Director
CurrentThe aim of the Sourcing Element to the LTS Projects business is to provide savings to clients via its established risk managed supply chains in Asia and Eastern Europe. One of the packages available to clients is a "No Saving" - "No Payment" option whereby payment is based purely on results and a percentage of savings is agreed on the establishment of the acceptance of sample approved components. All components are sourced from comprehensively audited suppliers in Asia, UK and Eastern Europe.We now serve clients predominantly in the UK, Switzerland and Czech Republic.The business has undertaken numerous strategic purchasing transfers to low cost sources, saving an average 35% for clients, whilst ensuring quality standards are maintained as a minimum, and improved as an aim.We also provide a service for the supply of machine tool workholding systems, tooling and accessories from UK suppliers to end users across Europe, providing savings against mainland European suppliers of identical product.LTS Projects has grown turnover by an average of 25% year on yearWe are currently undertaking a major supply chain improvement program for a European client covering both internal and external production of components, incorporating improvements to capacity planning in-house, the introduction of frame agreements and in-line buffer stocking policies at key strategic suppliers. This has resulted in reductions in production backlog, both internally and externally, a reduction in part shortages and a reduction in stock level values due to the buffer stock arrangements for parts that are not paid for until close to point of use.LTS Projects clients take advantage of risk managed logistics supply chains providing high quality component types, including, turned and milled components to high tolerances, plastics, mouldings and castings, sheet steel, fabrications and value added sub assemblies and clean room assemblies.