construction supply houses stocking the material at their warehouses are not bound by any agency distribution controls and are able to ship the items to end users worldwide.

The World’s major e-Sourcing Suppliers in the region include Mac Master Carr, e-Industrial Suppliers, Grainger and True Value who are the prime and leading stockists and suppliers of industrial and construction supplies and equipment with over 1,000,000 priced products available online from over 15,000 vendors/manufacturers stocked at their 35 warehousing facilities in the US and Europe. Recently, some of the e-wholesalers have opted to pre-position stocks here in the Persian Gulf. In this age of global information technology and high speed internet, it is becoming more and more easier to compare pricing, availability and delivery with the simple click of your fingers. To compare technical specs for the various products, place order and even negotiate better deals for our companies when needed, is now just a click away. “The information technology age coupled with the revolution in terms of package tracking and shipment management has made it so comfortable to organize and manage shipment worldwide for us and for our customers,” says Patrick Flanagan IV, Vice President of e-Industrial Suppliers, a US industrial and construction equipment and supplies stockist Company based in Delaware. Mr. Flanagan adds, “We are serving oil and gas companies; construction and electro-mechanical contractors worldwide and are receiving more and more inquiries and RFQs from the Persian Gulf; South America, and the oil-rich former Soviet countries. We are shipping small packages, from specialized bolts, tourqing instruments, safety breathing apparatus; gas detectors, portable toilets, to container loads of tower lights and other equipment. Inventory in our 8 distribution center are available for viewing to any of our customer service representatives 24 hours a day and are able to reserve material for customers who are going about their business at 2 p.m. in Korea while it is Thanksgiving weekend in the US. Due to this amazing information highway we are able to take the necessary action for our customers worldwide in spite of the fact that one side of the world is mostly off and the other side of the world at any given moment vibrant, and the added variation between the two sides of the world in some cases due to various holidays or weekends. We cater to customers 24 hours, 7 days a week and are able to manage requirements and issues in the shortest span of time,” reiterated Mr. Patrick Flanagan IV.

e-Procurement has affected our sourcing methodologies and e-buying has become an integral part of our e-lives as buyers and purchasing officers. Nowadays Purchasing managers have a good number of choices in terms of stockists in industrial and construction supply companies that can be visited online and we are able to look at what the various e-Supply Houses are offering, compare their e-pricing, e-technical specs, and e-availabilities. Weight and dimensional weight becomes more important when considering air shipment as weight is not the only factor we need to consider when making a decision on any e-order. Volume, weight and size of a Rubbermaid trash bucket we are considering to buy and its dimensions can become an issue and shipping by air, sea, postal service, LCL or container. Other important considerations we need to study include shipping the material to the consolidation facility, or simply order it ex-works and have your freight forwarder pick the items from any of your stocking suppliers.

Times have changed and e-Procurement is playing and will continue to play a bigger role in our lives as e-Sourcing is now a must for trading houses, contracting companies, institutions, oil and gas companies and even governments.


Site Last Updated on Wednesday, December 24, 2014 | Designed & Developed by e-Industrial Suppliers