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News & Press: DMSCA News

Reshoring Projects? Start Preparing to Invest in Supplier Development

Tuesday, September 12, 2017   (0 Comments)
Posted by: Mark Alpert
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Daniel Stanton
Executive, Entrepreneur & Educator

 

New rules for global trade and changing market dynamics may soon force many U.S.-based companies to start looking for new suppliers that are closer to home. But this is easier said than done.


Switching suppliers can have a big impact on your supply chain, so it's important to manage these sourcing projects well. Assessing the supply chain maturity of each potential supplier is an important part of that process. But how can you objectively measure "supply chain maturity" and what do you do if the supplier that you really want (or need) to work with isn't quite up to par?


The past 30 years have seen a remarkable change in the way manufacturing is done. The development and deployment of new technologies - from communications, to computing, to standardized and automated material handling - have made it cost effective for companies to buy, make, and deliver products all over the world. And the resulting development of supply chain management as a discipline has allowed us to leverage these complex networks in ways that maximize the value for our customers and our shareholders.

 

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