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OUR  PURCHASING EXPERTISE

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We act as purchasing experts in our own global network, 
optimize “purchasing” of our customers in terms of organization, processes and strategies.

Our long-standing customers are medium-sized companies in these areas
Automotive, medical, aviation, renewable energy and industry.

 

OUR  COMPETENCIES

in the expert network

Product cost optimization

Risk management purchasing

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Product cost optimization refers to the process of identifying and implementing measures to minimize the cost of producing a product.
Here are our general approaches and strategies for product cost optimization:
 

  • Value analysis:
    Through a thorough analysis of all components of a product, unnecessary costs can be identified and eliminated. This includes evaluating materials, manufacturing processes and design decisions.

  • Supplier management:
    Negotiating with suppliers can lead to cheaper material costs. Finding cost-effective suppliers and maintaining good relationships with them is crucial.

  • Efficient production technologies:
    Investments in modern and efficient production facilities can increase productivity and reduce manufacturing costs.

  • Material cost reduction:
    Finding lower cost material alternatives or negotiating better prices with current suppliers can result in significant cost savings.

  • Process optimization:
    Identifying and eliminating inefficient workflows can shorten production times and reduce labor costs.

  • Quality management:
    Accurate quality control is important to minimize scrap and rework, which in turn reduces overall costs.

  • Lean manufacturing:
    Lean principles aim to eliminate waste and increase efficiency. By implementing lean methods, costs can be reduced and productivity increased.

  • Cost transparency:
    Accurate cost analysis and tracking allows companies to identify high cost areas and take appropriate measures to reduce costs.
     

Product cost optimization requires a holistic approach and the collaboration of various departments in the company, from production to purchasing management to quality management..

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Risk management is an integrated process for identifying, assessing and controlling risks that could affect the achievement of company goals.
Here are the key elements and steps in risk management:
 

  • Risk identification:
    This step includes the systematic recording and identification of potential risks in the product life cycles.

  • Risk assessment:
    The identified risks are presented here. rated. This enables prioritization to focus on the key risks.

  • Risk monitoring:
    Continuously monitor identified risks and the effectiveness of implemented risk management strategies. Adjustments must be made if necessary.

  • Communication and documentation:
    Clear communication of all risks and the corresponding measures within the organization is crucial. Documentation plays an important role in tracking the history of risks and decisions.

  • Integration into the corporate strategy/KPI:
    Risk management should be integrated into the company's overall strategy to ensure it supports strategic objectives and is not viewed as an isolated function.

  • Training and awareness:
    Employees at all levels should be aware of risks and have the necessary skills to deal effectively with risks. Training can help increase risk awareness.

  • Technology and data analysis:
    The use of tools can improve the identification of risks and strengthen the ability to predict and proactively manage them.

  • Feedback and continuous improvement:
    The risk management system should be continually reviewed and improved to meet changing conditions.
     

Effective risk management is crucial to strengthening an organization's resilience and enabling it to successfully overcome challenges and uncertainties.

Organization & Processes

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Organizing purchasing processes is critical to ensuring that an organization can efficiently and cost-effectively procure the goods and services it needs. Here are some key elements related to organizing purchasing processes: Strategic direction: Purchasing should be closely linked to the organization's strategic goals. It is important that the purchasing strategy supports the company's overall strategy. Need identification: The purchasing process begins with identifying the need. This can be done by working closely with different departments to understand the exact need for products or services. Supplier management: Selecting and managing suppliers is a crucial part of the purchasing process. This includes identifying reliable suppliers, negotiating contracts and continuously monitoring supplier performance. Purchasing planning: A comprehensive purchasing plan should be created based on needs and strategic goals. This may include setting budgets, schedules and priorities. Procurement process: The actual procurement process includes obtaining offers, selecting suppliers, negotiating contracts and order processing. Efficient and transparent processes are crucial here. Contract management: Creating clear and comprehensive contracts that cover all relevant terms and conditions is important to avoid potential disputes. Quality management: Ensuring that the products or services delivered meet quality standards is crucial. This may include inspections, audits and quality assurance measures. Risk management: Identification and management of risks in the purchasing process, be it related to suppliers, quality issues or price volatility. Cost optimization: Continuous efforts to optimize costs, whether through negotiating with suppliers, leveraging economies of scale or identifying cost savings opportunities. Technology use: The use of purchasing software and technologies, such as e-procurement systems, can increase the efficiency of the purchasing process. Compliance: Ensure all purchasing activities comply with legal requirements and company policies. Reporting and Analysis: Implement systems to monitor, measure and report purchasing performance. This enables continuous improvement and better decision making. Organizing purchasing processes effectively is crucial to optimizing an organization's overall performance and ensuring that needs are met efficiently.

Purchasing strategies

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Purchasing strategies are long-term plans and instructions for making your purchasing activities efficient, minimizing costs, ensuring quality and optimizing the supply chain. Here are some common shopping strategies: Cost Leadership: This strategy focuses on reducing costs as much as possible by using volume discounts, efficient procurement methods and cost negotiations with suppliers. The main goal is to maximize cost efficiency. Strategic partnerships: Establishing long-term partnerships with selected suppliers. This can help secure cheaper prices, improve quality and ensure a more stable supply chain. Global sourcing: Procurement of products and services on a global scale to benefit from different market conditions and cost structures. However, this requires a comprehensive understanding of global markets and the associated risks. Just-in-Time (JIT) procurement: The JIT strategy aims to minimize inventory levels by procuring materials and resources exactly when they are needed. This helps reduce storage costs but requires a precise supply chain. Risk diversification: Diversification of suppliers to minimize the risk of delivery failures due to natural disasters, political unrest or other unforeseen events. Innovation partnerships: Collaborate with suppliers to promote innovation and gain access to the latest technologies and developments. This can strengthen the company's competitiveness. Supplier evaluation and management: Continuously assess supplier performance and work closely with the best suppliers to ensure quality, reliability and efficiency. Standardization and rationalization: Standardize components and materials to leverage economies of scale and reduce complexity in the supply chain. The selection of the appropriate purchasing strategy depends on the specific goals, requirements and framework conditions of a company. We combine several strategies to best achieve your goals.

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