B2B sourcing is often a digital platform that brings buyers and manufacturers/service providers together to enable procurers to source products from suitable suppliers. The marketplace allows procuring companies to select the ideal supplier from a vast gathering of manufacturers.

The key factors of B2B procurement platforms?

• self-service enablement: an effective marketplace should allow buyers and sellers to engage in business dealings with transparency and free flow
• multi-vendor enlistment: It is essential for a B2B sourcing platform to have multiple vendors, specializing in different product manufacturing, with varying experience and pricing.
• digital security: in this day and age of digital transactions, digital safety is a mandatory feature.
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Source URL : https://www.industryexperts.co.in/b2b-manufacturer-sourcing-india