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.
Play the long game and focus on building strong supply partner relationships that’ll generate the most long-term value.
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.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.