Econosto Malaysia

A new way of thinking has become prevalent during the past decade, which will bring about an enduring change in the actions of companies: strategic sourcing.

Companies realise that they must strengthen their competitive position when seeking continuity and profit maximisation. So companies are increasingly focusing on their core activities. They carefully define their field of activity and contract activities in which they cannot or do not wish to excel out of third parties. By profiting from the efficiency of their supplies (the so-called 'economics of scale'), they are able to realise a reduction in costs and improve their competitive position.

As technical suppliers, Econosto also has reflected on their core competencies and has decided that it should focus on the customer-specific supply of "flow and sealing technology" related products.

Econosto therefore makes an important contribution to the outsourcing of non-core activities by its customers, in particular in the field of inward logistics and procurement. Econosto has concluded key supply contracts in many forms amongst others with Shell, Air Products, SDM, Du Pont de Nemours, General Electric Plastics, Vopak and Hercules.

Every key-supply contract is tailor made to the requirement of the customer. Utilising our vast experiences with this concept, we have a list of modules applicable for every company.

Econosto has shared its vision of the future with customers and other suppliers of its customers in order to create common points of departure for a shared future.

As a first step we always suggest the "material master", which gives both the customer and Econosto a clear picture of the requirements on the item level. Using the outcomes of the material master we concentrate on specific modules.

Throughout this proposal we will specify the numerous modules applicable to an agreement with only one aim: To reduce the total cost of ownership.

At Econosto, our objective is to foster long-term relationships based on realistic prices and proven service.

We are the supplier you'd like us to be.

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