Procurement has been a vital, transactional part of conducting business for almost as long as commerce has existed. Although the days of scribes tracking purchases on papyrus scrolls are long past, the process of carefully selecting and purchasing the goods and services needed for day-to-day business operations remains as crucial as ever. Procurement is an important step in understanding supply chains because it helps a company find reliable suppliers that can provide competitively priced goods and services that match the company’s needs. Moreover, the procurement process aids the organization in selecting the supplier that best fits all of the company's needs at a reasonable price. It allows the company to save time, money, and important resources by avoiding dealing with a subpar supplier.
Procurement can now be a strategic differentiator for competitive advantage, in addition to being a key source of quality, delivery, and cost savings. Perfectly understanding the scenario, Virtuous Industries LLP has positioned itself as a prominent services provider, bringing significant and sustainable value to its customers in the procurement of a diverse range of products and services. The firm is providing one-stop-shop solutions right from supplier identification, assessment, product and process validation, capacity assessment, production ramp-up,
demand management, logistic management, and shipment tracking till delivery to destination.
The core strength of the firm lies in its ability to respond to demand fluctuations. Significantly, Virtuous Industries is the only sourcing company from the Indian Sub-continent providing sourcing services in the Mechanical, Electrical, Automobile, and Agro engineering industry. “Virtuous Industries means complete peace of mind for our clients. Our Total cost of acquisition gives them justifying reasons to source the parts from the Indian Subcontinent”, signifies Vijay Bhasin, Director of Business Development Virtuous Industries.
Virtuous Industries is equipped with a proficient team of highly skilled professionals in the field of global sourcing, supported by six sigma master black belt engineering staff. The company offers customers cost cutting opportunities through the VA/VE and value stream mapping processes while adhering to their KPIs. It puts all project data on a digital platform that can be accessed, shared, and visibly processed by authorized stakeholders while ensuring data security for each customer. Further, the firm boasts the widest data bank of professionally managed suppliers, and its sourced parts touch almost every technology including Casting, Forging, Precision Machining, Extrusions, Plastic Injection, Metal Injection, Stamping, Laser Cutting & welding, and more. All in all, it places a premium on prompt but meaningful responses to its customers.
Virtuous Industries is the only sourcing company from Indian Sub-continent providing sourcing services in the Mechanical, Electrical, Automobile, and Agro engineering industry
Since its inception in 2021, the firm has witnessed an exceptional growth trajectory. In the first 12 months of its operation, the firm provided sourcing support worth $5 million+ and also has projects in hand worth $7 million. And, as it strives to reach new heights, it is looking to have dedicated verticals of subject matter experts to provide personalized attention to each industry segment, since it is extremely flexible in accommodating specific customer requests. Furthermore, key milestones on its future roadmap would include, Realizing cost-saving and optimizing the working capital of its clients, Rationalizing the supply base, Improving risk prediction, and innovating and collaborating with suppliers and customers. "We will continue investing in the right Talent and Technology. Value addition to our clients will remain the foundation of our growth and profitability", concludes Vijay.
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