Latentech: Leverages Latest Manufacturing Technologies

CIO Vendor The growth of digital technologies and its positive effects on procurement has long been predicted as a trend in the procurement industry. In the coming years, the procurement function will continue to deliver on traditional cost savings while focusing heavily on digital technologies and supplier synergies. Latentech offers engineering and procurement service to customers in the energy and industrial sectors to minimize product development costs, reduce lead times, expand capacity, and optimize engineering resources availability.

The foundation of having a well laid out process for every procurement and engineering service-based project that is being executed helps the company produce desired quality service. Latentech was built and is driven by individuals who have more than a decade of experience working and understanding the value of a process-driven and consistent work culture and contributing to high-quality production. The organization provides one-stop solutions, beginning from engineering to procurement, and believes in long-term relationships with customers and suppliers, building trust.

As both the engineering and procurement sectors of Latentech work hand in hand, the distance between these two business models is bridged, while value-added service is being offered to customers. The organization primarily focuses on industrial sectors, energy, and renewable energy sectors such as Biomass & Geothermal power plants. "We strongly believe that 'everything starts with people and ends with people,' says Anand A, Head of Sales, Latentech.

Offers Evidence-Based and Proven Outcomes
Latentech offers procurement services such as sourcing, procurement
management, and integrated inspection services. The organization does not only supply the customer's requirements but aims to travel an additional mile to offer value-added service. This is achieved by initially absorbing, describing, and assessing the customer's expectations in the best possible manner. This also helps Latentech provide consumers with a better alternative source/option and evidence-based and proven outcomes.

For procurement services, the organization significantly advanced the design and supply of equipment for the world's first bamboo biomass power project in Japan. In engineering services, Latentech delivered the value proposition for projects like a 3D model generation from Drone data for the European UAV customers. Both in engineering and procurement services, Latentech is researching in-depth and evaluating customer specifications/requirements in terms of CAPEX, OPEX, maintenance, erection commissioning & logistics perspective, and purpose of the solution.

Delivers Latest Manufacturing Technology
The organization recognizes that everything/anything can be accomplished only with the support of the right people in the right job. Furthermore, the management of Latentech often assures, embraces, and inculcates teamwork as the company's core culture. "Our mission is to be the best partner for engineering and procurement solutions by leveraging the latest manufacturing technology delivered by best-in-class people." says Anand A, Head of Sales, Latentech. Latentech sees a progressive development market. To be precise, East Asian countries are showing greater interest in obtaining from India as the country's infrastructure and policies are turning out to be favourable for trade, despite the effect of the recent pandemic.

Upcoming Expansions and Developments
Latentech is developing in the renewable energy market. The organization has reservations about CO2 emissions worldwide and is also looking to establish a sustainable energy paradigm that will help future generations. Latentech is now at the planning stage of the development of the procurement services platform.