Sourcing Project - From Global to Glocal !

‘Be Indian, Buy Indian’ or ‘Make in India’ strategy works not only in our daily walks of life but also in the Corporate World. Localizing our sourcing strategy reduced lead times by
32% and improved supply chain resilience.
When the global disruptions in supply chain were causing delays & cost overruns and the ever-increasing foreign currency rates were causing imports to cost us consistently
higher, we resorted to the development of import substitutes by identifying potential MSME suppliers and developing them. Local suppliers offered faster turnaround and
better communication. Proximity enabled tighter quality control and reduced logistics costs.
The results…?
Well, the lead time dropped significantly from 18 weeks to 11 weeks, the ‘On-Time’ delivery improved from 72% to 96% and the customer satisfaction scores increased by whopping 22%.
This shift wasn’t just a tactical shift, but it was strategic. It empowered us to respond faster, reduce risk, and build stronger supplier relationships with a devoted supplier base.