Case Study: On-site Purchasing Program
Smith & Associates implements an On-Site Purchasing Program to support a global OEM’s procurement of electronic components.
Challenge: A leading manufacturer of industrial technology began to experience rapid growth of electronic content in its products. This historically industrial corporation found itself in need of an experienced electronics components procurement specialist to augment its expanding sourcing efforts for often obsolete or hard-to-find electronic components.
Solution: Smith & Associates addressed this company’s need with an On-Site Purchasing Program, placing one of Smith’s procurement specialists on site to assist in the procurement of electronic components. This procurement specialist brought with him the full benefit of Smith’s resources, such as market expertise, global visibility of pricing trends, quality control processes, and access to Smith’s real-time internal trading platform.
Smith’s on-site specialist not only managed the procurement of electronic components for this customer, but became a key member of this customer’s procurement team; assisting in inventory management and procurement planning to manage costs and avoid potential excess or shortage situations in the future.
As a result of the success this customer had with Smith’s On-Site Purchasing Program at the North American location, the customer requested additional Smith specialists for procurement locations in other regions of the world. These Smith procurement specialists have become essential to the customer’s global procurement staff.
Benefit: Placing a Smith specialist on-site allowed this customer to consolidate its electronic component procurement efforts. Consolidation benefits included cost savings, shorter lead times, and access to a large, qualified vendor base via Smith & Associates. This leading industrial technology supplier continues to rely on Smith’s On-Site Purchasing Program to locate hard-to-find parts, assure quality, and streamline inventory management.