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Accelerate Product Journeys

With Value Innovation and Realization Approach

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Global Chip Shortages

Background and A Way Ahead

Know More

 

Digitalizing Operations

For Transformational Outcomes

  1. Home
  2. services
  3. sourcing & procurement

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.

What We Do

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Supplier Quality Management_90x90_color-01.pngSupplier Quality Management

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

Should Costing_90x90_color-02.pngShould Costing

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

Strategic Sourcing_90x90_color-03.pngStrategic Sourcing

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

Prototyping Support_90x90_color-04.pngPrototyping Support

  • Prototype Design & Analysis
  • Establishing Mfg Process
  • Selection of Prototype Technique
  • Development of specific Quality Assurance Plans
  • Testing & Validation of assemblies for concept & design
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Volume Production Support _90x90_color-05.pngVolume 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
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Success Stories

Should Cost Analysis for Global ATV and Motorcycle OEM
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Quality Management Audit for Automotive OEM – 30% drop in product defects
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Prototyping of Ignition Module and Air Vent Assembly for Truck
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  • Engineering the change
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      • Immersive Experiences
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      • 5G
    • Products
      • CAE & CFD
      • CAx Automation
      • Cloud Engineering
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      • Lab as a Service
      • Sustenance
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      • Testing & Validation
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      • Voice Innovations
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    • Manufacturing
      • Accelerated Operations
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      • PLM on Cloud
      • Sourcing & Procurement
    • Operations
      • CAPEX Project E/EPCM Services
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      • Sourcing & Procurement
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