Sourcing is the process of identifying new suppliers / vendors, raw materials for new products etc. This includes activities such as getting supplier / vendor supplier information, uploading the information into the system, defining pricing, lead time, minimum order requirements etc.
In most instances, it is a one-time process; however parameters such as price etc. are variable and changes according to supplier requests.
Procurement is a repetitive process involving placements, confirmations and follow-up of orders with suppliers until delivery.
Given the growth of the global market, sourcing and procurement processes have become more complex for busirness due to various geo-cultural and language differences. To eliminate these issues, and address spend and additional cost savings to the bottom line, it is important to have a highly efficient sourcing services model.
At Wonders Inc. ,, we believe strategic sourcing is a process in which we harness the skills of the supply industry to best optimize sustainable and competitive advantages for our customers. This is accomplished by developing a secure and responsive supply base that is capable of providing quality, delivery, costs, technologies, flexibility and services to meet the current and future business needs of our clients.
We envisage each commodity scope of global sourcing activities will be dictated by type & profile of commodity. Based on the commodity characteristics & global sourcing potential, scope will be suitably enhanced.
We offer strategic sourcing solutions for businesses of all sizes, including the small to mid-market and the Fortune 500.
Long term
Our desire is to build a long term relationship with our customers as a Global Professional Service provider.
A pilot project and the potential of the initial projects provides the ideal opportunity to start building a foundation team, thus meeting a critical success factor in global services; a long term partnership that is beneficial to both parties.
In addition to the foundation team, Wonders Inc. is able to scale for individual projects.
Optimized cost base
Delivery of these services is at an optimized cost to our customers.
We aim to provide the best price / performance ratio that is possible in a global market place.
Price is determined by the combination of people, process and technology. How these components are put together determines the cost.
Transparency
Our aim is to work with our customers in a partnership mode where the objectives of both companies are respected.
We also aim to achieve an operating margin that allows the global professional services business to grow.
Apart from transparency in delivery, Wonders Inc. aims to provide transparency in proposals; pricing, effort estimates and actual effort, and continuous process improvement.
