There are many risks involved in selecting an OEM suppliers.Understanding them is essential to running a successful business.In our white paper "Hidden Risks in Your Offshore Supply Chain", we'll examine three strategic areas to include in your supplier selection process: Cost, Scheduling, and Compliance.
Cost
Cost is not just the final price you pay for a part.Cost also includes shipping, time to market delays, quality control checks as well as labor.Cheap foreign labor is becoming more expensive. Offshore suppliers face a more demanding workforce.And, today's consumers are demanding that suppliers provide improved working conditions and pay.All of this is driving up the unit cost of goods sold.