JD.com or JingDong, China’s largest e-commerce retailer just recently launched an easy way to meet all the needs of the enterprises of all sizes. The e-commerce giant now introduces a one-stop shop solution for various businesses. This includes JD Business, the company’s procurement medium for enterprises that would like to purchase office supplies and avail of office services, MRO or the maintenance, repair, and operations product, and a whole lot more.
This procurement service streamlines the purchasing process for various brands. Because of this, companies that started working with JD.com’s latest service were able to achieve improved efficiency by over 50 percent and decreased their total procurement costs to more than 15 percent. At present, JD.com has over 7 million enterprise clients.
The customary procurement procedure is very tedious and entails establishing an individual relationship with various suppliers to address every aspect of the business’ needs. Most of the time, it involves checking on a long list of suppliers and requiring the procurement department to meet with the suppliers in person. With the latest enterprise that JD.com is offering, all of these are simplified.
Enterprise customers can now access a wide range of various products from various suppliers using a single platform. Being one of China’s most reputable retailer of genuine and authentic products, the system is built solidly and securely to feature unparalleled transparency to the entire procurement procedure. This solution is available to businesses of all sizes. Small and medium enterprises that are still on their unstable business stage, JingDong or JD.com offers a transparent channel known as b.jd.com for their procurement needs.
When businesses avail of this service, they will have a clear file of pricing and invoicing details. The company is also currently working with over 5,000 large businesses and has the ability to embed JD Business service into their current ERP systems. More than 80 percent of these companies in China which are on the Fortune top 500 lists are already working with JD Business for their procurement needs.
Recently, the company introduced the MRO-specific procurement channel also known as imall.jd.com. JD.com is one of the fastest growing e-commerce retailers in the world and one of the largest retailers in China. It has a current market value of around $70 billion.
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