Building and growing your Amazon business

The multinational giant Amazon has been growing from strength to strength. In 2017, for example, its total global sales reached a reported £124.6 billion (31% up on the previous year), and profits reached a staggering £2.1 billion (compared to £1.7 billion in 2016), according to a story by the BBC on the 1st of February 2018.

Amazon for businesses

Part of the company’s growth has been fuelled by its recent objective of becoming a “one-stop shop” for the purchasing requirements of small to medium-sized businesses (SMEs) around the world.

According to Amazon, that business model offers the advantage of:

  • reducing procurement costs for businesses through the invoicing of payments to multiple suppliers;
  • reducing the administrative time spent in essential purchasing processes;
  • establishing a single Amazon account which consolidates purchasing and so improves a company’s monitoring and control of expenditure;
  • providing management tools for the reconciliation of invoices received for purchases;
  • expanding the options by which companies may reach business solutions with their suppliers; and
  • maintaining a confidence in and a familiarity with the Amazon brand name.

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