Friday, December 14, 2018

Finding Bigger Suppliers, part 2

Test: Are you getting all of your materials from one place?

If yes, you should attempt to re-source your highest volume items with larger suppliers to see if you're missing out on cost savings. You probably bought 1 or one dozen of a product when you were first testing and making it. Are you still buying from the same supplier? Some specialize in having a million products on hand, a one-stop shop. Others have fewer items in stock, but better pricing. If you’re getting a lot of different raw materials from the same place, it’s time to examine your supplier list. Stay with the specialty distributor for your test and small run products, find dedicated suppliers for larger quantities. 

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