SARANTIS GROUP like salaries, inflation, energy and commodity components, ensuring fairness and visibility both ways.” By tying prices to objective market indices, Sarantis Group has built collaborative relationships with strategic suppliers that can weather volatility more effectively. Agility comes through frequent reviews.“ Price lists are reviewed quarterly, semiannually or annually, depending on the case, so as to track fluctuations and hedge when opportunity arises,” Dimitris explains. He also says that scale provides leverage:“ We use cost modelling to anticipate trends and consolidate suppliers where possible, adjusting the minimum order quantities to leverage economies of scale.
“ Different tools that at the end of the day help to maintain our competitiveness whilst mitigating inflationary pressure.”
A holistic approach to supplier management Underpinning these initiatives is a comprehensive framework for supplier management. Sarantis Group is building what Dimitris describes as a“ full-cycle approach from supplier pre-qualification to ongoing evaluation”.
Managing suppliers across five distinct functions requires careful orchestration.“ The priority is to establish a common modus operandi across the third-party functions,” Dimitris explains.
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