Apr 4, 2017

Amazon enters office supplies market

Called Amazon Business, the online marketplace offers firms VAT-free pricing, VAT invoices, and software to track and limit spending. Amazon has had success with a similar service launched in the US in 2015. Amazon said there would be more than 100 million products available on the new marketplace, which would include ordinary office supplies and storage solutions as well as more specialist products such as microscopes and test-tubes. Bill Burkland, Head of Amazon Business UK said the service would offer "a new set of unique business features - from reporting and analytics to spending limits and purchasing workflow approvals". Laith Khalaf, senior analyst and stockbrokers, Hargreaves Lansdown said further competition was likely to mean keener pricing for business supplies.

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