Organization: Developer and manufacturer of flavors and fragrances
Looking to Source: Flavours and ingredients
Results:
* Annual cost savings of more than $248,000.
* Rapid procurement of multiple sourcing options.
* Variety of pricing options from a select group of qualified suppliers.
The Objective
During the past seven years, our client has developed into one of the leading flavor houses in Asia. With its own flavor development laboratory and factory located with its home office, the company is has an impressive portfolio of clients that seek its flavors and fragrances. Searching for a way to save on the cost of the ingredients for a variety of its products, the company reached out to Mawson Global in an effort to reduce its expenses on raw materials, as well as identify a reliable global sourcing partner.
The Approach
Mawson Global’s reputation as a leader in globally sourcing materials led the client to engage us to identify reliable global sources for its flavours and other ingredients.
The client has been expanding its business into Asian markets, so our China-based staff was able to strengthen these ties by identifying a variety of suppliers that meet the client’s product specifications and price point.
Using our proven rating system to identify the top suppliers, we were able to present the client with five different supplier options in China via our informative, easy-to-read Sourcing Report.
The Benefits
Significant Budget Benefits
Bottom line results: Because of Mawson Global’s global sourcing expertise, the client partnered with a vendor that will provide an annual cost savings of more than $248,000.
Perpetual bonus: Mawson Global operates on a fee-for-service model, which means there are no hidden costs or fees. It also means that the client pays for the service once, but will enjoy the benefits for years to come.
Flexible Alternatives
Multiple sourcing options: Mawson Global identified five reliable suppliers that matched the client’s requirements.
Growth potential: Because of Mawson Global’s efforts, the client now has the ability to quote more jobs and grow its business.
Future options: Because Mawson Global conducts a comprehensive search for sourcing partners, the client not only has acquired a provider for its current needs, it also has direct access to suppliers for future sourcing requirements.
An experienced team: One of the benefits of working with is that we maintain a staff in Asia. These team members have been with the company and average of six years, and during that time, they have sourced everything from colored glass to bubble wrap. They’ve also maintained a high rate of success thanks to a streamlined process for selecting trustworthy, reliable suppliers.
