Companies who understand how their cost, time, and risk are balanced today and how they need to be to successfully serve their markets are poised to crush their competitors.
Follow these 8 tips to create an effective bill of materials to improve your team’s communication and collaboration, and ensure the reliability of its data.
Preparing your bill of materials the right way will set your team and next product launch up for success. Use these six steps to prepare the BOM for your next product.
Focus on these four areas when preparing for supplier negotiations and maximize your organization’s opportunity to generate the most procurement value.
By taking the time to thoroughly evaluate your program needs, many of the sourcing hurdles low-volume OEMs face can be mitigated.
70 percent of manufacturers indicated that cost was the greatest challenge keeping them from mapping their sub-tier supply base. Use these five steps to break through the barrier.
The biggest cost reduction rewards will go to supply chain leaders who move beyond industry certification requirements and partner with their sub-tier suppliers to develop and improve their operations.
Supplier interactions contain valuable insights into a supplier’s performance, customer service, pricing, and negotiation tendencies, so tracking each interaction will lead to major sourcing advantages.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.