| | November 20204EditorialStrategic sourcing is an essential part of all businesses, regardless of the industry. Strategic sourcing includes the analysis of what an organization buys, from whom, at what price, and at what volume. Strategic sourcing involves various activities which includes identifying the companies external spend, conducting Request for Proposal (RFP)/Request for Quotation (RFQ) process, and negotiating prices with suppliers and setting up contracts. Strategic sourcing is all about finding the balance between the quality of goods and services, and its price. The strategic sourcing service providers have expertise in various sourcing activities and offer procurement as a service market to the enterprises for streamlining their sourcing operations.Increasing global competition and rising consumer demand to drive companies to differentiate themselves from their competitors. Manufacturing companies must deliver higher quality at lower prices, newer features, and shorter production times while maintaining market presence and managing costs effectively. As a result, manufacturing companies are progressively adopting procurement outsourcing and technology driven solutions that enable them to streamline their manufacturing processes and achieve significant cost savings. This, in turn, enables them to focus on their competence areas, such as manufacturing skills, production, and on-time delivery. Procurement as a service in the manufacturing industry takes care of processes, such as spend analysis, sourcing and category management, supplier management, Procure-to-Pay (P2P) and Source-to-Pay (S2P) process management (while ensuring execution compliance), and planning and managing the supply chain costs.This edition we have sourced those vendors who have helped enterprises reduce their costs and increase their RoIs manifold. These vendors have put together a myriad of solutions and services that fit individual business requirements and capacities. Take a look, andDo let us know what you think.Emmanuel Christi DasManaging Editoreditor@cioreviewindia.comBusinesses Now have More than One Way to Increase RoIVOL 8 · ISSUE 12 - 4 · NOVEMBER 18, 2020 PublisherOffice Editorial queries editor@cioreviewindia.com To subscribeVisit www.cioreviewindia.com/magazine/or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issueAshok KumarVirupakshi PattarAlok ChaturvediGroup Art DirectorVP - Sales & MarketingMagendran PerumalCirculation ManagerEditorial TeamCIOReviewIndia No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017Dennis BennitoS SivasankarManaging EditorEmmanuel Christi DasVisualizersAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103Sales & MarketingAmrit SinghIndranil ChakrabortyRavi Kalgi Rohit RaghubanshiNagendra KumarPrinted and published by Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Copyright © 2020 Bizprint Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Janifha EvangelineAnitha TSuchita GonsalvesSamrat PradhanRajan SarmaNoidaTel 120 4639300
< Page 3 | Page 5 >