Research & Procurement

Basic research is essential for nourishing the expansion of knowledge. However, in the long term it is the basis for many commercial products and applied research.

Procurement is the acquisition of appropriate goods and/or services at the best possible total cost of ownership to meet the needs of the purchaser in terms of quality and quantity, time, and location. Corporations and public bodies often define process intended to promote fair and open competition for their business while minimizing exposure to fraud and collusion.

Procurement generally involves making buying decisions under conditions of scarcity. If goods data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.

IRIS TRADE INC as well as IRIS NATURALS INTERNATIONAL have been very active performing both services very successfully in the past 9 years, as almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Also, more emphasis have been placed on purchasing strategy as the ability to obtain needed items from suppliers at realistic prices.