A procurement agent is usually engaged entirely in procurement service activities, but the agent may also be involved in the selection of suppliers of materials. The suppliers’ relationship may not be an important intangible or the value driver for a procurement agent. The agent is responsible for passing the orders from the end buyers to the most appropriate suppliers, monitoring the suppliers’ production procedures, inspecting product quality, and ensuring the completion of orders.
- State Administration of Taxation (2017) Questions and Answers: Transfer Pricing Investigations and Adjustments. China: China Tax Publishing House.Google Scholar