Successful large businesses typically spend a major portion of their revenue on these goods and services and will have internally developed strategic procedures (procurement processes) to ensure that their purchases are providing value in addition to resources. However, even these large businesses will often use a procurement company when transacting internationally.

At face value, procurement may seem like a fancy word for purchasing, especially considering these two words are sometimes used interchangeably (although they are not the same thing). However, Kassab Enterprises’ procurement process stretches far beyond the straightforward act of exchanging payment for goods.

The following is an example of a typical Procure-To-Pay Cycle. This process can be relatively simple, as outlined below, or it can be a much more involved process:

• Identification of Requirement
• Authorization of Purchase Request
• Approval of Purchase Request
• Procurement
• Identification of Suppliers
• Inquiries/Receipt of the Quotation
• Negotiation
• Selection of the Vendor
• Purchase Order Acknowledgement
• Advance Shipment Notice
• Goods Receipt
• Invoice Recording
• 3 Way Match
• Payment to Supplier

Kassab Enterprises specializes in the procurement of resources from the Middle East, Japan, and India. Whether your company is looking to buy or sell end product into these markets, looking to hire employees or consultants, or are interested in components or raw materials, Kassab Enterprises can help you with any aspect of your business.

Kassab Enterprises has helped guide many small to medium sized businesses through the maze and the inherent confusion that comes from buy/selling across borders with different languages, time zones, currency, regulations, and cultural mores. The services of a procurement company like Kassab Enterprises becomes an important success tool that many smaller businesses have in the past been excluded from.