Supplier networks offer more than just reduced prices

摘要

The process of vetting suppliers and obtaining competitive pricing is a challenge for all manufacturers. Small to midsize operations, where resources are fewer, especially feel this, with some turning to supplier networks for help. Such is the case for Knapheide Manufacturing Co., a producer of truck bodies based in Quincy, Ill. In March 2003, the company signed on to become a member of Prime Advantage, a Chicago-based supplier network made up of nearly 450 steel and metal-consuming manufacturers averaging approximately USD90 million in annual sales, as well as 110 endorsed suppliers.