Sourcing & Procurement

Supplier Identification

• Understand project requirements and goals 
• Conduct detailed analysis and validation of requirements  
• Define project scope and objectives through cross-functional collaboration  
• Identify reputable suppliers and negotiate favorable pricing and terms  
• Inspect and qualify all parts to meet quality standards  
• Facilitate logistics for timely delivery  
• Handle all financial transactions, paying suppliers directly for their services 

Supplier Evaluation Services

Rigorous prequalification process implemented, criteria include:

• Financial stability
• Consideration of industry certifications
• Evaluation of past performance
• Assessment of reputation
• Select suppliers best suited to meet client sourcing needs
• Streamlined supplier selection process

Contract Negotiations

When negotiating with suppliers, securing mutually beneficial partnerships is key. Our team at Technosoft takes a strategic approach to secure optimal outcomes for our clients. Here is how we navigate the negotiation process: 

• Prioritize pricing within client budgets while maintaining quality.
• Collaborate with suppliers for flexible payment terms.
• Negotiate delivery schedules to align with client timelines.

Managing Supplier Relationships

• Suppliers are vital partners; trust and loyalty are key.
• Prompt payments are a priority for cash flow support.
• Transparent agreements minimize disputes.
• Advanced software and skilled professionals streamline supplier management.
• We navigate cultural differences and regulations for effective global collaboration.

Equipment / Parts sourcing

Technosoft specializes in sourcing a wide range of equipment, parts, and materials to meet diverse industrial needs. Here are some of the areas we cover: 

Conveyors and Automation Systems: 

• SS Conveyors 
• Automated Conveyor for Packaging 
• Special Purpose Machineries 
• Jigs and Fixtures 
• Pick & Place Systems 
• Robotic Automation 

Materials Sourcing: 

• Castings (Alloy and Non-Alloy Material) 
• Forging
• Fabricated/Weldment 
• Plastics
• Rubber
• 3D Printing
• RPT Parts

Cost Management 

We help companies acquire high-quality materials/products at the best cost without compromising quality, optimizing expenses and driving sustainable growth.

Cost Analysis and Benchmarking:

• Analyze sourcing and procurement costs against industry standards.
• Identify areas for improvement.
• Develop tailored cost-saving strategies.

RFP Process Optimization:

• Define clear requirements for your RFP process.
• Leverage technology for automation, reducing manual effort.
• Ensure competitive bids from suppliers with streamlined processes.

TCO Analysis:

• TCO analysis assesses total ownership costs.
• Aids informed sourcing decisions.
• Identifies cost reduction opportunities throughout lifecycle.