Improve Profitability with Supplier Collaboration
Developing a strong and effective supply chain will benefit both the moldmaker and its customers.
MoldMaking Technology, Jim Hensiek , Director of Business Development from Creative Blow Mold Tooling
Being “first to market” is a common goal for manufacturers in this industry, but the reality may actually be quite different when there is ineffective supply chain management. For example, brand owners often are extremely successful in finding design firms that can come up with very creative packaging, but applying that design to an actual product proves difficult when the design cannot be molded. This is a supply-chain management challenge.
The opportunity for mold manufacturers lies in developing a supply chain that maximizes success in the marketplace by avoiding mistakes with upfront collaboration, averting costly backlogs, aligning manufacturing capacities with growing demand, and ensuring that raw materials and products from supply-chain partners are delivering value.
Shops should strive to make customers more profitable, to generate a greater return on investment (ROI) and to beat the expectations of the marketplace. This can be accomplished by building relationships and growing partnerships that yield an effective supply-chain timeline for those customers.