Challenges and Key Performance Indicators for Purchaser of C-parts
Knowing from experience the scope of responsibilities for a purchaser of C-parts, we are well aware of how challenging it is to manage this process. You need to meet the requirements of your own department while also fulfilling the expectations of production and management.
Part C components are incredibly important but often underestimated. Even if, as a procurement specialist, you consistently deliver the necessary C-parts in the right time and quantity, your work may go unnoticed. It’s only when part availability decreases and prices rise that everyone starts paying attention to you, and the procurement department is blamed for supply chain disruptions and production delays, which, of course, come at a cost.
Our company, Marcopol, as a supplier of C-parts, understands these challenges and strives to meet them. In our upcoming posts, we will present you with services and methods that enable effective management, ordering, and cost savings not only on C-parts but also on all fastening elements.
Challenges You Face as a Purchasing Department Employee
Marcopol emphasizes the benefits of consolidating suppliers of C-parts. If you have to deal with 20 or 30 suppliers, each with their own contact, ordering process, and logistics, you are faced with a lot of repetitive and painstaking work. It is not efficient to handle all that administration when, with the help of our company Marcopol, you can consolidate suppliers and obtain all the necessary C-parts faster and more efficiently.
The consequences of using a dispersed pool of suppliers can be significant, posing a serious challenge for those responsible for purchasing in manufacturing companies. However, if your company already has a relatively consolidated supplier base, these may not be the challenges you have to deal with.
Your challenges may be different and related to the level of service you receive from your current supplier. It’s good to have a supplier who has a vision and understanding of your business, needs, and the challenges of your production – not only now but also in the future. Without a developing partner, you may have difficulty adjusting and expanding your C-parts activities as your company’s needs change. Solutions offered by Marcopol, such as consignment stocks like IDEA, allow for quick response to changing conditions in which our business partners operate.
Key Performance Indicators (KPIs) You Need to Meet
The challenges described above are just some of the ones you will have to deal with in your role as a procurement specialist. In addition to them, there are several key performance indicators by which you are evaluated. One of them, of course, is KPI.
In the context of your work and your Procurement Department, KPIs can include various aspects of the process, such as:
-
- Delivery Time – how long the process takes from ordering to goods delivery.
-
- Order Fulfillment Accuracy – the percentage of deliveries that precisely match the order in terms of quantity and quality.
-
- Procurement Costs – the total costs associated with procurement, including transportation, warehousing, management, etc.
-
- Inventory Turnover Ratio – how often a company is able to sell and replace its entire inventory within a specified period.
-
- Order Fulfillment Rate – how often orders are fulfilled on time.
-
- Material Consumption – monitoring the efficiency of material utilization.
By partnering with our company, you no longer have to worry about the results – our team of experts always works towards providing the highest quality services and products that bring tangible benefits. Our mission is to help you achieve your business goals with ease.
How to improve the supply of C-parts?
The key to success is building strong and reliable relationships with suppliers. These relationships, especially in a post-pandemic world, allow suppliers to better understand the company’s needs, enabling them to act proactively and introduce improvements and changes ahead of time, on their own initiative, rather than simply focusing on ad-hoc task completion.
Marcopol, as an experienced supplier of C-parts, is a crucial partner in this regard. Through close collaboration and understanding of your needs, we are able to provide not only products but also know-how, helping to transform your challenges and problems into successes.
Marcopol is here to assist you with that. We invite you to collaborate with us!