By Sujit Assudani
June 3, 2015
New York, NY – USA and India based Sourcing and Procurement Advisory firm EmpoweringCPO announced its new offering of Low Cost Country Sourcing. The company has been serving its clients since 3 years now with its diverse portfolio of services. All their services are aimed at enabling enterprises deliver best in class performance for key business outcomes such as reduced TCO and higher savings. These services include Spend Analysis, Strategic Sourcing, Supplier Diversity, Sustainable Procurement, Procurement Intelligence and Procurement Analytics. After successfully delivering projects for these assignments, the company has now developed its delivery model for Low Cost Country Sourcing.
According to the company the key to successful implementation of LCCS projects is to have on-ground presence in major LCCS countries like India and China. To support its clients the company has now opened up offices in India and China.
As a first step they conduct thorough spend analysis using their proprietary framework to identify the right categories for LCCS. This framework analyzes each category based on various attributes for Supplier Market as well as for the Product that is to be sourced. Supplier Market attributes like Labor Content, Strategic Importance of Market, Supplier Capability, Shipping Logistics Cost, Security Risk, Political Stability and Cultural and Language Barriers are evaluated. Product related attributes like Labor Content, IP Content, Importance of Lead Time, Level of Product Specialization, Product Complexity and Service Requirements are also evaluated.
EmpoweringCPO provides end to end Source to Pay services to enable enterprises deliver best in class performance for key business outcomes such as reduced TCO and higher savings. Procurement Intelligence and Analytics are their key offerings to help clients successfully execute assignments like Spend Analysis, Strategic Sourcing, Supplier Diversity and Sustainable Procurement.
They are a team of experienced sourcing professionals. They are easy to work with, focus on outstanding client service, and work hard to ensure that the results are achieved. They have been serving Fortune 500 companies with global operations for more than 3 years now since their inception in 2011. Their value proposition centers on empowering clients procurement team to achieve their core business, sourcing and procurement objectives. Their fundamental strategy is to be a seamless extension of their client’s procurement team.
To learn more about this announcement, please contact
Phone: +1-336-441-0020 (USA) / +91-9879564584 (India)