Hiring less-talented, lower-skilled workers is a way to save costs, but that strategy comes with a great risk: they’re human, and humans make errors, regardless of how conscientious they are.
From our experience in automotive manufacturing, we’ve found that there are four relationship-based segments which support the creation of a more effective purchasing strategy.
Many factors should be considered when sourcing tooling, but three simple actions will go a long way toward finding the most cost-effective solution for your organization.
Leading companies invest the time and resources to master lean tools like Plan for Every Part to analyze and adjust the variables impacting inventory.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.