Global Sourcing

Unlocking productivity and cost savings through a proven, end-to-end global supply chain management process.

Opportunity

Productivity Improvement

Click a segment to explore potential savings by category

Castings 30% - 40%

  • Sand
  • Shell
  • Investment
  • Pressure Die
  • Gravity Die

Machining 25% - 35%

  • CNC Milling, Turning
  • Screw / Swiss
  • VTL, HMC
  • Gears

Industrial Products 25% - 40%

  • Cylinders
  • Motors
  • Bearings
  • Seals etc

Fabrication 15% - 20%

  • Cut and Bend
  • Stamping
  • Sub Assemblies
  • Heavy Fabrication

Elements Driving the Savings%

Savings are mainly generated by the deference in competitive man hour rates between the from and to regions. Raw material rates are global market driven and rates vary marginally.

High Mix – low volumes; generally a package of engineered parts with spread over volumes makes a good basket to source. In addition, material grades/sizes and similar processes of manufacturing are synergized in creating value for both organizations.

Established supply chain practices facilitates value creation in terms of raw material acquisition and economical batch run. Forecasts, stocking arrangements, Warehousing etc are an options.

Our Process

Global Supply Chain Management Process

7 phases across Sourcing, Implementation and Procurement — select a phase to see details

Sourcing

Implementation

Procurement

  • Kick off
  • Analyse data
  • Identify opportunities

Outcome: RFQ Inputs

  • NDA
  • Drawing Review
  • Quote Analysis
  • Negotiations
  • Recommendations

Outcome: Shortlist suppliers

  • Contract sign-offs
  • Supplier Audits
  • Supplier Award

Outcome: Supplier award

  • Manufacturing Feasibility and Inspection review
  • Project Mgmt Plan
  • Review Cadence

Outcome: Stakeholder Agreements

  • FA PO
  • Drawings
  • Golden Samples
  • SQE visit
  • FA approval

Outcome: Approved Parts

  • Supplier set up
  • Inventory plan
  • Stocking agreements
  • Logistics arrangements

Outcome: Phase in – Phase out

  • Production PO
  • Monitor deliveries
  • Logistics coordination
  • Performance score card
  • Payments
  • Process audits

Outcome: Realize AOP Savings

We've Got You Covered

Solution to Every Challenge

There are numerous road blocks in doing anything new until the new act becomes habit, we do come across several challenges in GSCM. We partner with customers to achieve their Supply Chain goals impacting business. Below are indicative challenges and we are happy to address any of your queries in particular to benefit your business.

Challenge / Road block

  1. Inconsistent Quality
  2. Standard of reports
  3. NCR Management
  4. Sustenance

Solution

  1. SQ team will focus on quality system, process and inspection at site before dispatch
  2. Every part in customer approved format
  3. SQ team will bridge the gap and lead NC's
  4. Periodic process audits, spot checks

Challenge / Road block

  1. Quote Competitiveness
  2. Sustenance
  3. Working Capital Improvement
  4. Expedited Freight Costs

Solution

  1. Savings ranges from 20 – 50%
  2. Open book pricing, fixing outliers
  3. Pay terms agreements
  4. Supplier bears cost in case of missed delivery

Challenge / Road block

  1. Capacity constraints
  2. Long manufacturing lead times
  3. Longer Logistics time

Solution

These are arrested by stocking program – VMI, Consignment, Warehousing etc. If in case stocking program doesn't exist then the supplier bears expedited charges for missed deliveries.

Challenge / Road block

  1. Time Gap, long distance
  2. Lack of in person meetings
  3. Quarterly Business Review

Solution

ConnWorld is in same time zone

  1. Stretch evenings to keep you abreast
  2. Periodic visits for greater engagement
  3. Business reviews through webinars/on-site

Let's Build a Stronger Supply Chain Together

Tell us what you need to manufacture.

Share your manufacturing or sourcing requirements and our team will get back to you.

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