INTERNATIONAL SOURCING
Senegal, located in West Africa, is known for its vibrant economy and growing industrial sector. To effectively procure and source from Senegal, strategic planning and meticulous execution are essential. Here’s a guide to successfully engage in procurement and sourcing from Senegal:

UNDERSTAND THE DISTINCTION BETWEEN BUYING AND SOURCING
Buying involves transactions with established suppliers, while sourcing requires identifying suitable partners such as manufacturers, importers, or distributors. The goal is to secure competitive pricing and favorable terms for delivery.

DEVELOP A ROBUST PROCUREMENT STRATEGY
Procurement encompasses the entire sourcing and purchasing process. It’s crucial to develop a strategy that optimizes sourcing efforts, negotiates competitive pricing, and ensures favorable terms. For significant procurements, conducting a thorough search is advisable, especially when considering international sourcing. Utilizing a sourcing partner can significantly streamline this process.

SELECT THE RIGHT MANUFACTURERS AND VERIFY THOROUGHLY
Before finalizing orders for complex products or substantial quantities, conduct comprehensive due diligence on potential suppliers. If unable to visit personally, ensure a trusted representative familiar with the local market and language verifies the supplier’s credentials.

UNDERSTAND EXPORT AND IMPORT PROCEDURES
Understanding export duties and customs procedures is crucial, as they impact the financial feasibility of sourcing from Senegal and influence shipping timelines. Researching Senegal’s regulations and applicable duties beforehand is essential for smooth operations.

SCA-PARTNER CAN FACILITATE GLOBAL SUPPLY SOURCING
SCA-Partner is a global network specializing in business development. Active across major economies worldwide, including Senegal, we have extensive experience connecting with manufacturers and trading entities. Leveraging our international team, we facilitate the process of finding Senegalese suppliers who offer unique product features or competitive pricing.

Leave a comment