For Improved Business Performance
Globalization has paved the way for companies to consider procurement from various low cost countries across the world. India continues to be one of the most preferred destinations for industries across the world considering off shore procurement. The diversity of its culture and the convenience of its geography is a huge draw for buyers from across the world. It enjoys the low cost advantage and remains a financially attractive location for businesses seeking options to import from India. As Dan Scheinman from Cisco System Inc. put it they “came to India for the costs, stayed for the quality and are now investing for innovation.” The country’s deep skill base, vendor reliability, better understanding of the Western business requirements has made it a favorable choice. Also, manufacturers in India understand the importance of long-term relationships with companies. They are not just attracted by short term profit but remain focused on the longer term relationship with their client. With increasing understanding of international customers requirements in terms of packaging, quality, social and safety issues, Indian exporters are progressing continuously as a source for for competitive and ethical procurement. To top it all, international trade is efficient in the country with the presence of major international bank branches and logistics service providers. Though the opportunities are immense, there are an equal number of challenges and risks – which can be offset with the services of a specialist procurement company.
Key Benefits of India Procurement
Do you want to save the time you currently spend on purchasing? Outsourcing your procurement to India will let you concentrate on your core business activities. There are a number of procurement service providers which will help improve every aspect of your procurement activity and literally transform the way you import from India. From strategic sourcing, supply chain management to supplier relationship management, the team will work towards achieving sustainable cost reduction for your business. You will be able to take advantage of value improvement as well because the firm will help you obtain products and services from the best suppliers in the country. From an in-depth market study, supplier due diligence to bespoke sourcing services, the experienced procurement team will help you with the best, cost-effective solutions for your business.
Procurement Specialists Enhance the Process
If your company procures direct and indirect goods and services in large quantities, India procurement could be the right option for you. There are a number of specialized services which work towards long-term relationships focused on sustainable value creation. They offer end-to-end high quality procurement services which deliver measurable value and ensure that you access the best suppliers, reduce cycle time and costs while procuring from countries such as India, China, and Turkey or even if you are interested in Brazil sourcing.
With the advent of technology, it is no surprise that businesses are seeking newer ways to ensure that their procurement is systematic and secure. While they seek improvement in operations and competitive advantage, they are also looking out to boost financial performance and efficiency. What your company needs is the ground-level experience and the right tools to help put innovative sourcing ideas to work and finally deliver results. Only a specialist service can ensure that the strategy is translated into action. The team will also work closely with the key stakeholders in your company to establish buy-in and ensure communication along the way.
Deft Touch to Reduce Your Company Spend
The right India procurement approach can help you sustain improvements in the management of yourspend. It can also help improve your business relationships with suppliers across India. They will also keep your business unit in the loop because they understand that effective sourcing decisions are best forged with the consent of business units. Take advantage of a skilled talent pool in India and enjoy the cost advantage through procurement today. It is time to tighten your company’s focus on core competencies and with Indian players gearing up to take a larger share in the procurement pie, you should consider finding an India procurement partner.