OEM Looking for a new Component Supplier? These Factors will Help

Last updated on June 23rd, 2022 at 04:25 am

Whether your business is in its infancy and you’re finding your feet as an OEM, or you’re having trouble with your current supplier and you’re looking for a new one, understanding what factors are important when choosing a component parts provider will help you get it right – the first time.

It’s easy to think that the cost is the most important element of choosing a new supplier, however when you consider that the reputation of your company rests on the parts you use on your production line, finding the right supplier suddenly seems overwhelming. To help you make sense of this difficult task, we’ve gathered some important factors that will make the search for a new component supplier more manageable. Read on to find out more.

Is the ordering process straightforward?

As an OEM, you need to keep your production line moving as quickly as possible, so whether you need capacitors, resistors, or temperature sensors by Minco Products to fulfill an order, or you have a machine that has broken down, you need to be able to order the components you need quickly without slowing down production. Searching for your component parts online and utilizing a BOM tool to source the parts you need will certainly streamline your entire procurement process. Simply upload your list on Sourcengine and you can instantly begin searching for the parts you need. No more sifting through catalogs or making phone calls to different suppliers, just everything you need in one place.

Price comparisons

Does your current supplier allow you to compare prices? Probably not! By moving your component search online, you’ll have access to millions of component parts and the ability to compare prices within seconds. Sourcing the right parts shouldn’t be time-consuming or mean that you have to settle for high prices just to get the parts you need quickly. By choosing a supplier that is based online, you’ll get the best of both worlds.

Choice of parts available

When choosing a new component supplier, the ability to source all your parts in one place will certainly streamline your entire procurement process. Often, it’s your procurement team who’s left to handle numerous suppliers and go back and forth between providers trying to find specific parts. This is incredibly frustrating and means that you’re less likely to find the parts you need at the right price. The right online parts supplier will have everything you need in one place.

What about their quality management?

Wherever you source your parts from, you need to know that quality is taken seriously. The last thing you want as an OEM is to have your reputation tarnished or to have disgruntled customers taking their business elsewhere. A supplier that prioritizes quality is an important factor in your search. Each part should go through a rigorous checking process to ensure the end result is exactly how you envisioned and to complement your business ethic or high quality and excellence.

Conclusion

If you’re looking for a new component parts supplier, consider the factors above to make an informed decision.