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KGPCo Sourcing Saves Customers Millions
March 8, 2022
KGPCo’s Sourcing capabilities add significant value to our Supply Chain programs. By developing and executing robust sourcing programs we create strategic partnerships that drive cost savings for the customer.
Our sourcing initiatives are designed to locate hard to find materials, and identify products that benefit the customer’s bottom line, saving them thousands, even millions, of dollars annually. In the last 12 years, through the work of our Sourcing team, KGPCo has saved customers a collective $67 million1.
Our Sourcing team adheres to a ‘Customer First’ philosophy, acting as an extension of the customer. The goal is to do what is best for our customers, in all circumstances. Here are some ways we do this:
- We analyze current customer spend to uncover ways to consolidate the number of products needed to fulfill the bill of materials through SKU rationalization.
- Through our extensive OEM relationships, we secure the lowest pricing and the highest quality possible on the items our customers require.
- We are instrumental in finding items when others can’t, and that the customer might not be able to source on their own, even in the wake of current supply chain challenges.
- We thoroughly vet potential OEMs to ensure their product lines and operational strategies are the best fit for our customers.
- Not only do we source products, but we manage the process of product scope and review, RFx analysis, approval, product set up, transition, and reporting savings; everything a customer needs to switch from one product and/or OEM to another.
KGPCo’s Best Kept Secret
KGPCo’s Sourcing program lowers our customers’ total cost of ownership. It’s a competitive advantage that has influenced top-tier customers to do business with KGPCo. By reducing their SKUs and sourcing better, more cost-effective alternates, we save time, eliminate excess material, and reduce the overall cost of goods.
Simply stated, we tell our customers no matter what you need or who you're buying it from, KGPCo’s Sourcing team can help you streamline your bills of material to save on lead times, increase quality, and save money in the process.
To inquire how our Sourcing team can work for you contact Chris Cutts, KGPCo’s Director of Sourcing at [email protected].
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1 Total savings was calculated by adding individual customer purchase reports from 2009-2021.
