Regardless the size of the Company,
1) Step 1: Product Analysis
Material analysis and identification of low cost countries – sourcing potential
Supply chain analysis
Determination of potential savings
2) Step 2: Market Analysis
Market screening, identify suppliers, pre-selection of suppliers (we cover Europe, Asia and America)
RFQ based on customer specification and target
Pre-selected supplier audit (Technology, Quality, Cost, Delivery, Service, Finance)
Benchmarking and summary of top suppliers
3) Step 3: Implementation
Visit and audit of selected suppliers when necessary
4) Step 4: Management
Communication window between the customer and the supplier
Engineering support for changing product requirements
Full logistics service
Continuous supplier development and capacity monitoring
Strategic sourcing support and purchasing planning
Intense competition in the marketplace, leading to price and margin erosion, means that organisations must continually look at new and innovative ways to meet investor expectations. Our procurement services help our clients to address these requirements.
In such a challenging economic climate, procurement outsourcing is coming of age. Organisations are validating and embedding outsourcing as the key driver to enhancing their profit and cash flow position.
With organisations typically spending up to 50% of sales revenues with external suppliers, a professionally managed sourcing programme is a key component of survival in today’s business environment. Reductions in procurement costs flow directly to the bottom line.
We offer you our service as purchasing partner/team in Asia, Europe and US in order to identify the most competitive suppliers and products.
Our long experience combined with local know-how, networks and steady presence in Asia and Europe makes us your ideal partner to enter the Asian and European markets.
With the support of our sourcing offices we are your purchasing partner for all your requests in the Asian markets. Based on your target prices and technical specifications our engineers audit and select the most competitive suppliers.
1. Global Sourcing
Global Sourcing conducted by INNOTEC SOLUTIONS delivers you sustainable value on your procurement from emerging markets
1) Realise value by sourcing direct
Sourcing directly from suppliers is an opportunity for sustainable procurement savings and competitive advantage. These savings come from taking advantage of capacity in emerging markets and retaining the margins charged by agents and distributors. INNOTEC SOLUTIONS’ end-to-end sourcing capabilities can secure you the most capable and competitive suppliers.
2) Access emerging markets
Emerging markets offer a savings opportunity for goods and services, however gaining access is challenging. Whether Asia, Latin America or Eastern Europe, INNOTEC SOLUTIONS has the global reach to open up these markets for you through our global network of offices.
3) Manage quality and reliability risks
Through strong communication and management of the suppliers on the ground, INNOTEC SOLUTIONS ensures that quality and reliability is maintained and any issues are resolved before they impact the critical path.
4) Rapidly discover and secure value
We understand the challenges involved, and will lead you through a step-by-step, secure process to minimize risk and rapidly achieve results to the bottom line.
5) INNOTEC SOLUTIONS can assist you in:
Finding a suitable supplier
Negotiating the best commercial conditions
Improving supplier relationships
Defining product specs that will meet your needs
Managing and mitigating all supply chain risks
2. Procurement Outsourcing
Outsource your IPOs to INNOTEC SOLUTIONS to benefit from immediate value, global capability and scale.
1) Reduce overheads & operational risk
High operating costs, staff attrition and corruption are the main challenges to the effectiveness of small International Procurement Offices (IPOs) below 10 staff. Through outsourcing your IPO to INNOTEC SOLUTIONS you can immediately reduce your overheads, reduce staffing risk, and the risk of corruption, whilst gaining access to the INNOTEC SOLUTIONS’ scale.
2) Increase productivity and capabilities
For any IPO, capability to execute process productively is key to effectively sourcing goods and services. Within a small IPO developing and retaining the scope of category expertise and consistently following rigorous processes is a challenge. Procurement Outsourcing with INNOTEC SOLUTIONS gives you access to a wider category expertise and strong process capabilities.
3) Flexible global network of operations
A typical risk for internal IPOs is limiting the sourcing to the country where the IPO is based instead of conducting true global sourcing. As countries’ relative competitive advantages shift rapidly this leads directly to reduced competitive advantage. Through Procurement Outsourcing you gain access to a flexible global network of operations that is experienced in conducting regional and global sourcing operations.
4) Rapid, relevant and reliable
Market volatility causes significant challenges to procurement managers. To deliver value to the business it is critical to have insight into the current cost and market dynamics of key categories & raw materials, together with early warnings of potential market risks. With so many sources of information available INNOTEC SOLUTIONS rapidly filters out what is relevant and reliable to support effective decision making. From a one off market analysis to support your strategy development to regular price forecasts to inform buying decisions, INNOTEC SOLUTIONS can give you competitive insight:
5) Comprehensive primary and secondary sources
Valuable insight comes from interrogating both primary sources such as suppliers, and industry experts, and secondary sources such as industry publications, databases and associations. Through INNOTEC SOLUTIONS’s growing network of industry contacts and supplier databases we gather multiple viewpoints to increase the depth and reliability of the intelligence.
6) Local insight with global reach
Globalization of markets comes with increased risks and opportunities. To sustain competitive advantage it is necessary to consistently integrate both global and local intelligence. INNOTEC SOLUTIONS meets this challenge through its network of operations that span the key markets of Asia, Latin America and the Middle East.
7) INNOTEC SOLUTIONS can assist you in:
Rapidly scaling global sourcing capability
Rescuing failing procurement operations
Managing procurement operations for localisation requirements
Discovering market opportunities
Making informed buying decisions
Conducting effective negotiations
Clarifying supply chain risks