Directsource.com Provides Easy Importing From Asia. Streamlines The Supply-Chain, Helps Business Customers Import And Save
Furniture World Magazine
on
6/9/2004
DirectSource Global Purchasing (http://www.directsource.com) introduced the first, comprehensive online purchasing solution that enables global trade for businesses of all sizes. The DirectSource marketplace and importing platform allows businesses to source and purchase products from Asia in just a few clicks. The system unifies supplier selection, product sourcing, quality control, financing, insurance, ocean and domestic shipping, customs, tariffs and delivery. Customers see the total cost of their purchase up front, including delivery, with just one invoice. The system also provides end-to-end tracking of the supply chain - from purchase to delivery. A first for international trade, the DirectSource platform eliminates hidden costs, complexities and barriers of importing, making global purchasing anoption for businesses of all sizes, independent of import/export experience.
"DirectSource will simplify the multi-trillion dollar global trade process, bridging worldwide markets like no company has done before," said Joe Giordano, president and CEO, DirectSource Global Purchasing. "Importers and large retailers can benefit from use of the platform to streamline complicated procurement processes, potentially saving 40-50 percent of the overhead cost of importing. Additionally, businesses with little experience importing can now acquire goods from Asia at lower costs for the first time.
In both cases, reduction of overhead and product cost will translate directly to improving buyers' margins and profitability."
DirectSource has partnered with leading Asian sourcing companies to offer a marketplace of suppliers in the following categories: automotive; furniture and personal accessories; commercial and residential furniture; hardware; housewares; lawn and patio; lighting; plumbing and bath; sporting goods; and toys. DirectSource also has developed strategic supply-chain partnerships and created patent-pending processes to integrate shipping, logistics, customs, banking and financing. Unlike most business-to-business Web sites, the DirectSource platform manages the entire process online.
About DirectSource Global Purchasing:
DirectSource Global Purchasing utilizes the power of the Internet to create a complete, business-to-business global purchasing solution. The system enables buyers worldwide, with or without import expertise, to buy online from leading Asian suppliers in one seamless step. Founded by a team from Microsoft, Procter & Gamble and Wal-Mart, DirectSource simplifies the complex process of importing, including product selection, quality control, financing, insurance, ocean and domestic shipping, customs, tariffs and delivery. DirectSource calculates full landed-costs before the purchase and provides complete information tracking in the supply chain, providing the buyer with critical information throughout the purchase and delivery process.