19 Aug Are You Overpaying for Your Outsourced Parts?
Executive Summary
If you are responsible for sourcing parts to off-site manufacturing facilities, you know how daunting the process can be. With hundreds or thousands of parts, multiple suppliers, quality requirements and tight deadlines, it is difficult to truly know whether you are getting the best deal on every single part.
Sourcing professionals at most companies face tremendous time pressures. They also have to make sure the parts have acceptable quality and a good price. The sourcing professional must often source an overwhelming number of parts in a short time. These, plus a host of other factors make the sourcing process extremely complex. So it is not surprising that even those who are extremely adept will sometimes not find the lowest cost supplier or one with more efficient manufacturing processes.
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