spot purchase process

Making Business Happen

Spot purchase process


• What is a spot purchase?• Why are spot purchases challenging?• How to find suppliers for a spot purchase?

Spot purchase process


What is a spot purchase?

• A spot purchase or spot buying is the practice of buying to meet immediate requirements, rather than for stock or to meet future demand– www.cips.org


Why are spot purchases challenging?

• Spot purchases may be a deliberate purchasing strategy with known suppliers when prices are volatile, especially when prices are falling to save money before they rise

• Occasional or infrequent purchases can also be operated as spot purchases and these can be challenging where the suppliers are not known in advance or where there may be volatility in price between suppliers– In these scenarios opening a marketplace on Kopiki can help at

www.kopiki.com where supplier discovery is a service provided by Kopiki

http://www.kopiki.com/


How to find suppliers for a spot purchase?

• Opening a marketplace for spot purchases is actually no different from any other purchasing marketplace on Kopiki

• The minimum requirement is to open a buyer account. There is no charge to open a buyer account and to operate and open one marketplace each month

• The marketplace is opened by selecting a product or service category, providing a description and a few associated details such as delivery location

• Relevant suppliers are then invited to join your online marketplace where you can review and discuss their proposals


Questions?

Getting Started with Kopiki

Contact [email protected] Marketing Officer

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