Sourcing Plan
Challenges
Sourcing cost is a major expense for industries such as automotive, retail, and consumer packaged goods (CPG). Companies can significantly reduce costs by optimizing their sourcing plans with a holistic view of the supply chain.
Sophus Solution
Generation of an optimal sourcing plan that takes into account the overall impact on the supply chain cost. This includes recommendations on when to source, how much to source, and consideration of bracket pricing, sourcing rules, and the impact on downstream inventory and supply chain cost.
Trade-off analysis between in-house capacity and outsourcing, taking into account factors such as cost, capacity, capabilities, lead time, and seasonality.
The optimal plan will be differentiated by product type.
Benefits
Sourcing cost reduction of up to
6%
Inventory reduction of up to
8-10%
Logistics cost reduction of up to
15-20%
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