Global Competition
Like it or not, we are all working, competing, buying and selling in a global market, and remarks made by industry regarding the unfair competition from countries with lower labor costs, favorable monetary exchange rates, tax benefits or other motivating factors are common.

However, this is nothing new and has still yet to run its course. In the 60s and 70s it was Japan, in the 80s it was Taiwan and Hong Kong, then Singapore and Korea, and now it’s China. Guess what? When the luster is gone from China as a source, then there will be some other county or region that joins in—countries such as Africa, India, Vietnam, Cambodia, Indonesia, even the Persian Gulf area, just to name a few.

  Supply Chain Loyalty
Another common remark involves business dealings with the supply chains today and the lack of loyalty to companies that truly add value to the process. This would seem to be counterproductive to long-term success and can be a developing problem for companies in all facets of the supply chain with downstream consequences. It is extremely important to seek out and develop relationships with companies that add value and work to drive out unnecessary costs, not just one time, but with loyalty on a continuous basis.

A simple checklist or grading system is helpful in determining primary suppliers in your supply chain. The checklist should use a 5 (Best) to 1 (Worst) qualification process. This checklist should be maintained as the suppliers’ ongoing report card.

Maintains product inventory usable to your needs

Provides technical support for all phases of mold design and manufacturing

Experience in manufacturing the products and troubleshooting in applications

Well established in business

Regarded by industry as having high integrity

Quick response on quote requests and order processing

 Adding value and driving out costs are accomplished by establishing relationships with suppliers that contribute the absolute latest in technical support along with the best product knowledge and experience in the marketplace. Many times this can only be accomplished through ongoing loyal business dealings that build trust. If customers buy from different suppliers every time or a purchase is based purely on price, neither the seller nor the purchaser has a real chance at long-term success.

  Resistance to Change
Resistance to change has been—and still is—an uphill battle for many companies, especially when mold shops are seeking to make improvements in mold performance. Even the most successful molder or moldmaker with what they believe is the latest/greatest design is plagued by what appears to be this relentless issue. That resistance to accept ideas and technologies from outside or third-party sources has and does limit the potential for companies in the entire supply chain.

  All too often molds are designed and built just “good enough to work” rather than designed and built with the very best design concepts, materials and components. In many cases, this resistance to change sets in motion an eventual bankruptcy, foreclosure or situations where an owner will just decide to downsize or close the doors entirely.

  What is left for those of us still in business in this industry? Without a doubt a new attitude is needed followed with the sentiment for continued improvement and change. This industry must develop a survival of the fittest mentality—becoming truly “fit to serve the market”. This means we must develop a business attitude, which yields a company motivated to participate in ongoing change and continued development. This does not mean just change once or change just a little, then slow or stop.                  

About First-rate Mold Solution Co., Ltd.
First-rate Mold Solution Co., Ltd. in China, provide industry design,mold design,mold manufacturing,molding analysis,project management service.

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