Product Development & Sourcing

Expertise, relationships, and value working together

Smart Product Solutions

Product development and sourcing is where Innovative Procurement got its start. We have a long, successful history of finding what companies need for the best cost and value. This is because of our expertise, diversification and relationships in this area of business. If your company has an idea for a product, bring those thoughts to the team at Innovative Procurement and we can help you make it a reality.

The Best Value

Working with various companies across different countries and regions gives us the ability to find the best value for our customers. When companies work with us to develop or source a product, we can offer multiple options to find the best cost savings and product to fit your needs.

In addition to providing the more economical option, we are also focused on quality. Any certifications or tests that need to be achieved, we can assist with those. We want you to be proud to put your company’s name on the product.

We work hard to put our expertise to work for you when it comes to product development. With generations of experience and relationships to draw upon, you can trust that we’ll exhaust all options to bring the best to you.

Diversified Options

In today’s market, it’s good business to have product sources located in different areas of the world. This helps to protect us from shortages and ensures we’re able to get the best quality for the best price.

We have close business ties in the Asia region and are able to work closely with businesses there to source materials and products to make your product a reality.

Countries we partner with:

China
South Korea
Taiwan
Vietnam

Indonesia
Philippines
Japan

Product Development Process

At Innovative Procurement, we’ve worked with many companies to develop and source new products. While each project is unique, most follow a few basic steps:

Ideation: Bring us your idea. We’ll go over the specifics going as granular into the details of what is needed as we can to fully understand the end result goal. Here is where we’ll decide if we need an entirely new product produced or if we can source the items.
Evaluation: Our years of experience really show here. We’ll work through the product to be developed and determine if it’s something that can be developed and which of our connections is the best to do this for us. We’ll compare costs, quality and other specifications to help you get the best value product.
Development: The design is shared with the developing company. We’ll go over prototypes and select the final product to be developed.

But this isn’t where our capabilities end. If you choose, we can also have the product shipped to our warehouse where we can manage inventory, shipping and more for you.

Global Sourcing, Proven Results

Our team at Innovative Procurement has generations of experience in sourcing and developing products for stores. We know the ins and outs of this part of the business and have the relationships to bring the best value to our customers. With connections throughout the world, we’re able to find the best way to make your idea a reality.

The IP Advantage

When you work with Innovative Procurement, you offload a portion of your work to us. We’re professionals in product development and sourcing with relationships in the business that allow us to bring the best value back to our customers.

We already have business relationships, experience and systems in place that allow us to maximize efficiency throughout the entire process. In addition we have a dedicated team that is trained in our processes to ensure quality and value are part of every step.

Built to Support Your Business

Letting us handle what we do best for businesses like yours — product development and sourcing — means that you can focus on what you do best: Running a successful business.