EPG helped turn an EMS company's electronics supply chain into a source of competitive advantage
BACKGROUND
An EMS company turned to EPG to deliver significant savings for PCB boards. With our help, new supplier matrix in China enabled the company to meet its goals.
APPROACH (at a glance)
EPG first defined the client’s starting point and reviewed how they sourced and purchased PCB boards. EPG prioritized the sourcing potential of individual processes and managed implementation activities:
1. Vendor identification and selection:
• Launch request for information (RFI) and thorough RFP process
• Select potential suppliers
2. Deal and contract negotiation:
• Carry out due diligence
• Normalize bids and ensure price flexibility
3. Management:
• Developed a list of prioritized savings opportunities by reconstructing the company's spending
• Diagnosed current capabilities through benchmarks developed versus other EPG clients
RESULT
Within one year EPG’s procurement outsourcing operation contributed to the company’s cost savings of more than $2.4M based on their $7.5M purchasing volume from China. A new 2022-2024 procurement strategy with our client is already in operation.
* We take our clients' confidentiality seriously.
While we've not included their names, the results are real.
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