Total Cost of Ownership will give you better overall cost in the long-run and will ensure the proper development of qualified supply partners.
Keep these five considerations in mind when choosing an electronics contract manufacturer for your next project.
Implement these four sourcing strategies to ensure your organization is prepared to weather potential trade storms, empowering it to sustain long-term profitability.
While Off-the-Shelf and COTS are commonly used terms, they’re both words that refer to a commonly misunderstood concept.
Perform a spend analysis to identify cost reduction opportunities and ensure maximum resource efficiency at the lowest possible cost.
By working with designers and engineers during the design phase, procurement teams help answer design and materials questions that commonly solve problems long before they happen, ultimately improving timeline efficiency and costs.
Implementing and executing a well-designed supplier development program will improve supplier communication, quality, and timing and lead to better all-around supplier relationships.
From our experience in automotive manufacturing, we’ve found that there are four relationship-based segments which support the creation of a more effective purchasing strategy.
Many factors should be considered when sourcing tooling, but three simple actions will go a long way toward finding the most cost-effective solution for your organization.
Large OEMs are investing serious capital in carbon fiber production technology, and as a result, the carbon fiber market is growing quicker than ever in the aerospace, sporting goods, and medical industries.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.