What Should You Keep in Mind While Choosing an HMLV Supplier

Managing a High Mix Low Volume (HMLV) production can prove to be quite a task, keeping in mind its loopholes such as lack of flexibility, escalating cost of production, and limited options in managing the product lines.

In scenarios like these, outsourcing your supply chain management can and will provide a lot of window space for you to manage your deals, as well as increase the profitability.

Here are a few important points to keep in mind while selecting a supplier for HMLV products.

Choosing and HMLV Supplier

With the demand for custom made products increasing, the pressure is also high on the HMLV manufacturers to meet the need.

Right from looking into the demands of customers, to choosing the right model of supply – make-to-order, procure-to-order, or engineer-to-order, to understanding the capabilities of your resources and forecasting the future, the whole job of managing the supply chain can be quite a task.

Which is the reason why while choosing a supplier you should always consider the following

Ready to improvise

It is very difficult to forecast HMLV components. There are a lot of hazards associated with the packaging efficiency and the shipping methods. This is the reason why standard analytical S&OP chain methods will not work on these components. Look for a supplier who is able to improvise the supply chain practices efficiently.

Look for reliable suppliers

As a manufacturer of HMLV product, you do know that there is always a steady demand for HMLV products. Which is why while looking for suppliers ensure that you do a thorough background check on them. Your supplier needs to be focussed, creative and flexible.

They should know how to incorporate a smooth and reliable supply of components.

Find a LEAN-compliant Supplier

They should know how to incorporate a smooth and reliable supply of components.

While looking for a supplier, ensure that they are LEAN-compliant and experienced in high-variation production. This will allow your production managers to focus on the high-volume product lines.

Conclusion

As an HMLV manufacturer, outsourcing the supply chain management to a company like V5 will allow you to increase the economic growth of the company, and free your supply chain managers to manage the high-volume business.

At the same time, you can have a reliable source manage your supply chain.

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