Contract services firm, Celestica, advises using a step-by-step approach to optimize the supply chain.
- Look at the current supplier list and examine how each supplier is driving value.
- Use a scorecard approach to evaluate factors beyond the invoice price. Quality, service, pricing, delivery, and flexibility are considered.
- Examine the complexity of the current supply chain to find opportunities to consolidate spending, improve supply stability through multisourcing, and introduce replacement components that align with the latest technologies.
- Introduce suppliers with better lead time or flexibility performance to meet the OEM's needs.
Return to "Innovating in an Evolving Global Market"
Login or
register to post comments