Direct and Indirect Procurement:
By expanding the supplier base of a company, not only one minimizes the risk of supply disruptions but enables a company to obtain the best price possible for the goods being procured. I have successfully improved the supplier based of the companies that I've work for by at least 20% nearly eliminating shortages and leading to 6.25% in cost savings annually without losing sight of the bottom line.
Global Sourcing:
In today's economy a global sourcing strategy must be pursued not only to have access to different global markets and build a more robust supply chain but to potentially obtain the best pricing possible and remain competitive through the market place.
Inventory Optimization:
Inventory optimization is not only the proper management of inventory itself at the manufacturing facility but also implies negotiating the correct payment and Inco terms with each supplier such that the operation is benefited through a cash flow optimatization. By choosing the right Inco terms and negotiating existing payment terms, I have improved the cash flow at the companies I worked for 17% to 20% on average.
Logistics:
Whether it is ocean or ground transportation mode, selecting the right partner to handle the freight and custom cleareance services could be the big difference between a smooth logistics operation with ontime shipments or delayed arrivals with additonal custom clearence fees.
