General Plastics & Composites LP’s Post

Achievement Developed and implemented a new supplier qualification process, resulting in a 20% increase in supplier reliability and a 15% reduction in material costs. Designed and implemented systems to track and monitor inventory levels, reducing excess inventory by 30% and improving inventory accuracy by 25%. Negotiated new contracts with transportation providers, resulting in a 15% reduction in transportation costs and a 10% increase in on-time delivery to customers

Supply Chain Challenge - Day 16 An automotive company faces a dilemma: using a single global supplier offers economies of scale but increases risk exposure, while multiple regional suppliers reduce risk but increase complexity and costs. What supply chain strategy should the company adopt to optimize cost and risk? A. Sole sourcing with the global supplier to maximize economies of scale B. Dual sourcing by splitting orders between the global supplier and regional suppliers C. Regional sourcing to reduce risk and accept higher costs D. Developing an in-house supply capability to eliminate dependency on external supplier #SCM #Supplychain #AtefSupplychain #Automotive

Does it sometimes feel like you need to go to the moon and back to source ‘special’ parts?🌑 Partnering with a global supply chain specialist connects you to a robust manufacturing network, simplifying your procurement challenges, ensuring quality from certified manufacturing partners, and leveraging Vendor Managed Inventory practices to streamline your internal processes…all available on planet Earth! 🌍 At TFC, we blend 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗿𝗲𝗮𝗰𝗵 with 𝗹𝗼𝗰𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁 to provide you with seamless solutions that match your exact needs…when you need them. From quality design to direct delivery, we’ve got you covered — no matter how far your project is from lift-off 🚀 If your engineering team need the advantage of a custom engineered solution in some of your components, then save yourself a lot of stress, time and potentially cost by talking to a global supply chain specialist… Discover more on how TFC can assist your special part needs by visiting https://lnkd.in/dWRTw69E #SupplyChain #SupplyChainSpecialist #Manufacturing #Engineering #CustomComponents #VMI #EngineeringDesign #Procurement AFC Industries

The risk in not understanding your understanding is almost as great as the opportunities you'll gain by getting proactive. On February 27, learn from industry experts and improve your supply chain management! This FREE webinar features experts from #MEPNationalNetwork sister-MEP Centers CMTC and Manufacturer's Edge. RSVP ASAP at https://hubs.ly/Q02kjhWg0. #SupplyChain #SupplyChainManagement #ManufacturingSupplyChain #Manufacturing Manufacturing Extension Partnership (MEP)

Do you want to: ... minimize supply chain disruptions? ... find new local and domestic vendors? ... reduce your lead time for parts and materials? ... control the quality of your supplies? ... promote extra capacity to find new clients? All you need to do is participate in the North Carolina Manufacturing Extension Partnership (NCMEP) Supply Chain Program. There is no cost for North Carolina manufacturers to utilize our supplier matching and supply chain optimization services. Register your manufacturing business at https://lnkd.in/e_XNykj to get started! List your products and any excess capability in the ManufacturedNC database. Our supply chain specialist can assist you, simply contact Eric Taylor at Eric_Taylor@ncsu.edu If you want to find a new supplier complete a supply request at: https://lnkd.in/ePYw72-6 #NCMEP #ncstateIES #supplychain #manufacturedNC #manufacturing #NorthCarolina

Industrial and manufacturing megaprojects are slowing - we're seeing contracts increasingly include escalation clauses to handle price increases due to continued supply chain delays and sourcing issues. https://ow.ly/J7gF30sFNj6 #HEDadvances #manufacturing #megasites #industrialdevelopment

Reverse engineering in procurement is transforming the way we approach OEM substitutions. By analyzing and recreating components, we can: 1. Reduce Costs: Significant savings by sourcing alternative, high-quality suppliers. 2. Enhance Innovation: Encourage continuous improvement and innovation in parts and processes. 3. Increase Flexibility: Reduce dependency on single OEMs, enhancing supply chain resilience. 4. Improve Lead Times: Streamline procurement cycles and reduce delivery times. Leveraging reverse engineering not only drives efficiency but also empowers us to meet evolving market demands more effectively. #Procurement #ReverseEngineering #SupplyChainInnovation #CostSavings

Optimising the Supply Chain: A Guide to Efficient Shipping Arrangements and OEM Services

Dual sourcing can strengthen your supply chain by diversifying suppliers and reducing risk. Exploring this strategy helps improve resilience and ensure a steady flow of materials.

Enhancing Supply Chain Resilience: Securing Reliable Kit Components Read The News: https://lnkd.in/gW9s4B5N #NewsUpdates #SupplyChainResilience #KitManufacturing #SupplyChainManagement #QualityAssurance #BusinessContinuity #ICTTM