1. com is a Chinese online retailer. Recently, the firm announced that they were willing to assist other companies in meeting their procurement needs regardless of their size. The online retailer has a procurement channel known as JD Business, and it is focused on helping other corporations to purchase office supplies and services. Jingdong’s main aim is to ensure that they have come up with a one-stop shop solution. Many companies have gained greatly from JD Chain. Some of these companies have been able to improve procurement efficiency. At the moment, Jingdong has over seven million enterprise clients.
In the traditional procurement process, various companies need to have an individual relationship with each of their suppliers as a way of meeting their business needs. At times, these companies may have to employ a procurement team that will be tasked with meeting the suppliers in person before the working relationship commences on an official note. JD Chain has been formulated to simplify the procurement process thus making sure that companies can access different products from the same platform. Since Jingdong has a positive reputation and they only deal with purely authentic products, the corporation will also ensure that there is transparency when dealing with JD Chain.
JD Business is meant to offer its services to all enterprises whether big or small. Although small and medium enterprises are unstable, JD Business will make sure that the procurement channel is transparent. As a result, it will be easier to read through invoices and pricing information.
Jingdong will also be working with more than 5,000 large corporations, and JD Business can be a part of the ERP systems. A huge percentage of the companies that are present in the Fortune 500 list in China has partnered with JD.com, and they are utilizing the services being offered by JD Business to cater for their procurement needs. The online retailer has also spent a considerable amount of time trying to learn more about how they can serve their clients accordingly. Fortunately, Jingdong can meet the demands of each of their clients since they have a good relationship with most suppliers in China and their logistics network is also advanced.
Jingdong’s: Facebook Page.