Procurebay: Bridging Business Gaps with Smarter Solutions

Trigunayat Samb Kumar,Head of Marketing

Trigunayat Samb Kumar

Head of Marketing

The emergence of large-scale digitization in automating important business activities, such as procurement and sourcing, is gaining pace following the COVID-19 pandemic, and this is expected to favor market expansion during the projection period. The global procurement as a service market was valued at $5.94 billion in 2021 and is expected to increase at a compound annual growth rate (CAGR) of 10.4 percent from 2022 to 2030.

The integration of technology into procurement processes enables strategic sourcing and supplier management to become more proactive and effective, which is expected to reduce costs and increase corporate profitability. As a procurement service provider, the objective is to guarantee that the most recent technologies are used to help organizations forecast better in terms of sourcing and procurement.

Procurebay launched its endeavor in 2019 with a team of creative and knowledgeable individuals. In this digital age, when everything is done digitally, the company provides you with a platform that allows you to operate more efficiently, quickly, and intelligently. It is a one-stop destination for anyone who wants to focus on their business/ sales rather than spending time on less productive work like buying goods and services.

They sell goods associated with businesses or corporations, including procurement department outsourcing wherein it is developing a marketing reach strategy for merchants, brands, and businesses that will assist them in establishing a connection with their users or consumers.
The company offers a wide range of items to its customers, including security systems, electronics, office supplies, and branding materials. It has offices in Nagpur, Delhi, and the Head office in Jaipur. The company has its network partners that are ready to provide material to their consumers at their locations. As a result, through that network, they provide a PAN-India service. Due to the current economic climate, everyone is focusing on cost reduction. So, without a doubt, this procurement source will provide every firm, particularly startups, with the desired quality materials at the lowest cost or economic cost.

Procurebay sources its materials in bulk and the benefits of bulk buying are transferred to customers, thus the firm passes that benefit on to its partners. Along with this business-to-business sourcing, wherein the company has begun delivery of IT products and surveillance materials. And, since that period about 10, it has increased its sales turnover to roughly 80-90 percent and expanded two offices.

Lokendra Tiwari, Director

The corporation plans to open a new store every year following COVID, which is one of its future goals. Every year, the firm will undoubtedly open another store, and more and more partners will provide its products and services in their respective areas. So the costs will be minimized, and its services will be on the lower cost side; now, the company's plans include IT, surveillance, and packaging material. They are now examining additional goods regularly.

We are a one-stop destination for business that wants to focus on their sales/Critical activities rather than investing time in non-core activities like buying goods and services

New materials are also being added by the firm. The company's vision concentrates on removing barriers that buyers & sellers face in the market. "Procurebay wants to deliver goods at bulk rates to the end users. The company wants to increase its product portfolio by 100 times in the next 5 years and enhance its online sales by 100 percent CAGR. The company is assisting startups / midsize firms by providing the best rates for required supplies", explains Trigunayat Samb Kumar, Head of Marketing, Procurebay.