JD Business Opens up New Retail Market for JD.com
JD.com is taking a stab at procurement with its latest retail channel. The channel is called JD Business and allows a procurement supplier and contractors to sell their wares to JD’s impressive community of consumers. As Jingdong serves 300 million people the saturation JD Business creates is more than fair. JD.com is also known for its transparency which saves companies time as they know the best quality services offered are trustworthy.
Procurement is the often ignored aspect of running a new business that ironically is one of the most important things a company has to do. It is the task of supplying a business with all the odds and ends it needs to run. Procurement also involves finding contractors to handle simple and complex repairs. Without out procurement employees do not have the supplies they need and the building itself can fall into disrepair. The only drawback to procurement is that it is a tedious exercise. It can also cost a pretty penny.
According to JD Business hopes to neutralize that by not only saving time but money in the procurement process. The channel will help companies find the right suppliers to meet their specific needs. JD Business is another wing of JD.com’s impressive Retail as a Service project. As with JD Chain and JD Open Source, it focuses on using JD’s infrastructure to help businesses operate. Instead of software, however, JD Business will focus on hardware. By inserting itself as the middleman the company gives other businesses a leg up in their procurement needs and once again optimizes effeciency.
Learn more: https://re.jd.com/liu-qiangdong-jd-ceo-about