The procurement industry is expected to experience significant growth in the coming years, with a projected CAGR of 10.4 percent from 2022 to 2030 and a market size that is expected to reach $13 billion by 2030. This expansion has necessitated the necessity for dependable sourcing partners.
Medoc Sourcing Consultants is one such global sourcing organization that offers buying advice across Pan Asia and United States with a combined industry experience of 50+ years.
Medoc started in 2014 with a small $15,000 cargo ship¬ping to the US and has expanded at a 30 percent CAGR. The founder thought of 'Medoc' while drinking wine in France's Medoc in 2013 and in Oct 2013, Medoc Sourcing was born. Medoc offers products in variety of categories, including organic bedding, fashion bedding, rugs and floor coverings, high-end accessories such as bags, scarves, and sarongs, and apparels for all in addition to candles, portable entertainment, wall decor, and small appliances.
“We strongly believe that quality assurance starts from Day 1. Our processes entail a detailed analysis on the Product Design concept, studying of computer-aided designs in detail and reviewing raw samples for critical failures/child safety/ FDA safety regulations/packaging requirements. We, then provide the customer with a finished sample for sign-off. This approach helps us manage the production milestones easily”, shares Pramod Rana, Founder & CEO of Medoc Consulting about the process undertaken by the firm to ensure clients receive the best services and highest quality. “Since 2015, Me¬doc sourcing and consulting has helped us execute our USD 8 million Indian company, from design to quality to timely de¬livery”– Shares CEO, Porter Designs, USA.
Not only are Medoc's home product services distinguished by their products, but also by their people. Clients place a premium on ethics, and Medoc team is renowned for its strong sense of responsibility, on-time delivery discipline, transparent approach, and exceptional technical expertise. Hence, the company holds a leading position in its industry. “We are one of the leading sourcing consultants and very strong in two main categories which go hand-in-hand –Solid wood furniture (Bedroom collections) and Decor, Rugs & Bedding. We have a talent pool of highly experienced people who can cater to all segments”, shares Pramod Rana.
Closer home, Medoc’s Founder, Pramod has consulted one of the Big Four Consulting Firms and one of the Indian Minis¬tries in the space of home industry.
Plan Ahead
To be future ready, Medoc has made substantial investments in its technology and processes. Medoc’s digital and online interactive platform enables the clients to access real-time factory information as opposed to waiting until the very end to learn the shipment status. This transparency prevents unpleasant surprises.
Medoc’s extensive western market experience has earned tremendous market credibility, and Indian enterprises are seeking them with their domestic business demands. The ex¬act same processes which are geared to cater to the international markets are being deployed to give Indian businesses an edge. MD, Poettery, India shares - “Since last year, Medoc sourcing has been a terrific sourcing partner. We worked with them on several projects and were pleased with the pricing, delivery, and quality".
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