Want your business to become more profitable? Is the sky blue? Is grass green? Will the Cubs win the World Series again this year? (Never mind that last question.)
I have this image of a sourcing manager talking to a supplier with the conversation going something like this, “I don’t have extruded aluminum right now, but what I do have are a very particular set of skills; skills I have acquired over a very long career. Skills that make me a nightmare for people like you. If you let me have the aluminum...
You’ve found your contract manufacturer! YAY!
But that manufacturer is only as good as its weakest link. It’s up to you to know all about the companies supplying your manufacturer. It’s time for supplier evaluations, and we've got a list of questions for a supplier evaluation checklist.
Lower cost. That's the goal of every sourcing or procurement manager, right? Well, it's certainly one goal. But how is cost measured? How great is a cheaper part or component if you can't get it on time or it isn't up to spec?