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Procurement Co-Sourcing & Management Services
Your business functions are designed and mandated to allocate resources (business bandwidth and capital) on core activities which directly fuel business growth. Your non core Sourcing & Procurement function takes a back-seat and ends up being a supporting activity to the business resulting in:
- Cost leakages
- Suboptimal price discovery
- Lack of new vendors in business operations
- Maverick buying
- Contract non-adherence
- Preferential vendor treatment
- Poor vendor management practices
- Inefficient & incomplete material catalogue and specifications
following tangible results:
- Year-on-year landed cost savings.
- Be more responsive to the business’ needs.
- Reduce total cost of ownership for MRO items.
- Increase service levels from suppliers.
You need to squeeze inefficiencies out of your sourcing & procurement function. You need to make the entire procurement process lean, transparent, compliant and fast. You need to reduce landed cost of materials on a progressive basis. And you need sourcing experts who can manage your sourcing requirements on a commodity basis. Its not an one size fits all approach, nor a mechanical engineer sourcing all your mechanical spares and equipment needs. Industries vary by nature, complexity and cost structure, so do commodities. Transform your sourcing function by:
- Leveraging category experts who are more knowledgeable about the particular industry and its underlying cost structure
- Use of supplier data base to discover more potential suppliers and increase competition, reduce delivery and quality risks
- Use of sourcing best practices in spend analysis, demand generation, cost models, negotiation, contract management,supplier management
- Standardizing material specifications through use of commodity attribute set and reduce risks of unwanted material purchase
Last, but not the least, leveraging IT as a strategic sourcing tool to driver efficiency, speed, transparency and compliance.
How can Aqua MCG help you?
Its time to take decisive actions on sourcing & procurement function and
turn it to your competitive edge. By engaging with us, you can:
- Manage your procurement requirements on an on-demand or per commodity basis.
- Access to intellectual capital, supply market information, sourcing techniques and tools & category expertise
- Transform all source to pay activities including including demand management, sourcing, negotiations, transaction processing, compliance, help desk, reporting and analytics at an agreed service
- Save on management bandwidth and make these available to focus on sourcing strategies and other core business activities.
- Leverage our supplier bases to ensure more tangible procurement savings.
- Move from local to central to global sourcing & procurement.
What benefit you get out of it?
We deliver fast, efficient and predictable procurement services that can transform your sourcing & procurement function from a support function to a value-generating business function. By engaging with us, you can:
- Explore potential suppliers who can bring more value to your business and operations (5X increase in qualified supplier discovery and outreach, High degree of collaboration with 50% of the suppliers,Less than 2 working days of supplier response time)
- Get better deals from suppliers by aggregating volumes across buying divisions and time horizon ( 10% landed cost savings, better delivery terms with suppliers, reduced operating cost, >80% centralized visibility of indirect spend sourced, procured and contracted, increased)
- Discover the best price and service deals in the marketplace
- Procure the right material/ services at the first instance as per business needs and improve in TCO value (Less than 1 % error in procured material/service)
- Enable faster turnaround time in material and services procurement, ensure compliance to policies and procedure
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