3S Strategic Sourcing Service
For strategic sourcing, bond with the best.
A great product makes a happy customer, and that’s all that matters. But sourcing this perfect product is a job easier said than done. It needs lots of brainstorming, a well-defined strategy, and years of relationship with the people who make this end satisfaction a reality — the vendors.
While the customer is considered the most important stakeholder in a business, the vendor is equally important at the other end of the spectrum. They are the cornerstone of any business, and a healthy relationship with them is a key criterion of strategic sourcing at 3S. India is known for its ace craftsmanship, yet the sector is not always organized. Tapping the right talent is a no-mean task and can be achieved only with experience. The vendors associated with 3S are master craftsmen who bring to the table some of the finest products. Thus, our mission is to give them a platform to showcase their talent on the world stage.
But relationships are not built overnight, and it has taken 3S 20 years to achieve this feat. Understanding the vendors’ strengths, their business strategies or the lack of any, their needs and demands, etc., has been central to 3S’s sourcing strategy. It has given us an edge to slowly penetrate the market to source the best of the bests. As a result, we proudly boast of being attached with over 500 factories and working with over 150 of them at any given point in time across 10 product categories and 50 sub-categories.
Having spent two decades in the home and lifestyle industry, we know almost all the players. Choosing the most suitable of them depends on customers’ needs, and the key determining factors are quality, cost, delivery, and compliance. Cost minimization is a defining factor for strategic sourcing and is possible only if there’s a strong bond with the vendors and respect for their craft. The negotiation is always subtle, with a focus on benefiting both parties. The result is successful sourcing of the best products at the best price, with minimum risks and maximum value.
Did you know that sometimes the best products come from the most unassuming sources? For a more detailed perspective on strategic sourcing, reach out to us!