The challenges facing manufacturing companies and retailers have changed over the past decade and have led to a change in strategic focus for successful organisations. Businesses with an understanding of all the cost drivers impacting the parts they produce or buy are in a much better position to maximise profits. This includes the management of both the internal and external cost drivers impacting their or their suppliers' processes as well as the parts and materials they purchase. We work with our clients to gain an understanding of their costs, their suppliers' costs and in developing strategies to reduce them.
We provide experienced coaching in the development of cost estimates for purchased parts, make parts and production tooling. Our clients benefit from improved accuracy of estimates used both in developing programme budgets and in the support of fact based negotiations with suppliers. We work with our clients and their current software tools in the development of new processes and methods that improve the effectiveness of their estimating groups. The expertise of our team stems initially from a deep understanding of the North American Auto and Aerospace Industries. This has subsequently been applied across sectors and in many geographies.
There are many different methods of estimating the cost of manufactured parts employed by manufacturers worldwide. We work with clients to better understand the real cost of the parts they produce and then the development of pricing strategies designed to both maximise profits and minimise risks. Within the global automotive industry, we have extensive knowledge of the sourcing processes and methods of each vehicle manufacturer. We work with suppliers in the development of quotation communication strategies designed to optimise cost and minimise risks to the mutual benefit of each party.
Many organisations collect large amounts of cost data on purchased parts, but fail to effectively utilise this information in to improve profits. We offer our clients experienced based, benchmark, cost analytic solutions designed to drive their business forward. We work with our clients to utilise their existing cost data combined with our analytical tools to deliver critical cost analysis to the right decision makers, at the right time. Our cost analytics solutions are designed to identify key cost drivers and assign them to the appropriate areas responsibility.
"By working with Vendigital, we've made some dramatic improvements in our procurement processes."