Let’s say the unexpected happens: When you start production on a piece of equipment, you realize you don’t have the necessary parts.
In running a business, you can’t always plan for the unexpected. That’s why it’s important for the partners you work closest with to be flexible to your changing demands.
Working with a metal manufacturer that eliminates waste related to material use, time and movement helps your OEM save on manufacturing costs.
Most OEMs expect their supplier to ship high-quality parts on time and help achieve the lowest manufacturing costs. Part one of this blog series discussed how the right metal manufacturer should add value beyond quality and delivery.
From speeding up quote turnaround time and product launches to leveraging lean manufacturing experience, your supplier should work to fine-tune its services and meet your most challenging demands.
If you’re an OEM working with a metal manufacturer, you already expect the highest quality metal parts, on-time deliveries and cost-saving efficiencies.
So what truly makes a fabrication and metal finishing supplier stand out from the crowd? It
must be the ability to adjust its services to suit OEMs’ most challenging demands, including fast quote turnarounds and product launches, lean manufacturing expertise and inventory control
Keeping your production lines at capacity and meeting customer demand is less complicated if your metal manufacturing supplier always delivers quality parts on time.
OEMs and suppliers are steering away from aggressive negotiations because they no longer compete in the market as individualistic companies. Supply chain integration is changing the manufacturing landscape.
Purchasing managers at OEMs are increasingly under pressure to prioritize logistics efficiency in their procurement decisions.
Conducting a supplier spend analysis is the most comprehensive, organized approach to understanding weaknesses in your procurement plan. With your finalized data in hand, you’ll be able to develop a strategy for cutting back on metal manufacturing costs.
Conducting a supplier spend analysis provides valuable insight into your procurement budget. With your spend data right in front of you, you’re able to consolidate suppliers and cut back on metal manufacturing costs.