Procurement Process Optimization

Client : Indian Manufacturer of Automobile Electronic Products

Service Offered : Business Process Review

Sector / Industry : Automobiles

Client
Context

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.

Client
Challenge

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

solution
Impact

  • 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

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