Reducing costs is one of the most important aspects of supply chain management. On average, the fastener itself is responsible for about 15% of your total costs. The remaining 85% is development, procurement, testing, inventories, assembly and logistics. Once you understand how this model of thinking works, you can begin to develop initiatives for reducing costs.
Because of our industry experience, Bossard recognizes that there are substantial opportunities for cost savings in various areas. By understanding the common challenges of supply chain management, you can identify solutions that will reduce costs and optimize your operations.
Globalization
Manufacturing operations are becoming increasingly globalized, emphasizing the importance of a procurement network that can support and provide for your needs. With a global presence that spans dozens of locations, Bossard delivers consistent global quality and reliable local service.
Quality
Ensuring that your products are high-quality is vital to the success of your supply chain. Finding the correct raw materials is the first step, but identifying the best production method and then testing and proving it is the difference between success and failure.
Streamline
Shorter product life cycles and fluctuating market demands have led to a greater demand for lean manufacturing concepts, requiring a lean solution. Value stream analysis and full reports of findings and recommendations are the keys to boosting productivity and lowering costs.
Technology
Technology is evolving each and every day, and the future success of your business is predicated largely on your ability to utilize the tools and advancements being developed. It is crucial that your engineers work to find solutions that are more functional and safe. By having extensive knowledge of new technologies, Bossard is able to provide expert insight into the design of new products.
To learn more about the key challenges of supply chain management and our best solutions, contact Bossard at ProvenProductivity@bossard.com.
Solving the Challenges of Supply Chain Management by Bossard
