The 500% ROI Story
Many of you have probably read this nice story about effort vs. skill of an old man repairing a ship engine. If not, here it is.
Here is our story. Some time ago, NPA was contracted for a supply chain project where the company felt they had a good NPI (New Product Introduction) / production prices for their components (which they quoted with multiple sources) and asked us to provide inputs on how to best go about sourcing their components.
The company suggested one particular higher price component and we reviewed the specifications, made some suggestions and recommended quoting three suppliers that best fit their technology requirements and their business case.
The result was a >90% reduction of their existing price at the same specification, terms, and lead times. and with a highly qualified supplier.
All of this took less than 5h worth of work at NPA and the client got a 500% ROI. Now our customer has a highly qualified and competitive supplier that can manage NPI & volume production which also provides all the additional services like first article inspection, tests, etc.
The actual saving equated to ~ 6 months worth of NPA supply chain contracting and we continue having fun helping this client to successfully scale their product.
- NPA Supply Chain support......... ....$$$
- Knowing where and how to quote.............$$$$$$ savings for our clients and very happy customers.