Nutrichic | Strategies

Strategic Sourcing

The creation of a strategic sourcing team for the organisation (and a strategic sourcing plan) starts with a recognition of the end goal: making purchase decisions based on significant data analysis and always with the best interests of the entire organization in mind.

Strategic Sourcing From China:

Desire of every Broiler Integrator is to have a sourcing arm in China.

In reality, is it feasible for every house to set up an Office in China?

Even if yes, are the overheads concerning the establishing and maintaining the office, a viable proposition? We'll do that for you.

In most Organisations contracts files are filled with millions of words in thousands of contracts. Entering into a contract is not a simpler process.

Adding vendors is admittedly a difficult task and it involves a painstaking process.

Information alone isn't always helpful. The key is to be able to sift through the data to get exactly what we need and when we need it !

When emergency decisions on purchases are to be made, more number of new vendors have to be added and we do that for you.

Strategic Sourcing is one area where an Organisation can add Value proposition. For a Company - where there Demand and Supply ever varies for its produce, thrust can be aimed at Constants viz., quantity of Feed Supplements required, to manufacture Feed - month after month. This saves the cose and ensures availability through out the year with an assured quality and product specification / standards met. Risks such as Supply interruptions and Price Inflation are best avoided.

The key matric is that the sourcing group supports and understands the company's objectives. Security, reliability of sourcing and supply networks is ensured by leveraging dual sourcing and low cost country (China) sourcing strategies by understanding the technology solutions of manufacturers.

Top 4 Strategic Sourcing Tools:

Supplier performance metrics scorecard.

Total cost of ownership (TCO) model - capabilities maximization strategy.

Critical to operations (CTO) products and supplier's evaluation check list.

Program for engaging suppliers and stakeholders to generate innovative business practices.

Mani Broilers

Our parent company with almost three decades experience in sourcing and formulating feeds.

The Strategic Sourcing Lead will lead the development of global and/or regional sourcing strategies to deliver best Total Value. We'll accomplish this through understanding business partner needs, market dynamics, cost structures, and supplier capabilities by conducting comprehensive supplier analysis, screening (financial due diligence, market position, capabilities and capacity, risk assessment) and support supplier's diversity efforts.

This company will develop a portfolio of supply relationships that deliver on requirements: cost, quality, service and innovation. This company will support the development of new products (cost effective) through early involvement with R&D on alternative identification and supply agreement negotiations

But it's not just cost savings that makes strategic sourcing valuable. The real benefit is in reduced time to contract, fewer agreements/relationships to manage, and the overall reduction in risk from having so many different relationships.

Regardless of where the organisation sits on the path, however, the ultimate goal should be Strategic Sourcing. It will take time, effort, cooperation and A BETTER UNDERSTANDING - well worth it for the end result.