Sourcing and buying components efficiently is vital to the profitability of your business. However, this activity is often time-consuming and frustrating, especially when lead times force out your build dates. You are then left dealing with multiple suppliers on different terms, delivering products at various times. How often does it all come together perfectly?
If you deal with multiple suppliers to source components have you considered how much time your team waste buying, tracking and consolidating multiple deliveries? What about the time and effort spent managing and paying multiple invoices? To make matters worse, if one part is significantly late and holds up production you are often paying invoices for parts supplied BEFORE you even build..…not great for cashflow!