ASIA spotlight on the supply chain has been a boon for Cushman & Wakefield .
Product versus service While it is easy to define the factors that drive the cost of a product such as materials used , components , overheads , labour , and transportation , analysing the cost of a service is more complex as it involves a deeper understanding of the supplier ’ s process . This can however be achieved by :
• Mapping the supplier process through a detailed breakdown of the system
• Allocating costs to each activity with a combination of information from job boards and indicators of labour prices
• Considering the overheads gleaned from annual reports .
While it ’ s true that the information gathered is not fool-proof , it is a handy estimate of productivity .
“ We work with suppliers as business partners , invest time in innovation and technology adoption of new ideas , and all of that enhances supply chain management as a business ,” Singh says . “ This cost becomes a business liver for an organisation , and when that cost gets placed where it ’ s supposed to be , your business can move onto the next level .”
The future 2017 is shaping up to be a great year for Cushman & Wakefield , according to Singh . He is expecting big changes in the procurement delivery process and perspective , and to create new market strategies for target industries .
In terms of technology , the company ’ s most recent innovation , which is now ready to create huge value in the business , is the managed marketplace named MarketC & W : a one-stop solution platform for Cushman & Wakefield ’ s clients and customers .
“ We have built an extensive catalogue with over 100,000 products across 100 product
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