This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As Spend Matters explored in its series on tariff management , a comprehensive response framework typically includes: Assessing exposure across your supplier base and bills of materials, down to parts, origin countries and HS codes. Supplier diversification across geographies to reduce dependency on high-risk sources.
It could be bad forecasting, poor order management tracking, failure to deal with supplier issues, inaccurate parameters, or lack of supplychainvisibility. You need a conscious Supply Line strategy. This SupplyChain company also had extensive complexity in its operations.
If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. You will gain more supplychainvisibility by connecting your ERP system to demand forecasting and inventory optimization software.
If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. Increased supplychainvisibility. You can read more about demand forecasting techniques in our article.
After a career as CEO, COO, President and Division Head of leading supplychain, manufacturing support, and after-market service organizations, he helps companies assess what they have, determine what they need, and decide what to do. He works from Boston and Palm Beach, and be reached at bryceboothby@gmail.com.
It monitors market changes, and provides product cost, risk, savings and supply insights for everyone on your team. Part Availability Insights allow you to automatically search for all the parts and alternative options on your bill of materials (BOM) and part lists.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content