Simplifying corporate procurement
Calyn Yap | 27 Jul 2018 00:30
A large number of local companies still go through manual procurement for office supplies, but what Tenderin Sdn Bhd wants to do is bring visibility and cost savings to the process.
Hence its co-founder and CEO Thinesh Kumar conceived Lapasar in August 2016, an online business-to-business (B2B) procurement platform.
It was aimed at providing equal opportunity for small and large suppliers to cater to a larger client base in a more transparent, convenient and effective way. The name originates from ‘la,’ which is Spanish for ‘the,’ while pasar is market in Bahasa Malaysia, says Thinesh.
The platform was launched in October 2017 after months of research and development, when Lapasar’s team sat down with various procurement teams from government-linked companies (GLCs) and multinational companies (MNCs), to build a system that could address their pain points.
He shares, “We’re a B2B marketplace on the front-end, just like other e-commerce platforms, but at the back-end, we’re an eprocurement tool with governance.”
Download and read more in the latest issue of Focus Malaysia here: