A Guide to Strategic Supplier Management in New Product Development
Developing a new product is a complex and dynamic process that requires the collaboration of multiple stakeholders, including engineers, designers, suppliers, and regulatory bodies. One key to successful new product development is managing suppliers effectively, ensuring they meet the required quality standards, cost targets, and delivery schedules. This guide will outline five phases of new […]
How Does Flawed Demand Forecasting Lead to Supply Chain Volatility?
If you’re struggling with supply chain volatility, here are three critical questions to consider: Could volatility in your supply chain be traced to a flawed demand forecasting model? To what extent does stocking level accuracy impact your inventory costs? How does your on-time delivery rate impact monthly revenue recognition? Companies who partner with a contract […]
Are Forecast Fluctuations Creating Havoc with Your Scheduled Deliveries?
Questions to Consider: If you’re struggling with unpredictable delivery schedules, here are three critical questions to consider: Are outdated just-in-time and just-in-case practices creating havoc for your on-time deliveries? What are the hidden costs as a result of demand forecast fluctuations? Is your MRP system up-to-date with suppliers’ shifting lead times? Our client, a leader […]
Benefits of a Design for Supply Chain Methodology
If you have been involved in manufacturing anything in recent history, you have been there – you have customer orders waiting, your lines are down, and you are just learning now that your components won’t be available for weeks, or even months, because of supply chain issues. That low-cost custom part could now hold up […]
How Are Your Strategic Priorities Impacted by Labor Shortage and Supply Chain Delays?
How have your strategic priorities been impacted by the global labor shortage and supply chain delays? Is your team allocating excessive resources on peripheral, non-strategic activities? Does your manufacturing partner provide expertise to solve critical business challenges? How have your strategic priorities been impacted by supply chain constraints? Companies which partner with experienced, forward-thinking […]
Supply Chain Risk Management Best Practices
When You Can’t Support Your Customers You may not be the doctor telling the patient that their medical tests and procedures have to be delayed because there aren’t enough supplies on hand. You may not be the operations officer watching your AOG (aircraft on the ground) hours rising out of control, leaving your troops immobilized […]