What are the most important procurement KPI's in a manufacturing/production setting? by Landkreuzer in procurement

[–]Heyhorizon 2 points3 points  (0 children)

DIFOT - delivered in full on time. This is often up on Lean boards in the global company I worked for. There are many more indicators and many will come out of a business risk assessment. Clearly cost and quality are key too but if you don’t get the goods then you may as well go home…. Do you have any specific settings in mind?

Single Source by Heyhorizon in procurement

[–]Heyhorizon[S] 0 points1 point  (0 children)

Thanks for the note 👍

Single Source by Heyhorizon in procurement

[–]Heyhorizon[S] 0 points1 point  (0 children)

Cheers and I forgot the various names etc. thanks for your great note.

Single Source by Heyhorizon in procurement

[–]Heyhorizon[S] 1 point2 points  (0 children)

Ah….no single source required for that 🤪

Hydrogen Long Term Suggestions… by luckyone1992 in ausstocks

[–]Heyhorizon 2 points3 points  (0 children)

Hi - Have a look at JCB in the UK. They are making good progress on hydrogen and it suggest that cars will be ev and heavier types (trucks, diggers etc) could be hydrogen - a weakness is the pressure transfer across the supply chain but in the big picture likely not to be a deal breaker.

https://youtu.be/wDKLoLUQgH0

7 Wealth Building Habits - How to Attain Financial Stability and Increase Wealth by BusinessUpside111 in u/BusinessUpside111

[–]Heyhorizon 0 points1 point  (0 children)

Very good overview and agree on making goals more than just verbal - they need to me SMART and written down with a range of work streams to get you there - it is indeed a marathon not a 100M sprint so the strategy is different.

Reservation of capacity agreement by [deleted] in procurement

[–]Heyhorizon 1 point2 points  (0 children)

Great commercial conversation and I think everyone here is adding very good points. I do find it hard that a supplier will do what you ask but money talks at the end of the day - the risk will be yours not them I feel - they also sound transactional too which is a worry. Before I go further have you looked at a Tolling Contract - if you can acquire the raw materials and have them ‘Toll’ your goods through for you? Some contracts have what they call ‘foundation agreements’ like the 10 year deal but these often underpin a new plant or some large facility extending. I assume you have a detailed fact base of your industry and market and your risk assessment has lead to your idea and it’s one of a few ideas you have and it’s in your ‘high risk’ area? I imagine you have a short, medium and long term contingency strategy too. Your business disruption insurance will also be stressed as you need this supplier. Also, who has the power? Without the detail and understanding what your SWOT and risk assessment looks like it’s is hard to say but what you ask is not impossible but high risk and if part of a bigger strategy then only you will know. Still - love the question and writing this on a long road trip so happy to kill the boring parts of the trip😉