Market volatility for the supply of critical raw materials has significantly impacted the profitability of the entire manufacturing community that consumes these materials. Today's conditions, marked by escalating prices and surges in demand, have jeopardized supply continuity, further highlighting the importance of materials as a critical cost driver, especially in outsourced manufacturing environments.
To improve the bottom line, leading manufactures from around the world have turned to deliver best-in-class processes for management of their multi-tier supply chains. Newview's innovative solutions and focus on materials allow companies to:
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Gain complete and continuous
visibility of material specification and spend
throughout the supply network;
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Organize information so that
product development and purchasing can work effectively together; and
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Employ collaborative processes that
include strategic suppliers.
"As enterprises attempt to gain better
control of their contract manufacturers' performance and continue to find
ways to drive down costs, they deploying emerging solutions to manage
multi-tier networks, not just the contract manufacturer. In other words,
they exert their mass to gain improved pricing across their extended
supply chain network. This approach gives enterprises the opportunity to
use scale for the contract manufacturer to drive down material/component
costs for the contract manufacturer and ensure their availability as well as
ensuring compliance to material or component standards."
from "The Outsourced Manufacturing Strategy
Benchmark Report"
