Within the complex landscape of the supply chain industry, various niche verticals are working in tandem with each other with the ultimate goal of making product manufacturing and distribution simple. With India’s growing product demands across verticals, the scope of growth within this sector is booming and is only anticipated to rise. Within this segment, a niche of raw material procurement for diverse industries and commodity manufacturing remains largely unorganized and lacks transparency, making it challenging for India’s MSMEs to benefit.
This leads to businesses sourcing products locally, manufacturing at higher costs than necessary, and selling end products at higher costs. To prevent these challenges from prevailing in the market, Silver Sickles Agro Plast, a Gurugram-based startup in the supply chain sector, takes a proactive approach, partnering with customers to understand their product needs, purchase patterns, and offering comprehensive solutions enabling them to receive the products at the best prices. Through consistent updates and communication, Silver Sickles expertly helps clients modify their purchases to get the best deals.
Tailored Solutions to Meet Customer Needs
The supply chain industry is an unorganized one, especially in supplying feedstock or supplier of polymers and chemicals. Commodity prices are subject to frequent fluctuations. As such, consumers lack knowledge about the prevailing market price for the most part when placing sourcing orders with supply chain traders. Benefiting from this lack of knowledge, the traders often sell commodities at a higher than prevailing price to businesses. This lack of transparency and knowledge of the ongoing product prices causes significant losses to businesses. Coupled with that is the challenge of product availability and the creation of artificial demand in order to raise prices.
To save businesses from such challenges, and with the vision to organize this unorganized market, Silver Sickles has adopted a transparent tailored solutions approach. Under this concept, the company monitors price fluctuations of the various products, matches these fluctuation dates to its various clients’ ordering patterns, and advises them accordingly about the right times to purchase in bulk, when to order in small batches, and so on.
As a complete supply chain solutions firm, built to bring value to the world’s biggest producers of diverse products, Silver Sickles brings products from the globally top petrochemical product manufacturers. This enables the firm to find the best solutions for its clients and act as a gateway to entry into the Indian market for its foreign partners.
“We at Silver Sickles are dedicated to empowering small and medium-sized enterprises with innovative solutions that drive growth. Our mission is to create value for our clients by connecting them with the world's leading polymers and petrochemicals producers, enabling their participation in the global marketplace. With a passion for customer excellence and a commitment to operational excellence, we strive to be the catalyst for positive change in the industry”, shares Sumit Pal Singh, Founder.
Silver Sickles’ tailored solutions help a wide range of industries to benefit from their strategic excellence. Some industries that the company caters to include the packing industry, building and construction industry, toy industry, agro-industry, automobile industry,
electronics industry, furniture and fixtures industry, pipe industry, footwear industry, chemicals and adhesives industry, home appliances industry, and rexine and artificial leather industry.
Facilitating Global Trade
Despite being only two years old, Silver Sickles’ strategic approach to negotiating with producers across the globe has played a significant part in their success, allowing them to cater to over 750 clients within this short span. But how do they do it? Here’s how - The company follows an aggregating model wherein it aggregates the quantities of products required by similar kinds of businesses, taking this number to various refineries to negotiate prices. The aggregation model helps increase quantity requirements which in turn acts as an incentive for refineries to give a better price, ultimately allowing the firm to offer better prices to its customers.
These refineries are not restricted to India. The company reaches out to leading producers of materials such as PVC across the globe including countries like China, Korea, Taiwan, and more to negotiate the best prices for these products. By entering into MOUs with the chosen companies, Silver Sickles can ensure that it gets special prices for the commodities and the quantity of materials it would procure in return.
“When we reach out to companies for commodity procurement, we negotiate the terms of pricing and quantities. But, we also reach out as a gateway to the Indian market for foreign businesses which they can significantly benefit from. From the special deals that we are able to secure with them, we can give our clients better opportunities as well. Additionally, we do regular imports which offers our partners greater exposure and competence in navigating the rules and standards of this region”, further shares Sumit.
With the aim to make the industry much more efficient, resultoriented, & customercentric, Silver Sickles is focusing on bringing revolutionary changes within the supply chain industry
Beyond Supply Chain
Dealing with a product like plastics, Silver Sickles understand the critical nature of the products with relation to the current environmental issues. Intending to ensure environmental sustainability, the company also consults and guides clients through how they can recycle plastics in the manufacturing processes of their particular goods. In addition to one-on-one sessions as and when needed, the company also conducts proactive sessions for the same.
The awareness programs not only help the environment but also help businesses maximize their material profits.
“We have opened this company with a vision. The Silver Sickles family is someone who is not only engaged in what we want to sell or what we want to do, the major thing which we add here is that we want to integrate the entire supply chain into just a simple thing that will boost not only the Indian economy but also the Make in India initiative with us”, lastly shares Vinay Parashar, Founder.
Future Plans
With the aim to make the industry much more efficient, result-oriented, and customer-centric, Silver Sickles is focusing on bringing revolutionary changes within the industry. Highlighting the need for a hybrid business approach, the company explains how small industries or small players in various businesses are unaware of the right products and right costs for those products which they need to produce their commodities. Typically, businesses partner with local vendors, and simply call them to supply the raw material needed. The lack of knowledge about the right prices and the best times to buy the products is a significant issue that the company aims to resolve.
To achieve this, the company is creating a platform, which will be integrated with its systems. While introducing a tech element, the company is also incorporating a traditional touch in the way the platform would work for customers. Similar to the way in which customers would place orders via call, through this platform, the customers can send a voice note stating which products they need and the required quantities. These orders would then be handled by Silver Sickles, ensuring a seamless product price pattern monitoring, order placements, as well as deliveries.
Expecting to have this platform up and running in the next few months, Silver Sickles is on the road to revamp the supply chain industry, benefiting not only itself, but the many SMEs that are boosting India’s growing economy.
.jpg "Overcoming the Hurdles of Scaling a Startup")
We use cookies to ensure you get the best experience on our website. Read more...
