Success in sourcing from China often boils down to the level of financial and human resources - and the expertise - devoted to the effort. The cost that goes into finding the right supplier is far less than the costs incurred when the wrong choice...
Does your company reward its managers that develop more efficient ways of getting the job done? Or does it allow managers to build empires?
Supplier capability assessments are often expensive and inefficient, and don't produce desired results. Have you considered just eliminating them?
The skies have been quite friendly for the aerospace sector, but underneath the headline data are signs that the industry is undergoing a shift that will see significant consolidation within the supply base and downward pressure on profits.
Volkswagen sales dropped 10.4% in the United States last month, but the German auto giant remains optimistic it will quickly increase U.S. sales from the roughly 350,000 cars moved last year to more than 500,000.
Nothing good ever results when companies start treating their strategic employees as commodities.
The high-profile Apple contract may help Philips boost the price for the Lumileds unit it’s trying to sell.
Manufacturers need to shake off the traditional commodities mindset and embrace the idea of an intelligent supply chain.