Diversification of your Supply Chain is the process of removing as much risk as possible. Yes, cost has its place but if you cannot get product to keep your production line moving than the pennies you saved are now costing you dollars. Lots of dollars. Oh, and your boss is really ticked off as well. Not to mention your customers too!
On the outside both Strategic Sourcing and Engineering have a common goal: Partner with the best supplier possible. Now defining “best” will have different meanings for the different teams.
Same Goal, Different Meaning
Strategic Sourcing is focused upon factors such as:
- Competitive Cost
- Supply Chain Efficiencies
- Supplier Management Processes
If you manufacture in China and want to fail faster than the next boutique cupcake shop in your hometown, follow these quick three tips!
Sand Casting is the process of forming steel products with a mold made of sand, or silica based products than can packed into a tight mold to create a smooth surface. Molten metal is poured into mold which sets up fairly quickly. Engine Blocks, Manifolds, and literally hundreds of metal products are still manufactured this way to.
Let’s be honest. With a show of hands, when we say “Strategic Sourcing” how many of you think, “It’s really just about buying at the cheapest price?”
While Engineers, Program and Brand Managers get much of the credit for successful New Product Development and Commercialization of new product launches, the unsung hero is often the team who...
It is not uncommon to find out that your prototypes and initial limited production runs are not exactly the same as each other. It could be slight variations in specs, color, dimensional tolerances, improper fit or even performance issues with function.
PT Barnum is attributed with a quote all marketers know and love; “I don’t care what you say about me as long as you spell my name right.” Most of the time that is very true. However, the recent CBS “60 Minutes” report that some of Lumber Liquidators Chinese made laminate floors may be in violation of health and safety standards due to...
Manufacturing... and TIME! More Time that you might think! One of the most common questions we get is: How long will it take to get into production?