So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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By Chris Wysong, Vice President of Plasma-Tec, Inc., Wayland, Michigan Specialists in machining, turning, grinding, and coating high-wear metal components When is it Smart to Source Locally vs. Globally? When deciding what to source where, a buyer must consider three major factors: speed, quantity, and precision. At the outset, overseas suppliers may seem like the economical choice but often they prove costly in time, resources, and image. The SPEED factor Who can get it to me ASAP-RIGHT NOW? A six-month turnaround time from an overseas supplier puts new product introduction out at least that much longer. In comparison, a U.S. job shop provides an OEM with the ability to rapidly rollout a new product with the added benefit of keeping inventory levels lower. Plus, they can provide for a 3 or 4-week order fulfillment for a custom-engineered piece of equipment. The QUANTITY factor relates to how many widgets are needed. Offshore sources only payoff if large volumes are required; however,