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