Technomic Asia provides tailored assistance to clients wishing to expand their China sourcing activity and/or re-structure their sourcing organization.
Traditionally, firms without the resources of the major multinational corporations (MNCs) solved their China sourcing problems by dealing through third-party trading companies or from 6,000-8,000 miles away from the market. The lack of insight and transparency in this type of operation can impede your ability to effectively:
- Understand true supply chain costs and negotiate best prices
- Determine whether you have the best sourcing partner(s)
- Optimize your buying leverage
- Know that you have a secure and optimum sourcing structure, appropriate to
the importance of China sourcing to your firm in the long run
As China sourcing becomes a more strategic part of your organization, it is critical to have better understanding and control of the process in China.
Lack of Real-Time Intelligence
Poor Supplier Management
Ineffective Cost Controls
Lack of “Face Time”
Don’t Follow Process
Weak Local Management
Right People Not in Right Place
Not Growth Enabled
Outdated Supplier Portfolio
No Centralized Buying
Weak Cost/Data Process
Lack of Governance
Lack of Product Differentiation
Out of Sync With Market
Technomic Asia brings a unique combination of strengths to address these challenges and avoid the pitfalls. We have over 30 years of experience in China and our resources are dedicated to help western firms effectively and securely do business in a complex and dynamic market. Technomic Asia operates under a policy of business transparency – we are not a broker nor a third-party trading company – rather, our competencies are designed to be utilized as an extension of our client’s company in China. And being a strategic organization, we assist our clients as their organizations evolve and their needs change.
Technomic Asia assists its clients with their China sourcing strategies, from conceiving the best sourcing approach to finding the most attractive sourcing partners to establishing the optimum structure for long-term defensibility.
As a longstanding strategic consultancy in China, Technomic Asia also provides valuable senior management insight and support to the client, necessary in an ever changing and difficult market like China, to ensure that the sourcing approach fits well into the company’s long-term global strategy.