Some of the biggest names in manufacturing — Boeing, General Motors, Ford, Toyota, Honda, and many others — have seen their supply chains thrown into turmoil after a major Japanese steel supplier admitted fabricating quality control data.Read More »
Business never shuts off — a supplier evaluation is performed every 2 seconds on THOMASNET.com! We are constantly developing new ways for engineers, procurement managers, and MROs to better access data on the platform. That's why we just launched THOMASNET.com Version 3.
The following is an overview of the improvements included in this release:Read More »
Small business owners wear many hats, and a multitude of demands (staffing, financing, inventory management, marketing, and customer service) quickly consume their time, focus, and daily operations. As a result, procurement tends to be an afterthought — when it should be approached strategically.
Small businesses spend between 45 and 65 percent of sales revenue on procurement of inputs. Therefore, procurement should be considered a viable opportunity to reduce costs and improve efficiency.Read More »
Walmart’s $250 billion commitment to buy products that support American jobs is expected to make a big impact on US manufacturing. Within the next 10 years, more of the company’s vendors will be sourcing American-made products and components to support their “Made in USA” initiative.Read More »
“Not for us.” “Volume is too low.” “We can’t do that size.”
You’ve heard every excuse possible. No matter how hard you try, sometimes it feels like you will never find a custom manufacturing supplier that will even give you a quote, never mind actually produce the parts you need. In an economy that has folks pushing to maximize every opportunity, it seems very counter intuitive that we would see this many possible jobs get turned down, doesn’t it?Read More »
Put yourself in the buyer’s shoes. What’s most important to them when sourcing? Early on, speed and efficiency are key — conducting research on their terms, without worrying about an email or a call back. That doesn’t change once they reach the shortlist stage — they’re still not ready to spend time on queries. In fact, you likely won’t even know you’re on the shortlist until the first time they contact you.
How does the shortlist work, and how can you improve your chances of getting there — and getting selected?Read More »