In business, there are critical assets and then there are non-critical assets. Critical assets are those that, if not available when needed, can cause a company to fail. Non-critical assets are important, but the company can still survive without them. Vendor management and tender management are two of the most important aspects of procurement for critical assets.

In this blog post, we will discuss how these services, partnered with and empowered by www.criticalstockd.wpengine.com will help you save MEGA dollars in your business!

Vendor Management & Tender Management is the process of assessing, selecting, and managing vendors who provide critical assets to your company. The goal of vendor management is to ensure that you are getting the best possible price for the asset, while also ensuring that the vendor is able to deliver the asset when needed. Vendor management can be a complex and time-consuming process, but it is essential for businesses that rely on critical assets. 

High risk supply chains are those that involve the procurement of critical assets with supply chains as risk due to natural disaster, war, political environments or simply your items are bespoke and specialised. 

But how do you know if you are getting a good deal, or if your items are bespoke and highly specialised? The answer is, use www.criticalstockd.wpengine.com and you will know what the supply and demand trends are for the items most important to you. 

You gain visibility of how many are in the country, how far away they are, what the average price point could be, plus full 12 month historian data to show market trends to give you all the confidence you could want to make the most informed decisions available. 

Furthermore, the real $ kickers are here:

1. Knowing where your important spares are – you no longer need to procure ahead of time, just in case it fails. Boom! Money back in your pocket. 

2. You can on sell your spares, or redundant assets. Boom! Money back in your pocket.

3. You don’t need to design in multiple redundancies as you now have just in time assets available. You guessed it, Boom! Money back in your pocket.

4. If its urgent and you need it ASAP – use our industry portal to access aviation professionals to deliver the item to you with the urgency you need….once again BOOM! Money back in your pocket.

The list goes one when you give it some thought on how you will use www.criticalstockd.wpengine.com for you business. 

With these services available to you, you save thousands, if not millions in offsetting redundancy in design, just in time procurement, recycle market capability, optimised inventory and optimised risk profiles. Contact us today to find out more about how we can help you save money on your critical assets!