Creating and Maintaining Successful Supplier Relationships: Part 2

The first posting on the topic of successful supplier management entitled Creating and Maintaining Successful Supplier Relationships: Part 1 pointed out that a successful supplier relationship consists of five vital characteristics which result from a relationship that encourages commitment and capability. These five characteristics are shown in the table below. These Five Vital Characteristics of a Successful Supplier Relationship...

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Creating and Maintaining Successful Supplier Relationships: Part 1

External suppliers are critical to business success since companies focus their efforts on their core capabilities while outsourcing the non-core efforts. While suppliers and vendors exist to provide an assortment of different objects and items, the focus of this discussion is on suppliers of raw materials, parts, and products in a manufacturing supply chain. If you have worked in the field of product development and manufacturing,...

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Product Cost, Scope, Schedule: Prioritize or Fail

Product development and commercialization can be summarized as a balancing act between the competing constraints of product cost, scope, and schedule. Thousands of decisions are made while a product is under development and the end result is typically a sub-optimal result of these decisions. A consistent theme exists as a team moves through the process of bringing a product to the customer: it is virtually impossible to optimize all...

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How to Properly Define Your Product

When an inventor, entrepreneur, or company has a great product idea, they typically start out by constructing a prototype to prove the idea is feasible. While this might seem like the logical first step, it should actually be the second step taken. The first step should be to document the product features and functionality so that there are product goals for the team to pursue. Without first defining and communicating the product...

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Form, Fit, and Function Prototype

The last prototyping post titled Why a Proof-of-Concept Prototype? reviewed the reasons for designing, fabricating, and testing a Proof-of-Concept Prototype of your innovative product idea. If you followed this advice, you now have shown that your concept functions properly and there is a feasible technical path to develop your product. With this accomplished, what should you do next? Leardon Solutions designs, engineers, prototypes,...

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