Industrial Research World

  Cost minimization in supply chain management is one of the main KPIs for every manager in a business. It constitutes a huge danger to the finances and growth of any company if done incorrectly. So, what factors drive supply chain costing and how can companies effectively monitor, manage, and minimize these costs to preserve the company’s financial health? Let’s look at some of them below: 1. Investments It is essential to make strategic decisions when it comes to investing in today’s highly globalized economy as most businesses are multisite networks of multiple vendors, distributors, and manufacturers. Businesses must invest in the right place at the right time as doing otherwise can harm the business. To make sound strategic investments, companies must have an end-to-end view of their supply chain, access to accurate data for demand forecasts, a clear market strategy, and the capability to assess current and potential investment costs. 2. Procurement Choosing the right suppliers wh

  The manufacturing or vendor can make or break a business – find a custom manufacturer to help you stand out in a crowd! What is Custom Manufacturing? Have you ever seen a jewellery item that isn’t like the rest? Or a medical solution that suits a specific patient or purpose? That could be seen as a custom-made or custom-manufactured product. What we see as ‘bespoke’ or ‘customized’ nowadays is simply the process of designing, engineering and producing goods based on a customer’s unique specifications. This includes one-offs, build-to-order or made-to-order parts, short production runs as well as mass customization. Choose your vendor from our revolutionary, end-to-end solutions at Get Your Vendor Custom vs. Batch Manufacturing In terms of the business model and manufacturing tactics, custom manufacturing has its own set of challenges when compared to regular mass manufacturing of products. However, this process is also what makes the custom-made products more efficient and better in