Indenting
Indenting is a procurement process where an intermediary, known as an indenting agent, places orders for goods or services on behalf of a buyer from a supplier or manufacturer. The indenting agent facilitates the entire order process, from negotiating terms and pricing to finalizing order details. This includes specifying the quantity, quality, and delivery schedule of the goods. Indenters leverage their expertise and market knowledge to secure favorable terms and ensure that the ordered products meet the buyer’s requirements.
The process of indenting involves handling various logistical and administrative tasks. This includes preparing and managing purchase orders, contracts, and shipping documents, and arranging for the transportation of goods. Indenters also oversee risk management aspects, such as arranging cargo insurance and addressing any issues related to quality or delivery discrepancies. In some cases, they provide after-sales support to resolve issues that may arise post-delivery, such as warranty claims or product defects. By managing these complex aspects, indenting agents simplify the procurement process and ensure that goods are delivered efficiently and in compliance with all relevant regulations.
