Steel Inserts / Fasteners

CASE STUDY: Steel Inserts / Fasteners

What was the nature of the problem?

• Escalating manufacturing, terrif, and transportation cost issues from international suppliers
• Lack of reliable/predictable delivery and rising ocean freight cost

What was the SI solution?

• Pre-qualified new strategic sources domestically, took the project out to bid both domestically and internationally to find the most dependable supply chain by utilizing SOURCINGSHARK technology and database.

What were the results?

• Secured reliable supplier for both controlling cost and delivery.
• Reduced total cost of ownership by 9.5% with a 12-month fixed price contract.