Overview
A leading global FMCG company with operations in 191 countries contacted Venwiz for assistance with dismantling and relocating a dock leveller at their Goa plant. Venwiz actively collaborated with all stakeholders, exceeding client expectations and delivering cost savings through successful project completion.
Challenges
Venwiz had to overcome several obstacles in the course of the project:
- Stringent vendor requirements: Finding a vendor who met the client’s rigorous safety and compliance standards, accepted a 45-day credit period with no advance payment, and possessed the necessary expertise.
- Client expectations: We ensured a perfect fit between the chosen vendor and the project requirements by crafting detailed pre-qualified requirements (PQRs) through in-depth discussions.
- Local expertise: Identifying a skilled and budget-aligned local vendor in the Goa region.
- Vendor vetting: Reviewing vendor documentation, experience, purchase orders, and conducting on-site visits for shortlisted candidates.
- Technical competence: Verifying the vendor’s technical expertise through an in-person plant visit.
- Negotiation: Collaborating with both the client and vendor to reach an agreeable commercial agreement, securing a 30-day credit, and implementing a monthly billing system.
- Financial constraints: Supporting the vendor to complete the project without requiring an advance payment.
Vendor Profile for dock leveller
The FMCG company had stringent vendor attributes:
- Turnover: The vendor should have an annual turnover between Rs. 1 and 2 crores
- Location: The vendor operates in the Goa region and complies with the FMCG’s safety and compliance standards
- Project availability: The vendor could execute the project between Jan and April.
Solution
Venwiz created a strategic roadmap to navigate the various challenges of the dock leveller project.
- Guide the vendor: We helped the vendor prepare estimates based on DSR Delhi schedule rates.
- Provide financing: We offered the vendor Venwiz ProFinance solutions to help them finance the project.
Impact
- Through Venwiz’s efforts, the client secured a vendor who met their technical, compliance, and commercial requirements, ultimately awarding the purchase order.
- The client was able to save Rs. 31 lakh from the original budgeted amount.
This case study is a testament to Venwiz’s commitment to excellence in Capex and MRO procurement.
We are proud to be partners with our clients and help them achieve their business goals.
Please visit our website to learn more about how Venwiz can help you succeed in your next Capex procurement project.
To know more, write to us at:contact@venwiz.com
