Procurement Methodology
Needs
As a Buyer's Agent, thoroughly understand the Needs
Value Analysis
Better and/or cheaper options
Procurement Options
Procurement/Manufacturing recommendations
Vendor Selection
Approved ASME Vendors/Quality manufacturers
Purchase Order
Handled by Experts & processed by contemporary methods
Product Verification
Inspection, Quality Assurance, Certification & Documentation
Logistics
Coordination, Packing, Freight, Customs, OSD Clearance, Online Tracking
Delivery
Quality & cost effective product on- time
NEEDS
As the buyer’s agent it is imperative that we thoroughly understand the needs of our customers.
To correctly understand the needs, we seek the following information in brief to set the ball rolling.
Product Information
- Type of Product
- Procurement Options
- Outright Purchase from OEM or Non-OEM
- Manufacture based on Sample/Prototype, Detailed Design or Broad Specifications
- Volumes
- Timelines
- Location of Delivery
- Product Support Requirements
- Future Requirements
- Any Special Needs
We also have an extensive Catalogue online for easy order placement.
We then revert with the primary feasibility and look forward to hear from the customer to take things further.
Value Analysis
In Enventure, we understand that an in-depth value analysis greatly improves the grade and degree of Sourcing.
Therefore, on hearing from the customer, our team of experts analyze it to arrive at best options for meeting the customer needs in terms of the mode of procurement, delivery schedules and costing.
We then submit the options with the pros and cons to our customers.
Procurement Options
In this stage interaction with the customer helps us decide the most suitable option to meet the customer needs.
Simultaneously constant interactions are conducted with prospective suppliers/manufacturers so that realistic inputs are available on product feasibility, delivery schedules and tentative costing.
We completely understand how Procurement Options can help in improving the value to price relationship, by the continuous process of reducing cost while improving service quality. We adopt a rigorous collaborative strategy, contingent upon decisions that are based on market intelligence as opposed to personal opinions/preferences.
Vendor Selection
Our potential vendors offer Right Strategic Fit for the goods. We will select a vendor that provides not just a competitive price but high-quality products. A third-party agency of international repute supports this process.
We operate from Approved ASME Vendors/Quality manufacturers.
We understand the dynamics of a single supplier strategy, visa-vis multiple option strategy & leverage them to our customers advantage on a case to case basis.
After a deep selection we finalize the vendor.
We then communicate the offer to the customer to include the technical details and costing.
Purchase Order
Once the customer places an order, we ensure that the procurement process is straight forward as we have experts to handle it.
Purchase Orders are processed by contemporary methods.
Our customers are kept informed of the progress at all times.
Product Verification
Inspection, Quality Assurance, Certification & Documentation are indispensable tools of sourcing process since they help to control quality, reduce manufacturing costs, reduce rejection losses, and assign causes for the production of defective product.
Inspection and testing procedures are followed before, during, and after the product manufacturing for ensuring that the level of quality of the product is as per the standards and the specifications.
As we understand the criticality of these functions, we incorporate high-quality third-party inspection agencies of international repute to ensure full customer satisfaction.
Logistics
Logistics is an essential component of supply chain management. It involves the planning, carrying out and management of goods and information from the point of origin to the point of consumption.
Logistics aligns the complex pattern of traffic and transportation, shipping and receiving, import and export operations, warehousing, inventory management, purchasing, production planning and customer service.
Therefore we take the services of reputed international logisticians.
Delivery
We are well aware of the ‘last kilometer’ challenge, as delivery to a dispersed customer base is a greater challenge than delivery to points or nodes in the supply chain such as warehouses.
The arrival of materials needed for production/construction are important because On-time delivery is integral to the efficiency of the production/construction line. It’s in this point in the process where the importance of good logistics and good inventor management practices intersect.
We therefore constantly strive to ensure On-time Delivery in a cost-effective manner.