WHAT DO GREAT ALUMINUM FOUNDRIES DO?
Part Four – Holistic Approach to Supplier Selection
What are key factors you consider when selecting an aluminum foundry as a partner? How do these factors mitigate risk and maximize a successful mutual relationship?
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- Diversification – A foundry that diversifies customers and markets reduces the likelihood of its collapse during a downturn. Because of diversification, the company is prepared to effectively pivot and adjust to changing conditions, while remaining profitable and continuing to deliver to customers.
- Vision – Improves the company’s trajectory and provides a blueprint for future change and expansion based on a wide array of market requirements.
- Investment – Continuing to invest in processes, operations, quality, and capital equipment provides the foundry with the potential to remain ahead of the competition and increase the likelihood that they can meet your needs as a casting supplier.
