About
Expertise
Expertise
Supply Chain Strategy
Time has come to strategies the Supply Chain so that it's capable of driving your business to next level.
Strategic supply chain maximise the bottom line of any business - "THE PROFIT", it also enhances :
Competitiveness
Customer Value
Agility
Resilience
Sustainability
Responsiveness
TRICO may help in strategizing your supply chain both efficiently and effectively by :
CUSTOMER ALIGNMENT - TRICO helps business to align their supply chain along with the internal customers - this leads higher customer satisfaction (internal & external) as well as more profitability
BPRM : At TRICO, we believe - relationship is the key to any success. TRICO supports business to develop and maintain a dynamic as well as scientific relationship with the strategic business partners - we call it the Business Partners Relationship Management - BPRM.
REDESIGN : We are dedicated to assist business to redesign their supply chain operation, process and procedure. Post successful redesign, TRICO anchors in effective implementation too.
TRICO may help business in designing the performance measurement of their supply chain. We also help the supply chain function in attaining the desired performance level and strive towards continual improvement.
Sourcing Strategy
To meet the continuous rising expectation of the organisation, procurement function needs to
-
Innovate
Reinvent
Transform
-
-
An elegant look - Centripetally Aligned with Internal Customers.
TRICO's four-dimensional approach towards procurement excellence enhances the winning strategies to various organisations
Benchmarking Procuremnt : TRICO assess the performance of your procurement function and there after set the expectation since we believe improvement can only take place post measurement.
Opportunity Discovery : TRICO is specialized in discovering various opportunities of improvements in your business thru rigorous spend analysis, dynamic category management and change in business perception.
Category Planning : TRICO drives the category management exercise meticulously up to a granular level to the extent possible - multiple sub categories are defined to cater various dimension keeping in mind - One Size Doesn't Fit All
2P Techniques : TRICO identifies the Pragmatic as well as the Perfect tools and techniques in Sourcing strategy instead of HUGE Technological Investments just to catalyze your sourcing process.
Procurement Process Redesign
-
Achieve Robust Compliance, Highest Value & Better Control.
Enhance the perfect balance between Desired Flexibility and Targeted Standardization.
Optimal process design Minimizes Cost of Procurement.
To inculcate Efficiency and Effectiveness in Procurement Process to minimize the procurement cost of various goods and services.
We typically follow a well established approach to address the Procurement Process Redesign for our clients.
BREAK IT FIRST, The Assessment - At TRICO, we don't Fix it, till it's broken into pieces and there after we assess the opportunities of improvements in the existing process and procedures.
PROCESS REDESIGN - Post assessment and indentifying opportunities, our experts develop a "would-be" process mitigating the 3M (Man-Machine-Material). Doing so, we do priorities our clients inputs too since they know the business much better.
PROCESS IMPLEMENTATION - We believe in doing things 1st time right and we hit the ground with proper Communication at appropriate levels on the Change Management since neither we nor our client can afford failure of a best design process.
CONTINUAL IMPROVEMENT - We work with our client to assign process ownership at both macro and micro levels and build KPIs to review, govern and fine tune the implemented process on a continual basis in a regular interval.
Change Management
Current State
Assesment
1
STAGE
Identifying
Improvements
2
STAGE
Target
Setting
3
STAGE
Effective
Deployment
4
STAGE
Training & Communication
5
STAGE
Tail Spend Management
At TRICO, we typically follow a four-pronged approach towards procurement process design.
Spend Analysis
Accumulating and classification of data from a variety of source and categorization enabling opportunity identification.
Filtering
Recalssify the tail at each category/sub category level and identify appropriate strategies to tackale the spend.
BV Sourcing
Identify opportunities that includes bringing the "Big Value - Big Volume" tail spend into the purview of existing contract.
Spot Buying
We keep on extracting and adding value along with cost saving.
Maverick Buying
Reducing, if possible eleminating, maverick buying at source. We hit the ground running from day one.
Supply Chain Risk Management
Supply chain risk, as well as business risk in general, arrises in various shapes and forms. At TRICO, we follow a four step process to develop a robust risk management strategy for our client.
TRICO ensures that you are always a step ahead in Risk Identification both
- -Timely
- -Accurately
With TRICO, each risk type is prioritized based on "Event Likelihood" and "Business Impact"
- -Short term risks are "URGENT"
- -Long term risks are "STRATEGIC"
We collaborate with our clients to mitigate each of these risk well ahead of time. TRICO provides specific recommendations on risk mitigation through predictive modeling, to name a few :
We hand hold our clients in responding towards Risk Mitigation.
- -Timely
- -Accurately
We help them to monitor and track the progress of risk mitigation initiatives too
Performance Governance
Performance can be achived once, however to maintain it governance is must.
Capability Building
We actively share learnings among our clients and, in turn, receive the same from them. This enables an enviornment which leads to out of box thinking and help us in building capability for our clients and we too.
SLA & KPI Management
TRICO helps in defining both SLA and KPI's for the suppliers as well as for the procurement function employees with an open feedback machanism that promotes performance.
Compliance Management
TRICO's inovative as well as regourous approach helps client not only to track and maintain compliance but to spot the non-compliance towards improvement.
Manufacturing
To maintain and grow the market share companies require to deliver products at :
Competitive Price
More Customization
Better Quality
Higher Productivity
Newer Features
Lean Supply Chains
TRICO provides the following services for the manufacturing organizations, all of which lead to sustainable savings.
- -Yield Improvement
- -Procurement Benchmarking
- -Category Management
- -Best Practice Repository
- -Strategic Sourcing
- -Opportunity Identification
- -Change Management
- -Predictive Hedging
- -VA/VE
- -BPRM
- -JIT
- -SLA/KPI
- -Make Or Buy
- -Localisation
- -Spend Analysis
- -Risk Management
FMCG
Broadly the FMCG companies can be classified in :
Apparel, Footwear & Accessories
Food & Beverage
Personal & Household goods
FMCG Companies require to react, respond, and innovate at a much faster pace to maintain & grow their business
Factors impacting the FMCG Companies :
- -Rising commodity cost.
- -Constantly shifting consumer preferences.
- -The rise of technology and new digital age
- -An increasingly stringent regulatory environment
The major spend areas in these FMCG companies are :
Raw Materials - The Ingredients
Marketing - The promotion
Logistics - The reach
TRICO helps the FMCG clients in reducing their wasteful spend and realize savings by :
BPRM - Facilitating closer working relationship between clients and their business partners.
Finding innovative & creative ways to keep costs down.
Travel & Hospitality
Post the rise of technology and new digital age various options including their prices, discounts and reviews of product and services are now available over internet and thus it is becoming day by day difficult for the Travel and Hospitality sectors to satisfy and retain their customers.
The Travel and Hospitality sector is facing challenge in delivering the brand experience majorly due to
Rising labour
cost
Volatile demand
Rising commodity cost
TRICO may help in rapidly reducing the operating cost in various categories along with bringing higher efficiency levels and prediction accuracy, with the help of :
Opportunity Discovery
Finding innovative & creative ways to keep costs down.
Benchmarking Procurement
TRICO assess the performance of your procurement function and there after set the expectation since we believe improvement can only take place post measurement.
Change Management
Current State
Assesment
1
STAGE
Identifying
Improvements
2
STAGE
Target
Setting
3
STAGE
Effective
Deployment
4
STAGE
Training & Communication
5
STAGE
SLA/KPI Management
TRICO helps in defining both SLA and KPI's for the suppliers as well as for the procurement function employees with an open feedback machanism that promotes performance.
Make/Buy Strategy
TRICO helps organization to take a judicial as well as pragmatic decision on the make-or-buy strategy. We consider all the qualitative aspects of business into the quantitative assessment to arrive at a robust strategy.
BPRM
At TRICO, we believe - relationship is the key to any success. TRICO supports business to develop and maintain a dynamic as well as scientific relationship with the strategic business partners - we call it the Business Partners Relationship Management - BPRM.
Pharmaceuticals
The SWOT
A sophisticated procurement approach allows hospitals & pharmaceutical sector to lower costs while improving quality and maintaining or even increasing staff satisfaction.
Post reviewing the yearly spend data, patterns and prices in following categories TRICO helps hospital clients to establish a more structured sourcing process
Recurring Spend - The OPEX
- -Surgical packs
- -Cardiovascular implants
- -Orthopedic implants
- -Disposable Gauge & Gloves
- -Aprons & Beddings
- -Needles, syringes
- -Facility Management
- -Office Supplies
- -Computer Software & Hardware
One Time Spend - The CAPEX
- -Patient bed
- -OT table
- -X-Ray and other equipments
- -Civil
- -Electrical
- -Plumbing
- -Mechanical (HVAC, Elevators)
Energy & Utility
In recent past, worldwide the energy & utilities sector has started witnessing changes.
Ideally from conventional sources (Coal, Oil, Gas) of energy the industry is shifting towards renewable sources (Solar, Wind, Nuclear and Hydro) keeping in mind :
- -Reliable and continual supply
- -Affordable, both for households and industry
- -Clean, Bio Friendly and Emission Control
TRICO is committed to implement the required strategic sourcing services for the Power Generation, Transmission & Distribution sector to optimize cost in all the 3 major cost drivers.
Material
Equipment
Service
During last 8-10 years, the utility spend in corporate services has been doubled, it has gone up by 10% per year due to revision in min wages mainly to outpace inflation.
TRICO can help in implementing sourcing and contracting strategies, focusing on the indirect spend, to achieve the highest value at the lowest cost. We are commited to bend the trend by lowering future cost escalations too.
Banking & Insurance
Like other sectors the financial service providers too are targeting to higher their service levels by keeping their cost down accelerating the ROI
Economic turmoil, increase in customer demands, and stringent regulatory environment are constant challenges to the banking and financial services industry.
The procurement operations of these banks and financial institutions are highly fragmented across geographies basis the requirements.
In this turmoil situation TRICO is dedicated to discover opportunities to deliver impressive savings year after year and raise your game.
Opportunity Discovery thru Spend Analysis
Finding innovative & creative ways to keep costs down. We identify, access your wasteful spend and formulate strategies so that it's minimize to the extent possible. If possible we prefer to eliminate it at source.
Sourcing Strategy
Our sourcing strategy and BPRM help client to streamline process, enhance customer satisfaction while reducing cost.
Government & Education
Government, NGO's and Education Institutions are under tremendous pressure due to year on year shrinking budget and comparatively much higher expectations in service levels than the past.
Government
Lack of consistent, professional, centralized oversight and governance in the existing procurement function at National, State & Municipal Governments.
Education
Procurement is dealt in such a fashion that it's just something that someone, somewhere in the organization can just 'takes care of'. This even promote the unwanted maverick spend.
Non Profit
The NGO's are feeling immense pressure to become more cost efficient since the funding from government and private sources continues to decline. knowledge about costs is still less robust and is presumed that savings in services, running programs, and operating cost may lead to compromise the heart of their missions.
Procurement in this sector is largely ad hoc, self-service and distributed among various department throughout the geography.
TRICO may help in developing tailor made customized solutions to achieve significant as well as sustainable savings in both time and money without impacting the service level or the headcount.
Apart from delivering significant and tangible savings through spend analysis TRICO also ensures operational excellence by improving efficiency and process automation.
Saptarshi Mukherjee
An Opportunity Discoverer in the field of Spend Analysis, Saptarshi - "Sap" leads the consulting practice and manages TRICO's strategic and operational functions. With over 19 Years of experience in Strategic Sourcing and Supply Chain in both Manufacturing and Service Industries, Sap is a savings lover and a strong believer of "$1 Saved is even higher than $10 Earned".
Prior to joining TRICO, he has led the Eastern Region Supply Chain Management team at TATA Teleservices Ltd as a DGM, There his focus was to shape and drive various innovative business strategies in sourcing and supply chain domain.
Sap has held various management positions at Indus Towers Ltd, TATA Motors and Maruti Udyog Ltd. At Maruti Udyog, being a category manager of Precious Group Metals (Pt-Pd-Rh), he was responsible for crafting and executing various hedging strategies towards cost optimization.
An Opportunity Discoverer in the field of Spend Analysis, Saptarshi - "Sap" leads the consulting practice and manages TRICO's strategic and operational functions. With over 19 Years of experience in Strategic Sourcing and Supply Chain in both Manufacturing and Service Industries, Sap is a savings lover and a strong believer of "$1 Saved is even higher than $10 Earned".
Prior to joining TRICO, he has led the Eastern Region Supply Chain Management team at TATA Teleservices Ltd as a DGM, There his focus was to shape and drive various innovative business strategies in sourcing and supply chain domain.
Sap has held various management positions at Indus Towers Ltd, TATA Motors and Maruti Udyog Ltd. At Maruti Udyog, being a category manager of Precious Group Metals (Pt-Pd-Rh), he was responsible for crafting and executing various hedging strategies towards cost optimization.
Debasish Majumdar
Debasish has more than 25 years of experience in Spend and Procurement Analytics at blue chip companies like Webel, Siemens, NSN and Aircel.
He has graduated from Calcutta University and achieved various certifications from prestigious organization, XLRI Jamshedpur and IIT Delhi, to name a few.
Debasish has more than 25 years of experience in Spend and Procurement Analytics at blue chip companies like Webel, Siemens, NSN and Aircel.
He has graduated from Calcutta University and achieved various certifications from prestigious organization, XLRI Jamshedpur and IIT Delhi, to name a few.
Partha Mukhopadhyay
An expert in strategic sourcing with over two decades of experience starting from conceptualizing till implementation in Vendor Management, Production Planning, Warehousing, Logistics and Spend Analysis.
Partha has in depth knowledge in System and Process Implementation in SAP environment at blue chip companies like Siemens, NSN and Aircel.
He is well recognized for his contribution in enhancing operational efficiency by optimizing resource utilization and achieving cost reduction.
An expert in strategic sourcing with over two decades of experience starting from conceptualizing till implementation in Vendor Management, Production Planning, Warehousing, Logistics and Spend Analysis.
Partha has in depth knowledge in System and Process Implementation in SAP environment at blue chip companies like Siemens, NSN and Aircel.
He is well recognized for his contribution in enhancing operational efficiency by optimizing resource utilization and achieving cost reduction.
Sectors
Uniqueness
Uniqueness
Opportunity Discovered
+
Combined Expertise
yrs+
Typical Cost Savings
35%
Contact Us
Contact Us
Location
Kolkata, India
info@consult-trico.com
Contact
+91 98746-12223