Strategic Sourcing Process

At LTTS, our focus is on transforming your procurement operations into a source of value, innovation and differentiation. Our combined understanding of business, products, manufacturing, technology and service support make us the ideal partner to your strategic sourcing process – from identifying the right suppliers and striking the right bargain to establishing processes for prototyping and volume production.

LTTS Sourcing and Value Management (SVM) Services

What We Do

Supplier Quality Management

Supplier Identification & Assessment
APQP Support
PPAP Support
On-Going Supplier Quality Monitoring
In-house Quality Assurance
Supplier Audit
RFQ Management & Negotiations

Should Costing

Benchmarking Reports
Raw Material Analysis
Cost Study & Engineering Analysis on different product designs
Should-Cost Models
Manufacturing Process Study
Negotiations Support

Strategic Sourcing

Spend Analysis(PPV)
Sourcing Strategies: Planning & Implementation
Best Cost Country Sourcing

Prototyping Support

Prototype Design & Analysis
Establishing Mfg Process
Selection of Prototype Technique
Development of specific Quality Assurance Plans
Testing & Validation of assemblies for concept & design

Volume Production Support

Incorporate learning from development stage
Identify materials for volume manufacturing
Identify tooling for volume production
Finalize commercials with identified suppliers
Develop tooling
Manufacturing Pilot Support
Validate quality and performance of pilot lot

What Stands Us Apart

50 specialized sourcing engineers who have enabled average savings of 30% for global customers
Executed 100+ System Level Should Costing programs involving 25000+ components of various commodities
Deep understanding of costing, workforce and manufacturing systems across multiple geographies to build accurate should-cost models
Knowledge & focus on PPAP and Quality tools for Supplier Quality Management
Ecosystem of approved suppliers for prototyping in multiple commodities including plastics, aluminum, metal and ferrous
Practical knowledge of various technologies to develop robust manufacturing processes that can facilitate efficiency, quality and consistency