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Services > 3rd Party Purchase (3PP)

Third Party Purchase combines the benefits of Vendor Rationalization & Vendor Managed inventory. The objective of 3PP is to reduce supplies from a large number of vendors to a single vendor, reduce inventory at the plant by introducing JIT concept, shift stores out of the plant to free space for production, introduce single vendor payment and reduce the workload on the accounts team, vendor development by 3PL, elimination of production hold ups, control on stock variance and reduce administrative activities.

MRC manages the parts procurement for some of its clients like Crompton Greaves Ltd., Nashik plant. Parts are procured and stored by MRC and further, invoiced and given to the client as per requirement, thereby creating a ‘JIT’ environment.

MRC also provides Third Party Purchase services to Crompton Greaves – Bhopal, Sterlite – Aurangabad and Ashok Leyland - Chennai.