About Us

Who Are We

We at Sourcing Procurement (SP) help Corporates Improve their Margins (by Cost Management) and Customer Service Level (by Supply Risk Management).

Prior to rolling out any initiative, we do Pilot Project with corporates to assess and quantify desired improvement potential at NO COST !

Below are the representative engagement landscapes with corporates across industries.

  1. Sourcing: Price Discovery, New Supplier Discovery, Bench Marking, Competitive Intelligence etc.
  2. Procurement: Category Management, Tail End Spend Management, Cost Savings, Automation, Risk Management, Aligning the Operating Model, Strengthening the Eco System etc
  3. Supply Chain: Optimising Cost-To-Serve, Logistic Procurement, 3PL Deployment etc.

Our Mission

Reduction in Total Cost of Acquisitions of Goods and Services for the organisations.

Vision

To help organisations get Value for Every Money Spent.

MEET YOUR PROCUREMENT TRANSFORMER

‘Sourcing Procurement’ is recognized as one of the Top 10 Sourcing and Procurement Consultants 2022 by Industry Outlook Magazine

Tapan Shah

For any organization, procurement is an essential business process. However, most organizations face challenges in this area. They will have either internal constraints on adequate procurement resources or limitations of internal capabilities to undertake effective procurement processes. These hold back the organizations on the urgency of delivering procurement Key Performance Indicators. To address these challenges, Sourcing Procurement, a promising procurement solution provider, is involved in providing On-Site/Remote and Virtual Consultancy in Procurement/Supply Chain domain. The company has successfully completed several consultancy assignments for clients in pharmaceuticals, veterinary, auto-ancillary, engineering, lubricants, and e-commerce sectors.

“Our objective is to help organizations by sharing best practices to reduce the Total Cost of Acquisitions of Goods and Services and gain value for every money spent in the procurement process,” says Tapan Shah, the Founding Director at Sourcing Procurement. The company provides prospective solutions to ensure that the end-to-end supply chain is correctly balancing the metrics of cost and service throughout Procurement, Production, and Distribution. The company has a proven track record in undertaking Category Management projects for identified spend areas and delivering the projects in line with mutually agreed time-bound deliverables.

Sourcing Procurement believes in creating leaders and empowering teams in the procurement fraternity and offers training and mentoring of procurement team members in client organizations to achieve business deliverables by applying category management processes. The company also provides 16 hours of classroom training that gives exposure to the category management process to the procurement teams of clients. Sourcing Procurement now supports SMEs by providing virtual leadership to their procurement teams remotely with accountability for Target Delivery, which eliminates the need for hiring a full-time Procurement Head by these SMEs.

The company believes in following a proven global approach of Category Management to manage spends on all categories with the approach of ‘How to Buy’. They share such best practices with customers, which help them streamline the procurement process and establish some methods in the madness. Other areas of consulting include Supply Chain Finance to improve cash flow for clients as well as their suppliers and In-plant Logistics to help improve plant efficiency. They also provide Functional Leadership in the event of sudden loss of Procurement Head in the organization for any reason. By offering this service, functional continuity is maintained until a new recruit is put in place by the client organization.

Our objective is to help organizations by sharing practices to reduce in Total Cost of  Acquisitions of Goods and Services and gain value for every money spent in the procurement process
Sourcing Procurement has an enviable reputation in the supply chain and procurement space. For instance, the company recently worked with a client manufacturer of industrial and automotive lubricants that was struggling to improve its supply chain management efficiency. They also had less time and a limited budget to invest. With the help of Sourcing Procurement’s training and consulting services, the client was able to improve the supply chain management efficiency without any investment. As per the company’s advice, the client used the power of data and followed the ‘Measure what needs to be managed’ approach to achieve success.

In a span of six months, the client witnessed 25+ process improvement initiatives across demand planning, supply planning, warehousing, logistics, and primary distribution, with potential annual savings of Rs. 50 lakh. Having carved a niche in the procurement sector, Sourcing Procurement is poised for a bright future. The company is all set to expand its services across various industries in the coming year.

“We will continue with our training and consulting services. We are also planning to add certification programs that will help clients enhance internal capabilities in procurement and supply chain processes,” concludes Tapan Shah.