Simple Solutions That Work! Issue 7

SARA HUTCHINSON HA-INTERNATIONAL, LLC ARTICLE TAKEAWAYS: • Request a supplier’s sustainability report • How progressive is your supplier on reducing waste & Six Sigma methodology BEST PRACTICES FOR SELECTINGA SUPPLIER 32 Evaluating and selecting a supplier is critical to your foundry’s success. While price is certainly important, it is not always the most important factor in your decision. While there are dozens of things to consider, this article highlights five key characteristics when evaluating current and prospective suppliers. Environmental Awareness Environmental awareness has become more than just a talking point in today’s industry. It is a requirement. When choosing a supplier, it is important to know their commitment to sustainability. Do they offer an environmental platform? Do they offer products made from renewable resources? Do they offer recycling programs? Offering a sustainability report is a good indicator of a supplier’s commitment to the environment. A sustainability report demonstrates responsibility to the environment and community. A good supplier takes initiative to show that they care about the future of your business by leading with safer, more environmentally friendly products. And, often times these new products are introduced ahead of environmental regulations, e.g. lower VOC limits. Also, this supplier can provide your EH&S department with assistance in permitting and compliance, potentially saving you the cost of hiring environmental consultants. Thus, suppliers sensitive to environmental issues have a far reaching impact that can save you time and money now and in the future. Reliability Another important trait to be considered when selecting a supplier is reliability. A reliable supplier is consistent and flexible in addressing unforeseeable events. Key factors that should be considered include commitment to the foundry industry, on time delivery, consistent product performance, superior technical support, and knowing that your supplier “will have your back.” Reliable suppliers have a track record of fulfilling customer expectations. They are willing to partner to improve current conditions and often aid in new product or process development. The suppliers’ capabilities should be well aligned with the foundry’s needs to ensure success. In the end, the reliability of a supplier should facilitate operational and competitive advantages.