Milwaukee Electronics has developed a supply chain management process which centers on Lean manufacturing philosophy using quality vs. cost strategies that can adapt to customer needs. For the purpose of strengthening the abilities of our North American team, our Singapore-based International Purchasing Office (IPO) was founded in 2011, which broadened our opportunities for global component sourcing.
We utilize a formal supplier approval process with a third-party audit component as a fundamental part of our supply chain management strategy. Our recurring supplier quality review process includes a quarterly scorecard evaluation and business review meetings within our Preferred Supplier program. We measure overall quality, pricing trends, service/on-time delivery and partnering activities related to inventory turns, financial terms, internal feedback and communications.
While Milwaukee Electronics offers robust global component sourcing options to fulfill customer requirements and volumes, we also have strong flexibility at a regional level, through relationships with several franchised distributors.
Our Program Teams understand the likely market demand trends to help each customer develop a forecast. We use an electronic datashare protocol driven by MRP to support demand side synchronization. Our ERP system supports organization-wide inventory visibility.
