Power2sme.com - India Buying Club
Power2sme.com is a B2B Marketplace in india, It's to empower small and medium scale industries by facilitating easy procurement of raw materials. The company also offers a loan facility upon request to SMEs. Over time, it has become a portal for high-quality buyers and suppliers.
Power2SME is creating India's No 1 B2B Digital Ecosystem for SMEs which delivers raw material procurement at competitive prices and access to finance at improved rates of interest thus driving higher efficiencies and profitability. Power2SME function as a 'buying club' and help SMEs benefit from economies of scale as a result of volume purchase and buying power across a large network of manufacturers. Raw material procurement is approximately 70 % of recurring costs of a manufacturing SME, and the unstructured market offer a unlevelled playing field for SME players. Large enterprises get better pricing than SMEs as a result of volume / Quantity of purchase power. Power2SME by disrupting the current inefficiencies of the supply chain eliminates the intermediaries which directly impacts raw material costs and increases business efficiencies for the SMEs.