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.
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.
At Whirlpool, being green is more than just talk. Not only has the appliance maker taken the lead in developing energy-efficient products, but it has also redesigned its supply chain with an eye toward conserving energy and cutting air pollution.