Verical Communications

The Economist carried an insightful article today, describing how Toyota, in its quest to become the number one car manufacturer worldwide, stretched its lean manufacturing philosophy to the breaking point. As Toyota sought to grow market share, they rapidly expanded their supply base to include suppliers they hadn’t worked with before. Along with their sole-source [...]

Tip #3: What’s the Real Deal? Score your suppliers on inventory control

Tip 3: What’s the Real Deal? Score your suppliers on inventory control

One of the many risks of purchasing from the grey, or “secondary,” market is the risk that the parts you purchased will not arrive on time. The broker claims to have the parts available, you place your order, and…nothing. The broker might claim there are some delays with his overseas warehouse, perhaps there are some [...]