Are you planning to manufacture new products? If your answer is yes, then we have a few tips for you on how to select manufacturing company. When working with international supplier, It’s always a good idea to hire domestic manufacturer as a backup. Your local...
The United States has a new president with high expectations for the country. Whether it’s foreign policy, economic policy, migration issue, or handling of COVID-19 pandemic, the world and Americans want the new administration to do better. In fact, Americans want to...
When you have to devise or evaluate a price strategy in a competitive market, there is more than one consideration you have to take into account. Typically, there is no straightforward answer as to “when” you should change your pricing. Most OEMs don’t compete or act...
Four key trends that will have a major influence on procurement decision-making in 2021. Risk A major increase in business risks, including supply chain disruption to cybersecurity to regulatory change to the economic implications of prolonged pandemic-related...
Supplier Consolidation One area Mechanical Power excels, given its diverse product offering, is the ability to help OEM’s consolidate their supply base to Mechanical Power. Often, larger OEM’s have legacy spend practices built in that ultimately equate to buying lots...
Reverse Engineering Some large OEM Procurement organizations believe a “distributor” is another layer of non-value added costs. Mechanical Power differs from traditional distributors by providing several value-add services for our customers. One such value-add...
