Types of Buying Offices: independent

Independent buying offices are typically owned and managed by independent professionals who specialize in sourcing, negotiating and procuring goods and services on behalf of their clients. These professionals usually work on commission, negotiating the lowest prices with suppliers and securing delivery terms that best meet their clients’ needs. Independent buying offices are a cost-effective option for businesses that do not have their own in-house procurement department or lack the expertise in commodity markets and supplier networks to get the most favorable deal for their products or services.