The mission is to build strong supplier relationships and adopt dynamic strategies for optimizing cost efficiency and reliability that delivers value to the client. BFS focuses on the operational aspects of sourcing and managing the flow of goods and services, from initial purchase to delivery.
Functional Strategies
Key Goals
Supplier Research: Identifying, evaluating, and managing relationships with suppliers to ensure consistent quality, timely delivery, and competitive pricing
Strategic Sourcing: Developing and implementing sourcing strategies to optimize costs, reduce risks, and improve overall supply chain performance.
Contract Negotiation: Negotiating contracts with suppliers to secure favorable terms and pricing.
Risk Management: Identifying and mitigating potential risks.
Cost Optimization: Continuously seeking opportunities to reduce costs throughout the supply chain, including transportation, inventory, and supplier relationships.
Cost Savings: Clients can reduce costs by leveraging the expertise and economies of scale of a specialized procurement logistics company.
Improved Efficiency: Outsourcing to a single entity allows companies to focus on their core competencies while freeing up internal resources for other tasks.
Access to Expertise: Provided specialized knowledge and experience in areas such as supplier management and contract negotiation.