Global sourcing involves buying services, products or materials from suppliers or manufacturers from outside your own country. Although sourcing domestically has a number of advantages – namely, faster logistics, improved production control and a shorter time to bring...
Whether it’s a small startup with a few vendors or a multinational corporation with global outreach, strategic sourcing and vendor management are equally important. When it comes to strategic sourcing, the policies and processes you adopt serve as the foundation of a...
In September, China’s coal imports increased by 76% as power plants searched for fuel to alleviate a power shortage that has pushed domestic coal prices to record highs and disrupted corporate activity in the world’s second-largest economy. The supply...
When it comes to vehicle protection, the aftermarket parts market continues to grow at an unprecedented rate. After all, it is the most cost-effective solution to roll out relevant repairs without having to rely on the mercy of the original manufacturer. Whether you...
Summer is full of celebrations, from poolside anniversary parties to company cookouts. It is safe to say Mechanical Power‘s Summer’s End Barbaque Event was an absolute hit. The idea to hold a networking event and thank our customers and friends has been on our...
Be humble. Be Hungry. This advice has helped me in both my personal and professional lives in leading people by example and generating rapport and respect, says Brent LaLonde, President of Mechanical Power. Brent LaLonde is the SEMA Young Executives Network’s (YEN)...
