Buying and sourcing from Kazakhstan. What to import and how to procure?

Buying and sourcing from Kazakhstan. What to import and how to procure?

Almaty opera house

Kazakhstan: on the rise

Kazakhstan is the world's largest landlocked country, and the ninth largest in the world, with an area of 2,724,900 square kilometres. The capital is Astana, where it was moved in 1997 from Almaty, the country's largest city. Kazakhstan was the last of the Soviet republics to declare independence during the dissolution of the Soviet Union in 1991.

The economy of Kazakhstan is the largest economy in Central Asia. It possesses enormous oil reserves as well as minerals and metals. It also has considerable agricultural potential with its vast steppe lands accommodating both livestock and grain production, as well as developed space infrastructure, which took over all launches to the International Space Station from the Space Shuttle.

The GDP per capita has strongly dropped from around 13,000 USD in 2013 to 7,500 USD in 2016, mainly because of the decline in oil prices, but is projected to grow in the next few years.

How to find the right supplier and how to ensure that you get what you want, without any problems? Follow these guidelines for success.

Buying something and sourcing is something different

Buying something is mostly easy, if you know the supplier already. Sourcing is the process of finding the right supplier, who can either be a manufacturer, importer or distributor. And sourcing is all about getting the right pricing and delivery conditions.

Have a good procurement strategy in place

Procurement is the overall process of sourcing and buying (or purchasing). You should have a process in place, to optimise the balance between the effort in finding the right sources and negotiating a lower price, and the pricing itself. Typically for larger purchases, it makes sense to do a broad search and, especially where it comes to searches abroad, to hire somebody to do the sourcing for you.

Select the right manufacturers and double check

Before you start ordering complex products or large quantities, make sure that you check your source. If you don't go there yourself, then send somebody trusted, preferably who understands the local language and knows the local situation.

Check the export and import procedures

Import duties can limit the financial advantage of sourcing abroad. And customs formalities can further increase shipping times. Therefore check in advance whether the country that you are planning to source from and the applicable duties.

Alliance experts can help you find the right supplies abroad

Alliance experts is a global network of business development specialists. We are active in all important economies around the globe and meet many manufacturers and trading companies. With our international team we can relatively easy look for suppliers abroad who can provide you with a unique product features or a lower cost price.

 

This entry was posted in temporary on June 16, 2018 by Tanushka.