Workwear MANUAL

Sourcing Sourcing and procurement is now playing a more strategic role than it ever has before. It is now recognized as the key factor in helping businesses to achieve and maintain a competitive edge. It does this by keeping costs down, whilst providing goods and services in a timely and efficient manner. In order to meet these goals, the relationship between our business and the suppliers is more important than ever.

Continuous Improvement - Re-evaluating sourcing/procurement capabilities

We are now looking at the sourcing and procurement functions and asking ourselves:

 What are the crucial skills that our business needs to employ today?  How can costs be further lowered without damaging suppliers and buyer/supplier relationships? Manufacturing Alternatives, Annual Resourcing Exercise, Updating specifications, changing fabrics Etc.  How can we buy better to increase profit margins and sales?

The importance of designing effective sourcing initiatives

A well-developed sourcing strategy can bring about substantial cost savings, somewhere in the region of 15% to 20%. In order to be able to do this from a sustainable point of view, improved cross functional collaboration is absolutely essential .

Information and input from all departments is vital to achieve the best possible supply at the lowest possible cost.

Sales order patterns, client behaviour, consumer behaviour, and the world economy are just a few of the influences that affect sourcing of product. We and our suppliers have to work even harder to join forces, and together, find mutually advantageous approaches to meeting targets. During the course of any sales year, forecast and budget variations are to be expected. For this reason, it is important to develop sourcing contingency plans, risk mitigation to help us manage through unforeseen circumstances in any given year.

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