We are expert in designing, developing &implementing customized procurement strategy that aligns with your overall Organization competitive strategy. Strategic sourcing enhances efficiency and value, ultimately impacting the profitability of your entire organization. SMS will conduct timely strategic sourcing projects for your organization to improve quality & significantly lower total costs of acquiring products & services within assigned commodity categories
This multi-specialized approach, as well as our experience in various industries, not only helps us to develop best practices and state-of-the-art supply chain solutions, it also allows us to use the integration of knowledge for successful and efficient interdisciplinary strategies and solutions.
The key to transformation from a Reactive Purchasing Department to a Strategic Procurement Organization is a pro-active approach to contracting management with Dynamic Plan. A typical sourcing project led by Strategic management Solutions will follow the following step:
Study How much spend in each category of goods & Services, use this analysis to identify the opportunity.
Review existing contract and modified as per the current market conditions.
Based on the spend analysis & marketing feedback develop & design target price.
Joint discussions with all the key stack holder to strategy for total cost saving.
Develop process of gathering & analyzing information like commodity profile, cost structure, supply base profile, market Indicator, competitive analysis relevant to your organization for the purpose of supporting accurate & confident decision making in the procurement process.
Forecast the demand, supply, price level & Market condition in context with your organization.
Identify the best in class Supplier : Considering our enrich experience in supplier development, in-depth knowledge of the regional and industry-specific requirements, we will help you to identify best in class supplier for better price, quality, delivery, reliability.
Feasibility Analysis : Our consultants undertake feasibility studies to evaluate individual or multiple development mix and provide recommendation on optimal development strategy considering financial, legal, operation and relevant market dynamics .If the sourcing requirements are found to be feasible for your product, we will proceed to evaluate the supplier's capability to supply based on your specifications and budget.
Risk and Opportunity Evaluation : Analyzing the threats and the opportunities are the key elements for successful planning and development of your business process. SMS comprehensive SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis guarantees to provide the formulae for success. Cost Saving Analysis Benefits and costs of a project are systematically calculated and compared to determine your investment feasibility.