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.
Few companies leverage operational innovation as a tool because everything from enterprise structure to management strategies will require change, the fundamental enemy of beached whale organizations.
Large OEMs are investing serious capital in carbon fiber production technology, and as a result, the carbon fiber market is growing quicker than ever in the aerospace, sporting goods, and medical industries.
While cost remains a critical element in any sourcing activity, we argue that overall tooling capabilities, experience, and timing are equally important and should be weighted accordingly as part of your decision criteria.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.