Case 11
Econ Industry
Strategic Procurement Initiatives
Econ Industry (EI) is a leading parts and accessories manufacturing company supplying to the automobile majors in India. Econ produces parts made out of engineering plastics. The company's strength is its R&D wherein they spend a large part of their revenue for developing plastic parts. They procure raw materials, that is, chemicals for formulation for metal substitutes. Econ is purchasing raw plastics in the form of nodules and with the right process they mould the parts as per the requirements of the customers (OEMs).
Econ is facing a lot of competition from small-scale industries. However, because of its high-quality products and delivery performance, it is a preferred supplier to all ...
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