Steel Industry and Procurement Process in India

Since the beginning of this century, the designing and detailing of steel structures have moved past pencil and paper models to hug-tech and sophisticated graphic models. Over these years, investors have been investing in machinery and technology to improve the efficiency of this process. The introduction of internet and email services have proved to be a boon to the steel industry.

But, it is a disgrace to see that in this technology-oriented world pen, paper, faxes, etc still dominate the zone of steel procurement. The steel industry needs a change, a change for the better. So, we introduce to you OfBusiness – India’s first financing and fulfilment platform. Our in-depth expertise and end-to-end procurement initiatives will digitize and transform your procurement system. OfBusiness aims towards taking your current procurement process to a whole new level through a high level of accomplished data analytics and data extraction abilities.

At OfBusiness, the procurement is broken down into 7 simple steps to make it easier for you to connect with us quickly and take a step towards making your steel procurement process even better.

• Open our official website www.OfBusiness.com. As soon as you open our website, you can find a short video that explains in detail the perks of getting connected to our OfBusiness family.

• You can directly get the quotes for your raw material procurement by clicking on the get quotes button on the top left side of our web page or you can also scroll down to The Best Quotes link under which you will find variables such as Steel, TMT bars, Polymers, etc.

• Click on the Steel option. This will take you to another tab where you will have to give your phone number and then fill in the OTP that has been sent on your number. Now you have registered yourself to get the best price quotes from our e-procurement system. You will be approved by our smart procurement process or system within 3 days of registering with us.

• After this will be providing you with a collateral-free credit with a limit of up to 2 crores, which will be based on our practical evaluation of your company’s financial stability. Your limit will be assigned to you as per your working capital requirement.

Unlike banks, the procurement process is  fast and hassle-free. You have to pay the interest for only the amount that you use as per the number of days that you use it.

• Once you receive the credit, we fetch quotes from multiple suppliers and manufactures to get you the best prices. Here, you also have the option to get your supplier to bid as well. Once you select your preferred supplier, the next step is to rely on our strategic sourcing.

• In the last step, our team starts working on your behalf to ensure the delivery of your steel as per your expectations. You can download the OfBusiness app to keep track of your delivery.

We offer you the best-in-class logistics, at no hidden charges or penalties, maintaining a smooth flow of credit and information, and on-time delivery. Why wait for more? Get in touch with us today!