Synchronous Management International, Ltd provides a breadth of services to our clients. Our most popular service offering is the Network Procurement® Process.
With over $30 billion in Network Procurement® process agreements worldwide, this is a tremendous advantage in bringing your firm and your current suppliers` world class material support.
What is the Network Procurement® Process?
Our approach to supplier partnering is called the "Network Procurement®" process. The objective is to engage all of our client’s key and valued suppliers, as well as others who they may wish to add to their supplier base [we can help here], into a relationship that improves quality and reliability, reduces costs and increases sales for all parties involved. We call this innovative approach a "win-win-win" approach because the client benefits, the supplier benefits and the end user customer benefits. That is the key to the success of the Network Procurement® process; this is not a one-sided approach where unilateral terms are dictated by one organization, but rather a true “win-win-win” for all parties involved.
What Key Benefits Can I Expect From the Network Procurement® Process?
The process is fairly simple to relate but admittedly not easy to implement. The Network Procurement® process is quite simply an ongoing formalization of the long standing objective that most firms have always had with their supplier base; to achieve a true "partnering relationship" with a supplier where both parties collaborate on:
- Mutual quality and reliability improvement;
- Cost reductions and the elimination of waste - especially unnecessary overhead;
- Ongoing business without the sales and marketing costs of maintaining the relationship.
Typical Network Procurement® process results:
- Delivery in 24 to 72 hours;
- Reduced time to market of 50% or more;
- Inventory reductions of 25 to 75%;
- Ship to stock without the need for incoming inspection;
- Reliable forecasting of 6 to 12 months;
- Average immediate price reductions of 19% and cost reductions for both supplier and customer ranging from 10 to 40% and more!
How Does the Network Procurement® Process Work?
Network Procurement® is a comprehensive agreement, which involves a great deal of technical problem solving - so that fair agreements can be put into place. The rewards to a successful program are tremendous! Implementing NP involves quite a bit of training for in-house and supplier personnel, technical problem solving to actually create, implement, and maintain lasting relationships. We are experts at this!
Define Goals: Detail review of data and operations to set process objectives and estimate implementation benefits.
Formulate Action Plan: Includes inputs to customize and finalize process to your organization and your team.
Communicate Process: Thorough review of the process plan so the whole team is knowledgeable of the strategy and approach. Final adjustment of plan if required.
Implementation: Working side by side with your team to execute the final Network Procurement® process plan and objectives.
Rollout: Launch the Process of Continuous Improvement (PCI), guaranteeing that the success of the final Network Procurement® process results will not unravel once after implementation.
Would the Network Procurement® Process Work With My Organization?
The Network Procurement® Process can be implemented with virtually any client organization and your organizations supplier base. Client organizations include, but are not limited, to: manufacturing, healthcare, pharmaceuticals, aerospace, government, and defense.
How Do I Get Started?
See the “Contact Us” tab of this webpage for more information on these and other service offerings.
