| Business Challenge |
Our client discovered the need to reduce costs due to stiff competition. They were however faced with resource and time constraints within which they had to achieve their cost targets. They also needed to develop a LCC as an alternative supply source. |
| CGN Approach |
Utilizing data analysis and reporting techniques to collect, analyze, and present management information to ensure fast track sourcing, CGN focused on obtaining solutions through: |
- High velocity response
- In-house supplier databases for different commodities
- Highly experienced professionals on the CGN team
- Diversified expertise from across industries
- Close follow-up with customers & suppliers
- Concurrent engineering for development
- Merging preliminary & sourcing activities
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| Customer Benefit |
| CGN was able to benefit the client by achieving: |
- 33% potential cost savings amounting to US $5.2 M on 15 parts for engines
- Increased throughput and financial benefit through faster execution
- RFQ's in place by week no. 8
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