Procurement Redefined

After reading a publication titled Procurement Redefined presented by TWS Partners, it enforced everything we at CSI Group see happening with some of our key customers. We have some thoughts on how this process needs to be addressed by both the manufacturer and supplier to make this the most effective process possible.

Image result for Add ValueWhat is the Concept of Procurement Redefined?

Today with a truly global economy, the concept of in-house production is decreasing. In some industries, for example, it constitutes less than 30% of output. This creates a more complex demand on the supply chain. Companies are relying more on their suppliers to provide them with value added solutions and innovations. They are requiring solutions for manufacturing, engineering, product creation, and logistics.

With procured goods and services accounting for two-thirds of a company’s cost structure, it is apparent that the role of a firm’s procurement department has changed dramatically over the past several years.

Procurement has become a strategic function as it has to insure the company remains cost competitive and still innovates. It has to focus on building strong relationships with its’ key suppliers and continue to strengthen the firm’s capabilities to remain competitive in a fast moving environment. The companies who fail to capitalize on working in conjunction with their supply base will ultimately begin to lose ground to their competitors that recognize the value of a collaborative partnership concept.

At CSI Group, we are fully aware of what it takes to build a collaborative partnership with key customers. Our model is built to supply multiple technologies and value added services that can help our customers reduce costs and react quickly to their customers’ demands.

We become involved with a customer’s needs at the beginning of the sales process. This is mandatory as the requirements for both manufacturer and supplier change. As a team, we must have a true understanding and a commitment to what is necessary to make a success of the program. 

Some examples of early involvement with our strategic customers to build programs that add value to their ongoing pursuit of remaining highly competitive in their markets are;  [Read more…]

3D Printing Added To Our Manufacturing Capabilities’ Portfolio!

3D Printing_Machine-Parts

ProX 300 Phenix 3D Systems (Selective Laser Melting (SLM)

3D Printing of a product is created by adding materials to the object layer by layer until printing is complete. This system allows for complex and intricate designs.

SLM Benefits:

Highly beneficial for producing metal parts for prototyping or quick production.

Allows to create complicated and complex designs that wouldn’t otherwise be possible with any other technology (due to limitations with traditional manufacturing processes).

Create thin-walled objects and intricate geometries which in turn produce lightweight designs.

Customize and quick turn around time to market.

Perfect for manufacturing small batches.

A 3D Printing assessment for the easiest and most convenient way to produce will be completed based on any concept.

Based on customers’ design with 3D model and 2D finish prints.

We Now Specialize in 7 Technologies – View Our Capabilities

 

 

 

Supplier Reduction: Features & Benefits

LOW COST.jpg

Is your procurement organization mored in the complexity of having to manage too many suppliers? If so, don’t feel like you are alone in this quagmire, it’s a very common problem. We here at CSI GROUP have a base in excess of 120 customers located throughout North America.

In discussing this issue with many of our customers, we have heard of a vendor base as high as three thousand vendors [mostly gained through acquiring companies] and we routinely hear of the supplier base consisting of between 200 and 500 suppliers. In a lot of cases, it appears that many of these suppliers only provide one or two components. Does this sound familiar to you? Let’s take a look at the benefits you can achieve if you develop a strategy to work with a limited number of “key” suppliers.

[Read more…]

Benefits of Partnering with CSI Group: Your One-Source Precision Components Solution

[Read more…]