Procurement Process Optimization

Our client is a Pune-based company set up over 30 years ago, involved in the engineering and manufacturing of automobile electronic products. It is one of the few pioneers from India who made a significant impact on engineering design and development in the world. It has a well-knitted presence in the automobile sector and has emerged as a top manufacturer and OEM supplier of electronic products.

The key challenges encountered include the following:

• Lack of documented systems and processes
• Non-availability of location-level financial details
• Unidentified obsolete inventory
• Being an ownership company, the company adapted historic manual system/controls
• Possibility of imprecise records due to manual intervention

• Nexdigm’s advice and recommendations helped the client in identifying process gaps, which was well-accepted. The client also appreciated the team’s efforts and innovative solutions
• Excess procurement resulting in non-moving and obsolete inventory
• Generated potential cost-savings for the client by assisting them in physical inventory monitoring
• Highlighted over price charged by vendors for same material at different locations