How has component supplier management changed over time?
September 4, 2021at4:00 AM
As supply chains in every industry have evolved over time, so has the manner in which manufacturers manage the suppliers they purchase components from. A combination of factors has led to this evolution, and though it’s important for a component supplier management company to understand each of these factors and how they impact the modern logistics landscape, it’s also important for manufacturers to have this understanding as well. This makes it easier for them to optimize their supply chain and screen third-party companies to help them accomplish this.
Sisler Companies mainly provides component supplier management services to companies in the appliance, automotive, and electric motor industries, and we’ve written about some of what we do for these companies previously on our blog. We believe that it’s important to know what to expect when you choose to work with a company like ours. In this post, we’ll cover some ways in which logistics needs have changed and how we can help you meet them.
Manufacturers have become increasingly aware of supply chain risks and the fair market value of components over time. This knowledge has played a role in changing relationships between manufacturers and suppliers, decreasing the need for price negotiations in those relationships. The emergence of online information resources and global networks is largely responsible for this increased level of transparency, as manufacturers have an increasing ability to compare prices between suppliers for the same components in various different markets.
It’s also easier than ever before to research suppliers themselves, the quality of their components, and their experience working with other manufacturers in your industry and market. This allows a manufacturer to make a more educated decision than ever about where they’re sourcing their parts from. By extension, this gives them more control over the quality of their own products.
Increased digitalization has played a major role in increasing supplier transparency. Artificial intelligence and blockchain solutions, for example, have become a helpful tool for many companies to organize supplier information more efficiently. This has helped make component procurement a faster, less expensive process, and enhanced the level of quality control that manufacturers can achieve with the greater amount of information available to them.
Manufacturers increasingly rely on third-party companies to handle their logistics needs, making their supply chain management process less expensive and more streamlined. For component procurement in particular, this approach has given manufacturers an even greater ability to take advantage of the increased amount of supplier information available and the technological developments most useful for managing it.
Sisler Companies is one such company. As mentioned before, we focus our services on the automotive, appliance, and electric motor industries. We supply components to the companies we work with and handle their warehousing and distribution needs. Unlike many other companies offering logistics services, though, we also provide integrated assembly services to streamline the process even further.
Streamline your component supplier management with us
One of the biggest goals for any manufacturer is maximizing product quality and supply chain efficiency while minimizing the costs of the process. Working with Sisler Companies is the best step you can take toward achieving that goal. In addition to the services mentioned in this post, we can also help improve your products with our patented PTC heating technology. To learn more, send us a message through our contact form or give us a call at 740-777-6560.