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Fast Fact #7 Four Main Practical Approaches to Reduce Cost in Outsource Manufacturing 1 Automate Manual Processes Use IoT-driven automation to replace manual data collection and tracking methods, reducing errors and inefficiencies across the supply chain. Real-time monitoring automates tasks and accelerates decision-making for substantial cost savings. 2 Optimize Maintenance Cycles Implement predictive maintenance powered

Fast Fact #6 Five Reasons Why Tooling Digitalization Matters for Tooling Audits 1 Enhanced Tooling Visibility A centralized platform offers a complete view of all tooling assets, providing real-time data on quantity, location, status, and utilization rates. 2 Gaining a Competitive Edge Improved responsiveness to tooling movements enables better supplier coordination. Real-time tooling insights allow

Fast Fact #5 Five steps to enhance supply chain visibility 1 Establish a Digital Supply Chain Integration Develop a comprehensive digital ecosystem that integrates all elements of your supply chain, facilitating uninterrupted data exchange and informed decision-making processes. 2 Deploy Smart Sensor Deployment Integrate smart sensors throughout your manufacturing equipment and production lines to capture

Fast Fact #4 4 strategic ways to improve supplier-OEM relationship How can OEMs transition from relationship anxiety to trust and collaboration with suppliers? 1 Implement Digital Tools for Enhanced Collaboration Capacity Management Dashboard offers real-time production data to both OEMs and suppliers, fostering a collaborative environment. 2 Optimize (OEE) Data-driven OEE evaluation reduces paperwork, streamlines

Fast Fact #3 Five ways to use capacity planning for timely parts delivery Effective capacity planning is the single most important method for mitigating late parts delivery and reducing cost in contract manufacturing. See how: 1 Transparent Overview of Supplier Capacity: Providing a clear overview of each supplier’s part capacity helps OEMs understand and manage