At Peagle, Procurement Services are at the heart of what we do and very often our competencies enable our clients and partners to leverage Peagle’s procurement scale and expertise in order to meet essential supply needs. Our vision is to satisfy our customer. This also means that in order to achieve that vision, we work with countless teams and departments to ensure that there is fluidity in every step of our processes. We are dedicated to ensuring that all supplies, materials, equipment and services are procured at the lowest possible cost using qualified vendors. The cost being defined as the optimum combination of price, quality, availability, delivery and service level. It’s easy to stay with the same supplier year after year but we help to evaluate if they are still right. When in front of our Client, we suggest cost savings through smarter procurement, reduced overheads, optimized supply chain processes and minimized risks. Direct contact with the Owners of our Clients is fundamental.
- First, identify products for purchase as required by our client
- Submit an inquiry or request form to the appropriate vendor and evaluate the best possible option for our client.
- The completed request form will then be reviewed. If the requested items and services fall under our mandate, a cost estimate will be prepared. This cost estimate includes the terms and conditions, such as delivery and payment terms, cost of goods/services, handling fees, freight and insurance, and a 6 percent contingency buffer.
- A Memorandum of Understanding (MoU) must be signed between the partner and Peagle before procurement begins. The MoU outlines the legal framework under which procurement services are provided.
- Upon acceptance of Peagle’s cost estimate and receipt of advance payment, Peagle initiates procurement. Supplies are then delivered to the consignee.
- A Financial Statement of Accounts is issued by Peagle after delivery of all goods/services and after receipt of all invoices. Any remaining balances are settled.
- Throughout the process, supply availability and accessibility are monitored and communicated.