Risks and Benefits of Alternative Sourcing Strategies
Presented: February 17, 2022
When your product is held up waiting on a single component, it's common to go to brokers and other secondary sources to find enough materials to unblock your product. For some manufacturers, this is something to be avoided at all costs, and for others , it's an every-day activity. How do you determine if you should include independent suppliers in your sourcing strategy?
Join us as we discuss the differences in Independent Distributors, Brokers, and Secondary Source markets. We'll cover how each operates, where they source their materials, the impact it can have on your sourcing strategy, and how risks are mitigated in non-authorized component markets.
What you will learn:
1. Who independent distributors are, and their role in the components marketplace
2. The risks associated with materials acquired through independent channels
3. Common tools and strategies to minimize risk when buying materials from independent sources.
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