We take this opportunity to update you about our Strategic Sourcing services for our clients in steel as well as other industries like Steel Authority of India (SAIL) - all units,TATA Steel - (Jamshedpur, Mines locations, Kolkata and new projects like Kalinganagar), Jindal Steel and Power, Monnet Ispat, Aditya Birla Group, TATA Group, Dalmia Group, Hindustan Copper, Rashtriya Ispat Nigam, Kudremukh Iron Ore Company, British Oxygen, ITC, TATA Chemicals, Eveready & many other PSUs and PRIVATE sector companies. We have procured materials, services and contracts in value exceeding Rs. 8000 crores for our client companies in the last 5 years. We are currently catering to 30 clients - helping them source Coal, ferro-alloys, refractories, electrical and mechanical components and materials, process consumables, service contracting, other raw materials etc - almost the entire spend spectrum.

Under Strategic Sourcing Services, our process activities constitute of:

* Market Analysis and Research of Material Categories:
Value Addition for Categories with Price and Supply Volatility with (i) Market Intelligence Support, (ii) Market Forecasting, (iii) Strategy for Optimum Sourcing, (iv) Exploring Import Possibilities and (v) Supplier Discovery and Validation Assistance

* Providing Strategy for Cost Management in Falling/Rising Markets due to:
(i) Material Price Volatility, (ii) Material Shortage in Market, (iii) Material not available in time, (iv) Rejections due to quality issues, and (v) Supplier back-outs

* Vendor Identification and Validation:
(i) Maintaining the database of vendors for major steel companies of the country (ii) Identifiying new vendors for all material categories, (iii) training and validating the vendors

* Product Knowledge:
(i) Study product & constituents (ii) Prepare break down costing wherever possible (iii) Develop cost model and levers of negotiation (iii) Identify key price variation constituents if applicable.

* Online Negotiations:
Reduces material cost through online negotiations by (i) pitting suppliers against each other and putting psychological pressure, (ii) lowest landed cost through provision of separate negotiation on freight component

Our value propositions are in the following area:

i. Our Steel Sector specific experiences and expertise (being India's only Strategic Sourcing Consulting and Execution Company with specialization in materials and logistics in Indian market)
ii. Innovative Procurement Outsourcing (PO) service - unique in India and aptly suited for MRO, Process Consumables, Project Related Materials and Services Procurement (mjunction's Strategic Sourcing cover's widest range of material and services categories)
iii. Our Geographical Location adding tremendous advantage to our Infrastructure Sector clients on Pan India basis
iv. Active and continuous market making and new supplier sourcing (mjunction has largest validated supply base)
v. Experience in sourcing for Large Scale Manufacturing organisations, with global footprint.
vi. India's largest b2b eCommerce platform: Results in benefit of aggregation wherever possible

Please feel free to contact us for any business enquiry.