If you have been in the manufacturing industry for quite some time, you would know that various factors come into play when it comes controlling the cost of your production process. Many of these hidden factors that contribute towards the increase or decrease of your production costs could easily be missed out by someone who is not experienced. Yes, often there is more to cost control than what just meets the eye. One such factor that could have an impact on your production costs is your approach to sourcing your ACME thread taps and ACME thread gauges.
By adopting the right method to source and a right strategy to follow, you will be able to control costs. At times, we see some of these manufacturing companies switching from one ACME thread gauges supplier to the other. They have the tendency to keep switching from one supplier to the other for various reasons. So, if you too are frequently changing your thread gauge and thread tap suppliers, here is something that you need to take note of when sourcing your tools, the next time.
It has been proven that sourcing your thread taps and thread gauges from a single supplier happens to be a very cost-effective approach. Why is it cost-effective and how switching from one supplier to the other increase the cost of sourcing? All thread gauge and thread tap suppliers prefer to build long term association with their customers. In order to acquire customers that are likely to associate with them on a long term basis, thread gauge and thread tap suppliers give them a better price. When you continue with the same suppliers, they are likely to hold on to their best prices even if there is any marginal increase in the industry rates as they would not want to lose your business. If you keep switching from one supplier to the other you will not have this advantage. You would invariably see that you end up paying more for the tools you are purchasing when you frequently change your suppliers.
With certain manufacturers, there could also be initial order setup fee. Each time you change your supplier, they will charge you an initial, one time order setup fee. If you remain with the same supplier, you will not have to repeat this expense. This will straight away add to your savings.
There is yet another secondary benefit to sourcing all your thread gauges and thread taps from the same supplier. They will ensure that your orders are delivered on time as one of their regular business providers. You will get preferential treatment. As a result, your production process will run smoothly and you do not have to worry about stalling the process for the want of these simple tools. If the production process has to be stopped even for a day, you will lose a lot of money. So, there are both direct and indirect benefits in sourcing your tools from a single supplier.