There are many risks when it comes to selecting OEM suppliers. Understanding them is essential to running a successful business. In this article, we’ll examine the factors that impact scheduling and time-to-market when using an offshore supplier.
There are many factors that impact the total cost of goods purchased. On the surface, some offshore suppliers may seem cheaper. However, the true delivered cost is impacted by many variables. Using this overview, you should be able to better compare all of your supplier choices.
Shipping - This cost must be calculated accurately to determine the true “Cost of Ownership”.
Many companies fail to understand the full cost of shipping from China and other low wage countries. Depending on the contract, importers may be responsible for picking the goods up at the factory door. Many foreign manufacturers will include FOB (Free on board) shipping.
In the past, many businesses operated on the assumption that their vendors were in compliance with the latest rules and regulations regarding their industry.Technology and materials were limited, so buyers worked with manufacturers who could produce the best product often without clearly defined quality guidelines or parameters.
Being the subject of a Google Doodle is noteworthy, but Dr. Sally Ride’s posthumous achievements are the true sign of a great pioneer. She received her doctorate in Physics from Stanford and went on to become the youngest and first female U.S. Astronaut to go into space.
Once in a while, you find a video that is so well done, so compelling, that you must share. This video, from American Made Matters is a great example. It will make you think twice about where products are made; knowing that the simple act of buying American-made products can have a profound impact on our economy. It's all about creating jobs. Jobs that are secure and well-paying. Jobs that can help re-build our middle class.
There are four key factors that go into making a high-quality plastic injection molded part: part design, tool building, material selection and manufacturing.
In this article, we will start at the beginning of the process, with the part design.
The process of plastic injection molding is designed to produce precision parts at a low cost. The part design must be developed to maximize the efficiency inherent in high-volume molding. With the right design, parts can be made consistently and with quality. Without a good design, costly processing mistakes can be made.
Female engineers who have achieved top jobs at major companies
Fortune Magazine is known for keeping track of how executives and business leaders rank against their peers. In a recent look at the Fortune 1000, they found that 51 of these companies were led by women; still a small percentage, but an improvement over 2009. And while only 5% of these companies have females in the top job, their companies generate 7% of the Fortune 1000 revenue.
These executive women lead some impressive companies including IBM, General Motors, PepsiCo, Lockheed Martin, DuPont, Archer Daniels Midland and Fidelity Investments to name a few. And many share one other common trait, they have engineering backgrounds. In fact, 4 out of the 5 top female CEOs in the U.S. have at least an undergraduate degree in a STEM field.
Let’s take a look at some of these impressive leaders
IBM CEO, President and Chairman, Ginni Rometty, began her education with a double major in computer science and electrical engineering at Northwestern University. Spending most of her professional career at IBM, Rometty held positions on increasing responsibility until being named the company’s first female president in 2012.
Drum-roll please……and the answer is.....PLASTIC
The use of plastic in our daily lives is ubiquitous. There are very few common household items that are manufactured without it. From non-stick coatings in pans to the pipes in our plumbing, plastic has made our lives easier by improving product performance and strength.
So, it is not surprising that the future for looks bright for this 21 century phenomena. Research and development on the formation and application of plastics is responsible for some very high-tech innovations.
The great recession underscored some inherent weaknesses in the U.S. supply chain. We have an employment skills gap, an uncoordinated approach to nurturing innovation, and an export imbalance. Since 2011, the federal government focused on changing this paradigm and made American manufacturing a priority. Under the guidance of the Department of Commerce/NIST, they developed an infrastructure with dedicated funding to rebuild our manufacturing sector.