Leveraging the external expertise of supply chain management partners

One of the primary benefits of working with external supply chain partners is the ability to improve organizational efficiency and performance. Outsourcing partners are equipped with advanced tools, technologies, and methodologies to streamline supply chain processes and eliminate bottlenecks. By leveraging their expertise, you can achieve greater agility, responsiveness, and cost-effectiveness in their operations <link to blog: How third-party procurement services help you lower costs>. 

Another compelling reason to collaborate with external supply chain partners is their ability to offer solutions that would otherwise require substantial time, resources, and capital to develop in-house. SCM management companies have already invested in developing robust processes, systems, and infrastructure to address a wide range of supply chain challenges. By leveraging their existing capabilities, OEMs can accelerate time-to-market and focus on their core competencies. 

External partners play a critical role in risk mitigation. In today's globalized marketplace, supply chain disruptions are inevitable due to various factors such as natural disasters, geopolitical events, or unforeseen market fluctuations. By working with experienced supply chain management companies, OEMs can implement risk mitigation strategies to safeguard their operations against potential disruptions. 

A third-party partner with a deep understanding of industry regulations and standards can help an OEM navigate complex compliance requirements and ensure that their supply chain operations remain compliant at all times. By proactively addressing compliance issues, organizations minimize the risk of costly penalties or disruptions to their operations. 

When you partner with NMG, you not only access our in-house expertise in engineering, sourcing, and SCM, you gain access to the collective expertise of a wide network of fully vetted and specialized partners and manufacturers. Our relationships allow us to implement outsourcing supply chain and inventory management strategies that are appropriate for your business, add redundancy to your supply chain, lower your costs, and create a higher level of service for you.    

Here are a few examples of how we’ve helped our customers with their specialized needs.

Our injection molding partners in the U.S. and abroad have advanced technology and equipment that make a true difference for several of our customers.   

Mold manufacturing  

Our partners have the expertise and experience to pair mold building with the injection machine during the design phase, giving you the assurance that the mold is best fitted for the injection machine. Their teams of mold design engineers and fitters produce hundreds of precision molds a year. NMG works with one-stop injection molding companies, meaning all the work from computer-aided design/engineering/manufacturing is properly relayed (via automation) to mold manufacturing and then production. Their in-house tooling abilities save time during trials and set-up, avoid costly adjustments or retooling, and allow you to deliver faster-qualified products.   

On-site material data and application laboratory  

Our partners have on-site material science labs that provide detail on resin properties with very accurate property data. This translates into a more precise mold flow simulation prior to tooling and production, which improves design and injection parameter set-up and reduces design failures and risks. Customers have access to innovative and new science on material, which translates to enhanced quality and often cost reduction, as well.  

Industry 4.0  

Our injection molding partners use complex computer-aided simulations (design, flow, assembly, etc.) before they even start making a mold, which avoids approximately 90% of issues prior to machining. Cloud-based systems allow for efficiencies such as pre-setting machining tools outside the machine, which saves a lot of setup time and ensures the data transfer is completely error-free. 

Outsourcing supply chain management to external experts offers a myriad of benefits. By accessing and leveraging external expertise in logistics, procurement, engineering, DFM, and manufacturing methods, like injection molded plastic, organizations can enhance their operational efficiency, improve performance, and mitigate risks. External partners bring specialized knowledge and experience, enabling you to optimize your supply chain processes and achieve competitive advantage in the market. 

Moreover, these partners offer solutions that would otherwise require significant time and resources to develop in-house, accelerating time-to-market and enabling organizations to focus on their core competencies. Through collaborative efforts with external supply chain partners, OEMs can navigate complex challenges, capitalize on industry best practices, and drive innovation in their supply chain operations. In a rapidly evolving business environment, the ability to adapt and collaborate with external experts is essential for sustaining long-term success and resilience. 

If you’re interested in outsourcing manufacturing to simplify your SCM, contact NMG to see how we can help you achieve your goals.