Is your business expecting a high demand? Maybe you're launching a product or simply preparing for the holiday rush of Q4? Regardless of the reason, proper procurement planning (often called purchase planning) will determine whether you take advantage of the rush of demand, or if you sell out too quickly and miss the opportunity.
Good purchase planning is more than demand forecasting. You need short lead times, the best prices, and a shipping strategy that allows you to take advantage of the demand you expect to come. If you want an expert at your side that can make effective procurement planning possible, then you should partner with Kanary.
For new clients, Kanary takes 6-12 months of invoicing to analyze historical demand and typical pricing. Our experts will also review your correspondence with the supplier, and we'll use all of the data we gather to negotiate better pricing terms or to perform strategic material or component purchasing from secondary manufacturers to accelerate production as fast as possible.
After we review your supplier correspondence, and conclude you are working with the correct supplier to meet your needs, Kanary will take over factory management. Our team works with the supplier to optimize lead times based on a number of factors, to identify production methods that may provide better pricing, and to discover any other strategy that is mutually beneficial for your business and the factory.
Once we have invoicing data, and once we've created a streamlined plan with your suppliers, Kanary works with you to develop exceptionally accurate, long-term order forecasting predictions. Our team will consult with you on what to purchase and when to purchase it to make sure you are fully stocked for your busy shopping season.
When production planning and order forecasting are complete, it's time to start mass production. Kanary personally supervises the manufacturing of your products, ensuring that the purchase planning strategy is being followed by the supplier.
Kanary will also manage all aspects of quality control, from raw material procurement, to component manufacturing, all the way to assembly of the final product. Since we're on-site and in constant communication with the supplier, we can quickly react to production issues, and hold the supplier accountable to the quality control standards we previously dictated.
Kanary purchase planning fees are charged hourly, and our clients can choose what specific purchase planning services they need Kanary to perform. For example, your business may only need Kanary to organize and analyze past invoices to determine what to purchase next, while other businesses may need Kanary to use that data to create a long-term forecasting model, as well as to be told exactly when they should make their next purchase.
Tell Kanary what specific procurement or purchase planning services you need, and we'll take care of the rest.
