Suppliers play a vital role in new product commercialization, which makes supplier identification and qualification sourcing strategies vital to supply base building and to the long-term success of any procurement team.
Use these six tips when sourcing small suppliers to strengthen relationships, reduce supply chain risk, and maximize your program’s success.
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.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.