Proficient procurement involves understanding a customer's market and products, and procuring quality components from suppliers on time and at the best price.
At Cygnus, we provide the best total cost for procurement of parts by assigning a dedicated purchasing professional to each of our customers. This purchasing professional is a critical member of the Account Team. Focusing on their customers' market and product requirements, they cement a buying strategy and are held accountable for inventory management. This accountability is measured in monthly audit meetings, cost reduction initiatives, daily tracking of on hand raw material and excess/obsolete inventory, stock out reports and an aggressive supplier scorecard system.
Supply Chain Management Capabilities:
- Consolidated Vendor Base
- Three Levels of PPV Inspection and Accountability
- Consolidated Parts Supply and Demand
- Standardized Purchasing Procedures
- Customized Customer Purchasing Strategy
- Customer Sign-off on NCNRs and Purchase Price Variances
- MRP Sharing
- Vendor Managed Inventory (Consignment and In Plant)
- Quarterly Vendor Business Reviews
- Life Cycle Analysis
- Negotiated Commodity Contracts
- Supply Agreements With All Key Suppliers
By combining all customer requirements into a single procurement plan, Cygnus is able to leverage economics of scale. A structured plan for procurement by program is established, taking into account individual customer pipeline, liability and volume requirements, and transferring a combination of hard requirement and forecast data electronically to our global network of suppliers.
Cygnus is capable to provide JIT (Just in time inventory) Kanban system and complete inventory solution.
Cygnus's automated supply chain solutions allow us to limit inventory liability and simultaneously ensure availability of raw materials, which is critical to meeting delivery and business requirements. Cygnus utilizes a software system that fully integrates bill of materials (BOM's), materials planning, procurement, WIP, and the sales and accounting functions all on a single platform, maintaining the integrity and continuity of critical data.