Rate Discovery Process Revamped

A company, manufacturing speciality steel (turnover INR 2000 Crores) awards major contracts without internal cost estimate (ICE) based on quotes.

Our process revealed major lapses in quotation process-

  • Metal recovery contract revised with rate reduction of Rs.5000 per MT resulting into recurring annual savings of Rs.2.30 Crores based on ICE worked out by us.
  • Several contracts revised on this basis through system based reverse E-Auction.
  • Process enhanced to incorporate ICE for major contracts before award

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