A spot purchase is an immediate purchase to meet current needs rather than future demand or stock. Spot purchases can be challenging when suppliers are unknown or prices vary between suppliers. To find suppliers for a spot purchase, one can open a marketplace on Kopiki, a procurement platform. Opening a marketplace requires making a buyer account, selecting a product category, providing a description and delivery details. Relevant suppliers can then join the marketplace to provide proposals.

1. Making Business Happen
Spot purchase process

2. Making Business Happen
• What is a spot purchase?
• Why are spot purchases challenging?
• How to find suppliers for a spot purchase?
Spot purchase process

3. Making Business Happen
What is a spot purchase?
• A spot purchase or spot buying is the practice of
buying to meet immediate requirements, rather
than for stock or to meet future demand
– www.cips.org

4. Making Business Happen
Why are spot purchases challenging?
• Spot purchases may be a deliberate purchasing
strategy with known suppliers when prices are volatile,
especially when prices are falling to save money
before they rise
• Occasional or infrequent purchases can also be
operated as spot purchases and these can be
challenging where the suppliers are not known in
advance or where there may be volatility in price
between suppliers
– In these scenarios opening a marketplace on Kopiki can
help at www.kopiki.com where supplier discovery is a
service provided by Kopiki

5. Making Business Happen
How to find suppliers for a spot purchase?
• Opening a marketplace for spot purchases is actually no
different from any other purchasing marketplace on Kopiki
• The minimum requirement is to open a buyer account.
There is no charge to open a buyer account and to operate
and open one marketplace each month
• The marketplace is opened by selecting a product or
service category, providing a description and a few
associated details such as delivery location
• Relevant suppliers are then invited to join your online
marketplace where you can review and discuss their
proposals

6. Making Business Happen
Questions?
Getting Started with Kopiki
Contact Kopiki
alan@kopiki.com
Chief Marketing Officer