Yurvitech can very judiciously manage capital budgets and thereby provide immense value to Client capital expenditure by

»   Providing incisive feedback to clients about current market conditions related to material / equipment pricing, supplier credibility, supplier shop loading etc. resulting in development of the most appropriate approved suppliers list for the project.
   
»   Grouping the total procurement effort into right number of POs and Contracts.
   
»   Close monitoring of engineering schedule to ensure all purchase orders and contracts are issued per project schedule.
   
»   Objective evaluation of quotations, conditioning of bids and verification to budgeted value prior to project approval.
   
»   A very careful tracking of changes (both from engineering and supplier) during execution.
   
»   Pro-active and fair approach to evaluation of back-charges.
   
»   Use of experienced and mature expediting personnel who are able to –
   
 
Ø   Determine supplier sub-orders that are critical and require action.
   
Ø   Physically verify material / production status and review with respect to manufacturing schedule.
   
Ø   Foresee likely challenges during execution and work with supplier to prepare a recovery plan.
   
Ø   Verify shipping arrangements.

   
»   A need-based inspection based on an overall severity of the equipment that is calculated based on a multitude of factors comprising of type of equipment, service conditions, capability of supplier etc.