GainEdge Consulting

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https://gainedgeconsulting.com/

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Cost Management in Supply Chain

Supply Chain best functions and  Cost Management are among the high priority issues on the agenda of businesses , it does not necessarily point towards their integration.

 Still, the links between the two approaches exist. Cost reduction is among the most cited objectives in supply chain management. Additionally, if costs are to be reduced, companies increasingly turn their attention to their supply chain partners, so both suppliers and customers reach out for new frontiers of competitiveness and profitability. Yet, few approaches exist so far, addressing how cost management in a supply chain can be carried out. Cost management overall works in the area of production, procurement, logistics, warehousing and even towards sales.

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Procurement Management

Procurement is known as the process where you buy or purchase goods or services, for your business purposes. procurement and businesses go hand in hand because companies need to solicit services or purchase goods regularly on a large scale in ordeer to cater to their respective industries.

procurement transformation being a very important step when it comes to procurement practices performed by the company as this is the process that changes the organisations behaviour when it comes to acquiring services and goods to ensure that there is maximum value obtained in the process. In simpler language , these are the mandatory steps that are supposed to be carried out by the organisation to change its procurement strategies to be more efficient.

in order to achieve these new expectations set up by the organisations they need to bring in changes to their structures and practices, and align with the present needs of the organisation.

if you’re planning to bring your vision to reality, from redesigning your procurement strategies, processes, organization and supporting technology that will result in immediate and lasting value, our services focus on-

1.procurement transformation  

source to pay process design and improvement

organisation design

sourcing and outsourcing strategy

technology selection and implementation  

2.spend analysis 3.startegic sourcing support, including low cost country sourcing, reverse auction and e- sourcing services.   4.category management support 5.procurement organization training 6.procurement staff augumentation 7.demand management 8.supplier relationship management 9.risk/compliance management

10.global supplier identification

11.negotiations      

we provide the right advice on selecting the right procurement metrics and developing a smooth sourcing experience and shedding light to world class procurement  startegies resulting in higher levels of effectiveness at the lowest cost.made.

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Sustainable Procurement and Netzero Goal as per SDG

Sustainable Procurement is catching attention very much to keep pace with a very ambitious roadmap for carbon neutrality, very aggressive plans are needed for Companies to adopt Sustainable Procurement. some key points to be noted while adopting,

Sustainable and Renewable Materials Low carbon Materials SDG Driven Partnerships New Innovations Raw Materials, Packaging, Circular Economy and Recyclability Data Science Driven DecisionsSupply chain stakeholders role and responsibilities

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How the Procurement Services India Can Benefit Your Business

Most organizations are utilizing the procurement services to reduce expenditure and divert their resources for the core business. The procurement services India takes responsibility for buying goods, services, and or products from third-parties on behalf of an organization.the procedure involves a series of steps like planning, research, inspect, analyze, negotiate, procure, and transport. The service provider ensures the best quality products are made available to the clients at the most competitive prices.

Cost-effective solutions:

Procurement services have become a necessity for the enterprises due to the increasing competition the global market conditions. They cannot afford to waste their resources and time negotiating the various markets for their requirements. Hiring procurement consultants will ease the burden of maintaining a separate department working on these services.

Adopts the best practices:

It sometimes is very difficult for an organization to maintain field expertise to manage each category of spend. Service negotiations with suppliers, product evaluation, and managing the proven industry strategies can become a cumbersome task and consume a lot of effort and money. The procurement services India provider eliminates this stressful job. The experts will sit and discuss with you the projects you have in mind to get you the best solution in the shortest possible time and get you the best rates.

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5 Strong Reasons Why You Need Procurement Services India

Some of the primary concerns organizations face today includes stiff competition, higher production costs, and meeting the varied demands of the consumers. In their struggle to meet these challenges, many of them are losing control over the spend resulting in not only wasteful purchases but also huge losses to the business. The ideal solution is to hire procurement services India.

The benefits you can accrue:

Many enterprises are benefitting and have seen a vast improvement in their savings and there is no reason why you too should not. Here are a few reasons that should help you convince yourself or your bosses why you need the services.

Professional services and lower monthly expenses:

The procurement services India agencies are better equipped and more experienced. The in-house purchase department may not have similar experience or skills. Employing these professionals will need huge recurring expenditure on their salaries, perks etc which not every business can afford. By utilizing their services, the purchase department understands that the management is looking for better solutions than what they are getting. They will be keen to learn new ideas and be more involved as they see no risk to their jobs.

Ideal solution for small businesses:

Startups and small businesses have a limited budget at their disposal. They may not require a full-fledged procurement department at least in the initial few months. Outsourcing of procurement services will be fruitful for them. The consultants will use their resources and streamline the procurement requirements for you. The services they offer include analyzing your requirements, studying the market supply, call for quotations, negotiate with the vendors and suppliers. This will help in having an organized system for you to continue with as business grows.

Better exposure to the market:

If your business has a constant need of direct or indirect raw materials in bulk quantities, India has always been a preferred country because of its low costs,

high-quality resources. The country is politically stable, centrally located geographically and is huge with diverse markets. The procurement services India is familiar with every aspect of the requirements and has a wider knowledge about the best suppliers. It will be more convenient, and feasible using their services rather than spend heavily on doing a research, send your staff scouting to different locations for varied purchases.

Time and money saving:

The procurement services India are more familiar with the local conditions. They know where to look for any product. Which is the best region/state, the best time, the best suppliers and similar. You will waste a lot of money, time, and resources if you wish to do the procurements on your own. You still will not have the guarantee of having obtained the best quality and price with the numerous vendors out in the big country.

Improved savings:

With the right procurement services India, you can see significant improvements in your spend. It can also help you maintain a better relationship with your suppliers and give scope to also enhance your business market with new customers.

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Guide towards Sustainable procurement

Sustainable procurement is an most important pillar in supply chain process. Gainedge provides the utmost sustainable procurement service to our partners. It is basically the integration of CSR values into a company’s procurement processes to ensure they meet the requirements of stakeholders. SP is a holistic concept that has triple bottom line of people, planet and profit. It takes into consideration the economic, environmental and social impact by purchasing and sourcing actions.

Sustainable procurement integrates

-          Specifications

-          Requirements

-          Criteria

These terms are quite compatible with the protection of societal norms and environmental norms. It includes various major issues for example child labour or use of toxic chemicals which can severely impact the people or environment. It is well known that globalization has resulted in multiplication of intermediaries and as a result of this some aspects such as safety, security and sustainability has become core issues and more important as the quality of product or services. So, to cope up with these concerns along with the partners we have designed our system based on some core principles.

The core principles behind sustainable procurement are

-          Human rights

-          Equality and diversity

-          Well being and development of employees

-          Disciplinary lessons and practices

-          Compliance with national and state laws.

We at Gainedge ensures the commitment to sustainable procurement in which we promise to offer the complete protection of our partners  core sustainability values throughout the products or services life cycle. The best practices of sustainable procurement would be the future proof for our Partner’s sustainable procurement process and investments by executing sustainable policies that can increase the long term viability.

It is quite clear that sustainable procurement can have immense ability to protect company’s brand reputation as this requires them to create robust risk management. This can help them to recognises problems and address weak areas in supply chain process that has enough potential to initiate scandals and bad publicity.

The most important thing about sustainable procurement is that it can provide vast opportunities to our partners  for their brand differentiation because it encourages companies to create more sustainable and innovative products.

We are into a business which help the partners in their procurement operations  to deliver substantial and actual savings to enterprises by enabling refinement in supply chain globally. We translate their firm needs into interactive development strategies.

Under this service, we empower our partners with high skill offsite resources and provide market intelligence & extreme support to deliver good savings and reduce total costs of operation. Our key offerings are procurement marketing intelligence and analytics along with procurement dashboard and tools.

There are numerous of benefits of SP which includes increasing sales revenue, risk reduction, cash inflow, acquiring new technologies, international competitiveness, high productivity through innovation and many more. Gainedge provides you generous support to acquire your best position in this field. Our procurement leadership help our partners incorporate sustainability methods in their procurement processes keeping the SDG(Sustainable development Goals) in mind. So, join us and open a door to become a leader.

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Guide towards Sustainable procurement

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Benefits/ Principles of Sustainable procurement

Sustainable procurement is the most important pillar in supply chain process. Gainedge provides the utmost sustainable procurement service to our partners. It is basically the integration of CSR values into a company’s procurement processes to ensure they meet the requirements of stakeholders. SP is a holistic concept that has triple the bottom line of people, planet and profit. It takes into consideration the economic, environmental, and social impact by purchasing and sourcing actions.

  Sustainable procurement integrates - Specifications - Requirements - Criteria These terms are quite compatible with the protection of societal norms and environmental norms. It includes various major issues for example child labour or use of toxic chemicals which can severely impact the people or environment. It is well known that globalisation has resulted in multiplication of intermediaries and because of this, some aspects such as safety, security and sustainability has become core issues and more important as the quality of product or services. So, to cope up with these concerns along with the partners we have designed our system based on some core principles. The core principles behind sustainable procurement are - Human rights - Equality and diversity - Well-being and development of employees - Disciplinary lessons and practices - Compliance with national and state laws. We at Gainedge ensures the commitment to sustainable procurement in which we promise to offer the complete protection of our partners core sustainability values throughout the products or services life cycle. The best practices of sustainable procurement would be the future proof for our Partner’s sustainable procurement process and investments by executing sustainable policies that can increase the long-term viability. It is quite clear that sustainable procurement can have immense ability to protect company’s brand reputation as this requires them to create robust risk management. This can help them to recognise problems and address weak areas in supply chain process that has enough potential to initiate scandals and bad publicity. The most important thing about sustainable procurement is that it can provide vast opportunities to our partners for their brand differentiation because it encourages companies to create more sustainable and innovative products. We are into a business which help the partners in their procurement operations to deliver substantial and actual savings to enterprises by enabling refinement in supply chain globally. We translate their firm needs into interactive development strategies. Under this service, we empower our partners with high skill offsite resources and provide market intelligence & extreme support to deliver good savings and reduce total costs of operation. Our key offerings are procurement marketing intelligence and analytics along with procurement dashboard and tools. There are numerous benefits of SP which includes increasing sales revenue, risk reduction, cash inflow, acquiring new technologies, international competitiveness, high productivity through innovation and many more. Gainedge provides you generous support to acquire your best position in this field. Our procurement leadership help our partners incorporate sustainability methods in their procurement processes keeping the SDG (Sustainable development Goals) in mind. So, join us and open the door to become a leader.