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Open the appCurious about cutting costs in manufacturing? Dive into a discussion on negotiating with vendors for better deals.
One common thing I have noticed is manufacturers 1. going for long term contracts with suppliers. 2. using software systems to auto place orders and reconcile payments This way apart from a negotiated long term contract helping in better prices, companies are also saving by reducing overhead in the complete purchase cycle.
You're facing a dilemma in manufacturing. How do you balance speed with quality?
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