Case Studies

Enhancing Syringe Supply Chain Efficiency Through Strategic Sourcing

November 09, 2023•by YCP Supply Chain

Client

The largest multi-specialty tertiary care provider in North and East regions of India, including the supply of syringes

Scope

The client’s main objectives were to address:

  • The limited incumbent and supplier bases

  • Increased lead times

  • Lack of existing agreements in place with suppliers

Approach

  • Data analysis of the previous year’s invoices and volume consolidation

Identified new vendors using the following:

  • Pre-defined customer qualification criteria

  • NDA Sign-off

  • Comprehensive RFI process with vendor scoring and evaluation

Further evaluation of potential suppliers

  • Responses to RFI

  • Customized needle-size samples

  • Developed auction strategy and provided support on bid day

Results

  • Achieved 10% cost reduction

  • Reduced costs among incumbent suppliers by 4%, mitigating switching costs

  • Onboarded three new, well-qualified suppliers

  • Secured one-year contracts with suppliers