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Strategic Sourcing Process
Our Approach: 5 Stage Strategic Sourcing
With the modern consumer becoming more concerned about where products are coming from and the values a business holds. Moreover, it has become increasingly important for businesses to strategically source manufacturers that can meet consumers’ demands, without having a negative impact on profitability and efficiency.
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Armed with this knowledge and over 15 years of experience working within the strategic sourcing process and supply chain industry. In addition, we are confident in our ability to whittle down supplier lists and shortlist the suppliers that make the most sense for each of our clients.
Define The Service Scope
Upon we assess the requirements needed for your business, we can confidently identify the most cost-effective and reliable sources of materials, as well as the optimal production facilities needed to ensure quality and timely delivery.
Supply Base Research
Our team will start to search for the right suppliers that can best help your business and provide what you’re looking for. We will help you with clarity of mapping of the supplier markets & fit the optimal long list & shortlist in order to build up the right base with work with.
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Cost Model Assessment
We apply universal benchmarking & TCO analysis to quantify your "Must Cost" and "Should Cost" to ensure we obtain the product & services at the right level, meanwhile sustainably fitting your business target.
Negotiations & Contracting
Once we identify the supplier, we will carry on the review of contract T&Cs to ensure all the requirements are clearly addressed & defined, from product quality, and logistics to SLAs. We are able to collaborate with your functional team as legal, risk & finance as an integrated party throughout the process.
Fulfillment & Supplier Management
Once we have carefully gone through the steps above, we will start with the manufacturing process with strict adherence to our quality control guidelines.