Procurement and supply management involves buying the goods and services that enable an organisation to operate in a profitable and ethical manner. Responsibilities vary from sourcing raw materials and services to managing contracts and relationships with suppliers. Procurement is often responsible for up to 70% of companies’ revenue, so small reductions in costs can have a huge impact on profits.
BENEFITS
Cost visibility and control
Risk identification and mitigation
Innovation creation and management
CGREL’S EXPERIENCE
We are passionate about helping companies increase their profitability. Simply put, companies can increase their profitability either by reducing their costs or increasing their sales. We believe reducing costs is more sustainable, increases competitiveness and supports increased sales.
After 15 years working in different industries for global multi-nationals, leading global and regional teams in procurement, logistics and supply chain teams, Chrysolite Global Resources Ltd Ltd was created. Chrysolite was created with the vision of leveraging all the gained experiences in procurement, logistics and supply chain to empower companies to achieve profitability.
We achieve profit for companies primarily through coaching companies/companies outsourcing their business requirements to us. We have a track record of delivering results. Our scope includes – procurement, logistics, supply chain, project management and change management.
WHY CGREL?
Procurement knowledge – Having 10 years experience in procurement, logistics and supply chain and related fields strengthens our capability to deliver.
Proven Track record – Delivering success for projects worth over 50 million Euro savings delivered to companies.
Customer experience – We typically exceed our customer expectations based on the project goal given.
Innovation – We are strong advocate for innovation and leverage our supplier base to drive innovation for our customers.
INTRODUCTION
Based on the philosophy of minimizing price and optimising consumption, Chrysolite puts your business’s procurement plan under the microscope. Purchasing price variance methodology ensures premium acquisition costs while Chrysolite’s 8 Step Procurement Process builds and maintains positive relationships with suppliers. Simultaneously, lean and six-sigma processes improve product consumption efficiency. This combination of optimized purchasing and resource use consistently delivers significant, sustainable profit growth.
SOURCING PROCESS
Our sourcing process covers eight key steps which includes –
Spend analysis
Category Management
Sourcing Event
Contracts support and life cycle management
Supplier implementation and change management
Supplier relationship management
Supplier performance management
Supplier innovation
SOURCING TOOLS & PROCESS
We have advanced procurement tools covering benchmarking, negotiations, request for information, request for quotation, request for proposal, e-auction, contracts, key performance indicators, Value Add Value Engineering (VAVE), data analytics, savings calculations, network optimization, etc.
