Archive for Engineering

Supplier Diversity

If you have a diverse supply base in traditional terms, you have a pool of suppliers manufacturing different things for you. The different pieces that make up the end product to your company all come together at some point in time. Think of the work, time, and money involved in making this happen; using five suppliers and the associated risk involved to insure everything comes together perfectly. An example of this process is below. I ask that you think of all of the work your company performs and cost incurred when doing business this way? ...