Electric Way’s trusted relationship with clients brings opportunities to serve them in areas of supply chain management that hitherto are bastions of internal departments. An Oil & Gas company in Kuwait entrusted our team to manage the vendors for their projects. And while we were the principal suppliers for their cables and electricals, the client tasked us to manage the vendors supplying them with the other material for their projects.
Electric Way used their experience in supply chain logistics and expertise in technology tools to manage over 100+ vendors for this prestigious client. Our team was tasked for managing the complete cycle from requisition to delivery and inspection. The inventory of the project was managed by our team.
The key benefits to the client were:
– Higher Operational Efficiency
– Better Cost Management
– Quality Vendor Relationship
Higher Operational Efficiency
Client team was relieved from the day-to-day management of the vendor affairs giving them time to focus on more critical aspects of their project. Electric Way team interacted with the vendors using communication and collaboration tools to coordinate the sub-cycles of the procurement, delivery, inspection and storage aspects.
Better Cost Management
A client team has to weigh in many factors and keep an eye on many parameters at the same time thus giving them lesser time to focus on management of costs. Electric Way team used their knowledge and experience to ensure that best practices and prices were negotiated for each and every items purchased. Adhering to the requirement standards, our team ensured the best prices for the client.
Quality Vendor Relationship
A vendor relationship is a crucial part of a vendor management program and clients may at times get distracted or annoyed, thus losing objectivity. A professional approach by a third party vendor management company like Electric Way maintained the quality of the relationship with a give-and-take approach. A vendor was admonished when required and appreciated sufficiently to ensure a balance of the relationship. Friction and conflict resolution was done professionally keeping the interest of both parties in mind.
We are proud to have been selected as a trusted partner for this service.
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