Strategic Chemical Sourcing
Creating a strong supply chain reduces the costs for raw materials. But sourcing of raw materials can be incredibly time consuming and cumbersome for internal procurement and sourcing teams.
We at Rasaayan provide high quality, low-cost near-shoring, off-shoring, and local suppliers using our strategic sourcing consulting services.
Apart from being highly complex and specification based, strategic sourcing of chemicals also has several other unique challenges including: geographic based pricing, high standards for ingredient quality, a changing global marketplace, product and supplier reliability, and supply loss and disruption threats.
Using our strategic chemicals sourcing services, Rasaayan will leverage your internal resources and complement them with our time, market analysis and our own resources to ensure that you get the best price in the right lead time from the best supplier at the highest quality.
Strategic Sourcing Services:
- We help you identify the right suppliers of chemicals: Our chemical sourcing team focuses on your individual needs and a key set of factors to determine prospective suppliers / distributors and their offers. These factors include the location / distribution network of suppliers, competitive pricing and terms of payment.
- We develop an individual strategy for each client: Our chemical procurement team conducts a rigorous market analysis to produce a profile of each potential product as comprehensive as possible, gather quotations for pricing, and document the current market situation. By gathering and maintaining specification sheets, COAs, MSDAs, SDSs and other required certifications, we streamline the product comparison process.
- Our strategic sourcing team then leverages our internal price database gathered from years of sourcing activities, together with current market insights during the initiative’s negotiating and contracting stage, to achieve savings through cost reductions and project concessions.
- Our strategic sourcing team assists in managing evaluation visits to alternative supplier facilities and new product testing for sustainable relationship development and long-term savings.
Our strategic sourcing team deals with chemicals such as:
- Industrial Gases
- Bulk Petrochemicals
- Inorganic Chemicals
- Organic Chemicals/Intermediates
- Specialty Chemicals