Paying More to Gain the Advantage: Five Factors to Consider When Sourcing Direct Materials
By: Directworks February 27, 2014
When it comes to sourcing the direct materials needed to create their products, leading manufacturers know that it isn't just about price, but rather best total cost and overall value. Historically, most OEMs were only concerned with one basic trade-off - price vs. quality. Today, sourcing is much more complicated. Risk needs to be constantly assessed and mitigated. Supplier collaboration is crucial. Trade-off analysis becomes the cornerstone of the supplier selection process. This white paper examines five advantages you should consider paying suppliers more for.