Tap into innovation. Low-volume programs are the ideal programs to leverage new technologies, processes, and suppliers.
Companies who transition their buy to the US should follow a strategic, repeatable approach to generate the best results when sourcing domestically.
Metal fabrication is an art. Understanding a potential metal fabrication supply partner’s capabilities, experience, quality, and costs will put you and your company in the best position to win for the long term.
If procurement professionals can communicate their message for change effectively, create a sense of urgency, and motivate team members to collaborate, then they will successfully lead the implementation of change for their team, department, or entire organization.
Understanding a potential machining supply partner’s capabilities, experience, quality, and costs will put you and your company in the best position to win in the long term.
Teach your team to develop suppliers by analyzing the total cost of ownership, identifying and maintaining supplier performance metrics, and developing strategic partnerships through transparent communication.
When leveraged as part of a supplier development program, supply base optimization can dramatically speed up the implementation and improve the performance of lean supply chain initiatives.
As OEMs and suppliers move forward into a volatile trade climate and are faced with the possibility of needing to onshore operations, procurement teams need to be adaptable and responsive to potential policy changes and how they impact sourcing the supply chain.
Working with supply partners to identify cost savings helps improve their cost structures, develop and maintain strong supply partner relationships, and subsequently, increase end customer supply chain value.
We recently sat down with Steve Polakowski, President at ESG Automotive, Inc., a leading global electronic and electrical system engineering services firm, to aid our efforts in assembling a list of top tips that every supply chain leader should know when sourcing electronic and electrical systems.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.