Imagine this: you're a manufacturing company. Ever wondered how much 1% of your total Material Cost is? Well, if you typically spend 60-70% of your revenue on direct material procurement, that 1% could easily amount to $600-700 thousand. That's a staggering amount to lose due to poor communication in the Supply Chain, don't you think?
Now, let's talk about the real culprits behind material cost escalation. Think about those delayed deliveries with no early warning, causing production to grind to a halt. Imagine having to shell out exorbitant amounts for expedited shipment due to unforeseen material shortages. And what about that excess inventory carrying cost at Contract Manufacturing locations? It all adds up, my friend. We're talking about obsolete inventory that's just sitting there, while money slips through your fingers.
But here's the kicker. All of this waste could have been avoided if you had an Integrated Supply Chain system. Picture this: a seamless connection with your suppliers through electronic integration. No more relying on outdated methods like email and phone calls. It's time to step into the future and embrace the power of technology.
Don't let your supply chain be stuck in the past. Act now. Get in touch with us at TPSynergy (www.tpsynergy.com) and let us show you how we can revolutionize your supply chain with electronic integration. Trust us, you won't regret it.
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