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If companies are to generate savings from "green" initiatives, they need to take a total-cost-of-ownership view and throw out old assumptions underpinning common supply chain practices.
To ensure success when they outsource manufacturing, companies need to adopt a community approach with their partners and back it up with collaborative technology.
Best-in-class companies recognize strategic sourcing as a value creator and consider it to be integral to their overall strategies for growth. Here's what it takes to bring your organization up to that level.
Instead of simply buying parts and products from suppliers, manufacturers should reserve those suppliers' capacity. By doing so they'll gain more flexibility, better cost control, and higher product quality.
When was the last time you reviewed your outsourcing agreements? Taking a fresh look at those contracts can help you cut costs in tough economic times.
Your usual ways of doing business and managing suppliers may not be effective in China. Here's advice on developing and maintaining strong supplier partnerships in this important trading nation.
Like many electronics companies, Teradyne has outsourced the production of its high-end equipment. But that doesn't mean it has given up control of its supply chain. Far from it.
Forget low-cost country sourcing as a strategy. Today, a comprehensive approach to procurement requires that companies also consider total supply chain costs and lead times. This means that the most profitable source may be close to home.
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