JD.com has emerged as a leading e-commerce outlet not only in China but also in the greater Asian region as well. Jingdong’s success in online retailing has put it on the coveted position as the largest retailer and internet firm by revenue. The company has stayed committed to delivering authentic and top quality products ranging from electronics, cosmetics, apparels, and food products. Their vast network covers more than 99% of the Chinese population.
JD.com’s reputation as a leading online retailer has been instrumental in its provision of procurement services to various firms. Their many years in the sector have put them in a position to meet other companies’ procurement needs and fulfill an unexploited market. Some of the procurement areas they specialize in include improving other firms’ procurement process, maintenance of office components through repair and finally buying of office supplies such as furniture and computers.
Most companies that have worked with JD.com confess that the relationship has significantly improved their operations. Jingdong has acted as a one-stop solution to various companies and provided them with services that were hitherto unavailable to them. Companies that have worked with them reveal that they have managed to improve their procurement efficiency by at least 50%. With such positive testimonials, JD.com has managed to increase its market share, currently having more than 7 million enterprise clients.
A One Stop-Solution to Traditional Procurement
JD.com’s introduction of procurement as one of their services could not have come at abetter time. Their services have overshadowed traditional procurement that was highly inefficient and opaque. Apart from being inefficient, traditional procurement required companies to have individual relationships with different suppliers and at times rely on incompetent merchants. The benefits that are associated with modern procurement cannot be underestimated.
For instance, Jingdong gives its clients an opportunity to access a plethora of products from various suppliers on the same platform. The process has simplified traditional procurement that required you to go through a long list of suppliers and setting procurement teams to meet with prospective customers. Indeed, their system has brought not only transparency but also reinforced trust among them and their clients. The company’s spirited effort to provide tailor-made services have created a loyal pool of customers over the years.
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