Ask the Right Questions
As the worldwide economic downturn has strained many suppliers to the manufacturing sector, manufacturers are experiencing extreme instability in their supply chain for component parts. They are now finding many opportunities to expand or shake up their supply base including:
- Avoid production delays/disruptions due to economic volatility in countries where overseas suppliers operate
- Decrease shipping time and costs
- Minimize risk by diversifying suppliers
- Reduce expenses through competitive bidding
- Gain efficiencies in production through more advanced equipment/facilities
- Address quality issues with current suppliers
- Improve on-time performance
Those manufacturers looking to switch metal stamping suppliers need to carefully consider the process for transferring existing metal stamping tools to a new supplier.
Download Kenmode's new eBook for the steps involved in a successful tool transfer program.
