If you ask any importer if they'd like to reduce their operating costs they're almost certainly going to say yes! But what are the options? Renaud has 9 cost-cutting options for you here regardless of where you're manufacturing. Some, … [Read more...]
Why and How to Control your Supplier’s Costs? [Podcast]
![Why and How to Control your Supplier’s Costs? [Podcast]](https://qualityinspection.org/wp-content/uploads/2022/07/WhyandHowtoControlyourSuppliersCostsPodcast1.webp){kind=small}
In this episode… We conclude the mini-series we've been doing where Renaud provides you with the advice you need to source from China yourself. We've covered the entire process from finding great suppliers, negotiating, manufacturing, … [Read more...]
NPI Cost vs. Production Unit Cost: What To Optimize For?
When developing a new electro-mechanical product, there is a tradeoff: Do you want to spend less time & money before production (during the NPI process), and suffer higher costs for each unit made? Or do you want to invest more … [Read more...]
Rising Raw Material Prices: What Strategy To Follow? (6 Approaches)
In March (2021), we noted that the raw material prices of some commodities (silicone, some papers & cartons, some batteries...) went up a lot. And some analysts predict a multi-year increase in raw material prices. Bloomberg came … [Read more...]
How to reduce costs in a factory? The lean approach.
The number one challenge of Chinese suppliers is price, as revealed by a recent survey. Their costs keep rising, but price competition is stronger and stronger. Factory owners spend a lot of time trying to reduce costs. Unfortunately, … [Read more...]