Our Sourcing Process
The foundation of our global sourcing method is built upon strong supplier relations and robust research methods to close gaps in the process and ensure optimal performance.
1. Needs Assessment:
Our sourcing company conducts an in-depth assessment of your needs like desired quality and quantity, target price, and required specifications. Then our experts evaluate the current market conditions and identify potential sourcing suppliers.
2. Supplier Identification:
We shortlist our vendor sourcing process in terms of reliability, production capacity, and past performance metrics. Further, we also look at regulatory compliance and accountability in quality issues to minimize roadblocks in strategic sourcing.
3. Supplier Evaluation:
Suppliers are the backbone of our process at Inductus Global and thus our certified quality inspectors have stringent evaluation methods in place in different categories like financial stability, quality checks, and factor audits. This helps us consistently deliver high-quality sourcing solutions.
4. Sample Evaluation:
We assess samples from suppliers as per your pre-defined criteria. Our standard parameters are quality assurance checks followed by providing the necessary data to help you make informed choices.
5. Negotiation:
We negotiate favourable terms in delivery schedules, payment structures, and pricing as per the latest industry benchmarks. This helps us build contracts based on real-time data and current standards ensuring the agreement is ideal for both parties.
6. Production Monitoring:
We proactively ensure quality control in manufacturing via data analytics tools which helps us provide real time updates in terms of supplier performance. Thus we can spot bottlenecks and resolve them before they start impacting your delivery timeline.
7. Quality Control:
Our quality assurance control process is defined by previous data inspection, global quality standards, and production runs. Our pre-shipment inspections further streamline the process of compliance reducing defects and delays.
8. Logistics and Shipping Support:
We optimize logistics and shipping processes by minimizing costs and improving lead times. Our expert sourcing and logistics team ensures smooth customs documentation, shipping schedules, and delivery timelines with real-time tracking and advanced software.
