Potential Benefits |
| Focus on core competencies |
| Reduce internal costs in the form of office time and also travel and subsistence |
| Reduce risks (financial and non financial eg bad press due to use of child labour) |
| Increase security of your IP, by only contacting pre-approved factories |
| Accelerated project completion |
| Gain access to external knowledge |
| Make / Buy decisions become a possibility |
| Increased number of suppliers available |
| Your volumes leveraged alongside other customers |
| Simplified contact (Europe, Asia, America based) |
Benefits Delivered for Corporate Clients – our Global Sourcing and Procurement Service
Potential Pitfalls |
| Lack of overseas product sourcing knowledge |
| Lack of personnel to manage overseas product sourcing locally due to extra time required |
| Language barriers |
| No local presence in low-cost countries targeted sourcing areas |
| Time differences |
| Insufficient logistical experience |
| Poor quality goods received |
| No goods received |
| Lack of overseas legal and local product sourcing knowledge |
| Cultural issues |
INNOTEC SOLUTIONS delivers sustainable procurement value through cost savings, increased quality, and service.
Sustainable bottom line savings
In addition to targeting savings now, through qualifying suppliers in multiple regions we set the foundation for future savings from market volatility.
Improved supply quality & reliability
Through our systematic and local supplier relationship management we keep your requirements in the forefront of the suppliers mind throughout the supply contract.
Increased productivity
INNOTEC SOLUTIONS’ turn key process delivers increased productivity in terms of time to re-source categories and staff per category, leading to reduced operating costs and quicker time to benefit realisation.
Reduced supply chain risk
Through our objective and rigorous sourcing process we help our clients comply with CSR requirements, international corruption legislation and increase the standards of contracted suppliers.
Economies of scale
As a Procurement Service Provider working for multiple companies, we can achieve economies of scale which a client on a standalone basis could not leverage. We accomplish this through aggregating spend across multiple customers for the same category, investing in deep category knowledge and expertise, and lastly through negotiating leverage deals with suppliers.
Increased business engagement and alignment
A key success factor for INNOTEC SOLUTIONS is engaging the business stakeholders from the beginning to ensure the demand is truly understood and the sourcing model aligns to the operating model.