Episode 4 - All about parts purchasing - part 2

In part 2 of our episode about parts purchasing with Brett and Magnus from Worthington, we talk about things we think customers should know about the process of purchasing parts and also the topic of parts consignments. 

If you’re just tuning it, make sure to listen to part 1 first.

In part 1 we discussed what Magnus and Brett do for Worthington and CircuitHub, questions customers frequently ask us about parts and purchasing, and recommendations we have for customers.

This week we’re talking about things we think customers should know about the process of purchasing parts and also the topic of parts consignments.

Show notes

Attrition

-What is attrition and why is it required?

-Different reasons for attrition - reader attrition caused by loading the feeders vs attrition caused by the machine.

-How do we decide how much attrition to buy for each part?

Purchasing for production

-Purchasing parts for a prototype order vs production order?

-Parts discounts for multiple repeat production orders.

-What is the process of getting custom quotes for parts?

-How does quantity affect lead time?

-How are parts affected when scaling from prototype to production volume?

-What is involved from the part vendor’s perspective to get parts picked and delivered?

-Options for parts that are going out of stock that are critical components?

Consignments

-What scenarios do customers choose to have us consign parts rather than having us buy them?

-Best practices for sending parts to your manufacturer.

-Deadlines for sending consigned parts.

-Why don’t we like to accept fully consigned kits?