Component and Supplier Management: A Strategic Imperative

Time and money - precious company assets, not to be wasted in the quest to bring higher quality customized products to market - faster and at lower cost.  In this constantly changing environment, leading edge companies recognize that two strategic objectives are vital to compete effectively in today's dynamic market: markedly reduce time to-market and implement mass customization.  Maximizing the competitive benefits of these two objectives depends on robust product design and development.  During this process, design engineers and procurement personnel need a timely answer to an essential question: do we already have a part that satisfies the design criteria? ...

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