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ESSNPS provides a wide range of contract sourcing services required by any engineering or manufacturing company – right from the nuts & bolts of specific tensile strength to equipment, sub-assemblies & parts. These are provided with assured quality and prompt service.
An excellent database of vendors/suppliers for all types of materials and manufactured products of high quality. Each vendor has been assessed for quality of services and backed by a successful track record as a reliable supplier for years.
All vendor related services – from checking the credibility to assessing the capability, verification of all the required production and service facilities, third party inspection and reporting – are available from a single source, a one stop shop.
InSourcings provides a seamless experience for a company looking for Contract Sourcing services with a reliable vendor base. All it has to do is furnish its requirements and mention the specifications. InSourcings has the professional expertise to ensure a fruitful relationship.
An extensive database of vendors and suppliers for all types of materials and manufactured products of high quality. Each vendor has been assessed for quality of services and backed by a successful track record as that of a reliable supplier for years.
All vendor related services – right from checking the credibility to assessing the capability, verification of all the required production and service facilities, third party inspection and reporting – are available at a single one-stop shop.
ESSNPS provides a seamless experience to any business that is looking for contract sourcing services with a reliable vendor base. All they have to do is furnish their requirements and list out the specifications. ESSNPS has the professional expertise to ensure a fruitful relationship.
Companies have myriad requirements and locating a suitable supplier is not an easy task. ESSNPS with its extensive database of verified vendors, helps buyers to connect with suppliers who are most likely to fit the exact requirements, thereby achieving a faster response.
RFQs are floated once the proper enquiry is received in order to get quotes from the shortlisted vendors. The RFQs are drafted with meticulous care; they list out all the specifications and other terms so as to get fairly accurate quotes.
Bid comparison is a critical process as it has to factor in not just the quoted price but also examine all the deliverables, in order to arrive at the lowest cost bid rather than the lowest priced bid, which may not be the most competitive one after careful scrutiny.
Another important step in the process of sourcing and procurement is negotiating the terms in the contract. If there are two or more comparable bids that qualify on most parameters and meet all the terms and conditions, it comes down to negotiating the most favorable terms that would eventually mean deciding the winner.
The entire process of contract sourcing is documented in detail at every stage for easy review and for future reference in case of any dispute. These documents are an important record of all the preparations and negotiations between the buyer and the seller.
A successful execution of an effective sourcing strategy depends on how well each of the steps in the process has been handled. Given the depth of expertise available based on experience, ESSNPS helps companies with the best execution plans.
Our team has the necessary skills to prepare the documentation to cover the contract requirements. The team monitors and analyzes the status on a weekly basis, and also manages various aspects of the contract to the finest detail. Our team not only has the necessary skills to prepare the engineering drawings in detail with all the mechanical, electrical and other specifics, but our expertise can also help to create reports as and when not available.
ESSNPS has been in operation since 2005 in the sourcing & procurement domain and has a team of professionals with experience across diverse verticals. Over decades, it has helped form hundreds of successful sourcing partnerships globally, while also helping buyers connect with high quality vendors in India, in a mutually beneficial partnership. Using its domain knowledge, the company helps locate manufacturers of any type of industrial product or material that goes into manufacturing or services that contribute to the process. The company has the resources to conduct the entire process – right from framing the initial inquiry and shortlisting of vendors, to raising the RFQ and evaluating the bids, to successfully negotiating the best deal, following it up with the process of quality control and inspections, FAT and pre-shipment checks, while also taking care of the logistics, warehousing, and the final delivery at the buyers end. All this and more, at highly competitive rates.
Professional sourcing & procurement companies are not your usual run-of-the-mill operators looking to make a quick buck and vanish in thin air. These are hardcore professionals engaged in the serious business of providing a critical service that is increasingly being outsourced by all large companies. They have the necessary knowledge and experience of scouting for the most competitive vendors with a good track record of order fulfilment. They go about their business systematically and work hard to get the best deals because the success of their business depends on making more such deals.
Quality is at the heart of a successful buyer-seller relationship because no buyer is likely to place a repeat order if the quality has been compromised. Globally, businesses are facing stiff competition and the cost of failure is high. The presence of professional intermediaries ensures that the buyer has access to the best services that put in place effective quality control measures and inspection routines at every stage of the process, with the buyer in the loop at all times about the actual procedure. In case there is an issue in the quality, there is some elaborate record keeping and documentation that can trace the exact batch and pinpoint the precise reason for the problem – whether it is a defective material or a wrong welding joint, for instance, so that there can be remedial action.
The very nature of a professional intermediary is to take care of consistency in quality because that is what keeps us in business. These agencies invest a lot in creating the checks and balances that ensure consistent quality. Their experts are familiar with the nitty-gritties of materials, machinery, production processes and have access to the latest test equipment and inspection protocols. They are well versed in the processes of welding and heat treatments, for example, or the fabrication of reactors and pressure vessels, and the need to conform to the relevant international standards in terms of safety and end user certification. Above all, all these are spelled out clearly as part of the terms and conditions at the very outset.