What is it industry

Industry is a set of similar types of entrepreneurial activity that have common features. Within a chosen industry, companies or entrepreneurs perform certain tasks and processes to achieve set goals.

In the context of public or commercial procurement, an industry is a category in which a specific type of goods, services, or works is purchased.

Which Industries Are Represented on the Electronic Platform?

Currently, in Ukraine and the world, there are many branches of activity, ranging from growing vegetables to art. For each of them, there is a demand for online trading. By working on SmartTender, companies or entrepreneurs have the opportunity to regularly receive orders from commercial or government agencies.

Some of the most developed and profitable procurement categories today are the following:

1. 1. Construction and repair. Representatives of this industry perform work on the construction and repair of objects for various purposes: buildings, bridges, roads, etc.
   2. Food. This broad industry includes the supply of various goods: meat products, milk, butter, cereals, drinks, vegetables, fruits, etc. Manufacturers and suppliers of this category successfully sell their products for the needs of regional administrations, schools, organization of state events, etc.
   3. Medicine. Medicines, medical equipment, furniture, and other goods in this category are in high demand both in wartime and in peacetime.
   4. Energy carriers: oil, fuel, gas, etc. Despite its seasonality, purchases of this type of goods rank second in terms of profitability for suppliers.
   5. Furniture and household appliances. The production and supply of such products are essential to the full functioning of public and private institutions.

Of course, the list of purchases is not limited to the mentioned industries, but these are the most popular in both public and commercial auctions.

What Determines the Effectiveness of the Business in the Chosen Industry?

First of all, when choosing an industry, it is important to focus on the following factors:

• • the number and scale of competitors;
  • the ratio of supply and demand;
  • profit growth rate.

It is also necessary to understand the procedure for controlling the business sector by government agencies.

No matter what industry you are in, you can find a large number of orders on the SmartTender.biz site. Suppliers of all sizes and backgrounds are successfully negotiating purchasing agreements with customers and earning consistent profits.