Commodity
Sourcing
&
Procurement
Agency

Commodity Sourcing & Procurement Agency refers to the process of obtaining raw materials, goods, products or semi-products from various suppliers or producers in Russia to meet the demands of a business or organization. These commodities can be basic agricultural products, natural resources, or other essential items that are used in manufacturing, production, or trade. Our goal of commodity sourcing is to find reliable and cost-effective sources to ensure a steady supply of necessary materials.

Identifying Requirements: The first step in commodity sourcing is understanding the specific needs and requirements of the business. This involves determining the types and quantities of commodities required, as well as any quality standards that must be met.

Market Research: Once the requirements are clear, the sourcing team conducts market research to identify potential suppliers or producers. This involves gathering information about various suppliers, their capabilities, pricing, reputation, and other relevant factors.

Supplier Selection: Based on the market research, the sourcing team shortlists potential suppliers who meet the business’s criteria. They assess the suppliers based on factors such as reliability, financial stability, capacity to meet demand, product quality, ethical practices, and environmental impact.

Negotiation: After selecting potential suppliers, the sourcing team enters into negotiations to establish the terms of the agreement. This includes discussing prices, payment terms, delivery schedules, and any other relevant contractual terms.

Quality Control: Ensuring the quality of the commodities is crucial. Suppliers may be required to provide samples or undergo inspections to meet the specified quality standards. Quality control measures are put in place to ensure consistent quality throughout the sourcing process.

Logistics and Transportation: Our sourcing process also involves organizing the logistics and transportation of the commodities from the supplier to the buyer’s location. This may involve coordinating with shipping companies, chartering services, freight forwarders, or other logistics partners.

Supplier Relationship Management: Building strong relationships with suppliers is essential for a successful sourcing process. Regular communication and collaboration help in resolving issues, addressing challenges, and optimizing the sourcing partnership. Hence our Strategic partnership program to grow a healthy network of multiple partners within the Russia.

Risk Management: Commodity sourcing comes with inherent risks, such as supply chain disruptions, price fluctuations, or geopolitical factors. To mitigate these risks, businesses may use hedging strategies, maintain buffer stocks, or diversify their sources.

Continuous Improvement: Commodity sourcing is an ongoing process, and businesses continuously review and improve their sourcing strategies. This may involve exploring new suppliers, optimizing supply chains, or adopting more sustainable sourcing practices. Commodity Sourcing & Procurement Agency strive to improve our strategies continuously and improve our service.

Market Research
Product Sourcing
Product Sampling
Manufacturer Audit
Building a Communication Bridge
Sourcing Product Suppliers
Tackling Negotiations
Quality Control
Freight Logistics Coordination
Warehousing
Follow Up Production
Payments Arrangements