Industrial Sourcing & Supplies
About Us
Surya Marketing, established in 1995, is a diverse company with corporate establishments in Pune, India, and Singapore. The company has a well-established dealer network in major locations across the country. We are ISO 9001:2015 certified, with a commitment to maintaining high-quality standards in our operations.
Surya Marketing has a qualified and experienced sourcing team that is capable of addressing a wide range of customer needs, including complex and timebound requirements.
Product Portfolio
The products supplied by Surya Marketing encompass various categories, including:
Machine Spares
This includes parts and components for machinery, ensuring that industrial equipment remains in optimal working condition.
Consumables
These are likely products that are regularly used up in various industrial processes, such as oils, lubricants, or other materials.
Electrical and Electronic Components
This category involves components used in electrical and electronic systems, such as circuit boards, sensors, or wiring.
Capital Procurement
This involves the sourcing and procurement of larger-scale assets or equipment needed for industrial operations.
Proto Development
This involves services related to prototyping and development, which is important for creating and testing new products or processes.
Imports
The company handles imports of various industrial goods and components.
Typical Scenario – Traditional Sourcing
Shortcomings – Traditional Sourcing
Shortcomings – Traditional Sourcing
3. Overloaded ERP System
a) Since the Traditional Sourcing Manages Multiple vendors, The ERP has to carry Transactional records for all the vendors, Often keeping it Overloaded.
b) Cost of ERP Usage has an adverse effect.
c) Few vendors are Transacting hardly once in year, However their records have to be preserved in ERP.
d) Annual reconciliation with each vendor becomes tedious and lengthy process.
Shortcomings – Traditional Sourcing
4. Un-optimised Price
5.Weak Annual Cost reduction Plan
a) Since the Multiple items are being procured from Multiple vendors, there are cases where a single vendor is delivering small quantities of the material. Delivery of such material adds up to handling charges, overheads and Freight component, making the price unoptimized.
b) As the procurement quantum is small, Price advantage of Bulk Buying can not be availed. Besides due to lesser transactions, Suppliers tend to ask for advance payments.
c) Suppliers are reluctant to deliver the material to your workplace, as Transaction value is less. In such cases You will have to arrange for material pick up, which impacts the price further.
d) Since the Multiple items are being procured from Multiple vendors, The individual annual Turnover of every supplier is not adequate to impose annual cost reduction plans
Shortcomings – Traditional Sourcing
6. Risk Assessment and Legal Compliances
Compliance risk assessments identify, prioritize, and control risks associated with the threat of non-compliance in your industry. Potential penalties could be fines, reputation damage, legal repercussions, or the inability to operate the business.
Since in this model, the frequency of Interactions with each individual supplier is limited, It becomes practically impossible to assess the Business risks Compliance risks and Chances of Business continuity.
Shortcomings – Traditional Sourcing
6. Risk Assessment and Legal Compliances
Phase 1 : Routing the One time or less frequency transactions through Single Supplier , effecting the first level Vendor rationalization.
Phase 2 : Assure this Single window supplier with added Business Volumes by Further rationalizing Vendors.
Phase 3: Switch Over to Single window supplier Concept.