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What is big risk when we purchasing International level or purchase from different country on first time?

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Question added by Mohd Mustaqeem , Executive Secretary , SAUDI PAN KINGDOM CO
Date Posted: 2014/09/06
Tarek Galal Wassal
by Tarek Galal Wassal , Procurement Manager , Islamic Development Bank

Plus what Mr. Md. Sohag Meah stated, I can add the following:

 

The risk is available in different aspects when we purchase internationally, either first time or not:

- risk on shipping: delay of delivery, problems with clearance and customs, damages. 

- risk on exchange rate: if the original price changed against the ordered price due to different factors such as a change on the exchange rate of the currency of origin. 

- risk on support and after sales service: warranty is not valid in your country or spare parts are not available, which costs you more to import these parts. 

 

 

Md. Sohag Meah
by Md. Sohag Meah , Senior Executive , Abul Khair Group

The biggest risk while purchasing in international market for the first time is to get frauded by dishonest or false people / companies. Hence a carful / close eye and contact is to be kept while doing business with new companies internationally....

Ahmed Shawkat
by Ahmed Shawkat , Procurement Manager , EL SEWEDY ELECTRIC EGYPLAST

Mr Tarek Galal answer is perfect ,i would like to add one more factor , you have to know if the country that you are buying from having a partnership with your country it may reduce the customs fees or may exclude it and that will be a very good benefit to you .

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