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Reduction in the procurement cost is taking a front seat for various industries across the globe. There has been a striking rise in sourcing of goods and services from low-cost supply market like India. Companies across the globe are aiming at savings by sourcing from India, but they need a sharper and deeper understanding of the Indian market. Developing the right strategy or the skill set could result in the loss of access to the capable Indian resources and the competitive edge it provides. Brickwork can assist you in providing you with due diligence report on the market, designing, planning and implementation of your procurement strategy in India. Brickwork has a team of highly skilled analysts who are MBAs, Engineers, Social Science Graduates from leading Indian Institutes.
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Brickwork provides a total end to end solution in supply chain management right from sourcing feasibility to delivery management. With a clear understanding of the emerging market, industries, supply chain and logistics costs, we assist in Market Assessment and Feasibility (Due Diligence Report); Identification of Suppliers or Vendor Selection and Auditing and Qualification.
Brickwork’s strategic procurement cycle primarily includes the above three phases.
Market Assessment Phase: In the first phase, Brickwork provides a due diligence report on the low cost country market. Brickwork identifies the feasibility of sourcing a particular product from low cost country including various risks and benefits associated with it. This phase includes assessing the general market conditions, identifying supplier clusters, analyzing geographic spread, detailing component level specifications and listing regulations or legal process for sourcing from low cost country.
Supplier Identification Phase: In second phase, Brickwork identifies potential suppliers; manage RFI and RFQ processes with prescribed quality standards. In addition, with the best knowledge of low cost country conditions; taxation system and commercial laws we also build a database of suppliers/vendors with competing capabilities, inspection plans, quality plans, sealed tenders and commercial terms.
Auditing and qualifications: In this phase, Brickwork helps in organizing audits for the shortlisted supplier from the clients side for inspection of products and supplier capabilities in low cost countries.
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