30 min listen
WBSP210: Grow Your Business by Understanding the Nuances of Outsourced Contract Manufacturing w/ David Chavez
FromWBSRocks: Business Growth with ERP and Digital Transformation
WBSP210: Grow Your Business by Understanding the Nuances of Outsourced Contract Manufacturing w/ David Chavez
FromWBSRocks: Business Growth with ERP and Digital Transformation
ratings:
Length:
39 minutes
Released:
Dec 6, 2021
Format:
Podcast episode
Description
You might not worry about vendors until one day your production line stops because you didn't realize that you had a single point of failure with your processes. You might also make a strategic choice to simplify your processes by choosing just one vendor for most of your components. But while you might not have issues as of today as you may have had reliable vendors supporting you for a long time, it doesn't mean that you will never face issues because of a single source of supply. What if the vendor gets acquired? Or they have management changes that might not provide the same service levels that you expect.In today's episode, our guest, David Chavez, shares the nuances of outsourced contract manufacturing. He also discusses several stories where the outsourced vendor processes and supply chain were a major cause for production breakdown and significant financial loss and missed opportunities. Finally, he discusses the process for evaluating global vendors and how to ensure that they are not retaining control that could be a financial risk to your business.For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
Released:
Dec 6, 2021
Format:
Podcast episode
Titles in the series (100)
WBSP004: Grow Your E-Commerce Businesses From the Ground Up w/ Chase Clymer by WBSRocks: Business Growth with ERP and Digital Transformation