Press Release Chester Springs, PA, Jul. 13, 2017 – On June 6, 2017, Specialty Resources, Inc. received a supply chain award from Club Car & Ingersoll Rand in recognition of SRI’s outstanding contributions during 2016. The Performance Excellence award for Most Improved Supplier was accepted by the SRI team during Club Car’s annual Supplier Day at the Champion’s Retreat Golf Course located in Augusta, GA. In 2016, Specialty Resources (SRI) significantly improved in Year over Year KPI’s in addition to...
Read MoreSRI Earns Recognition as a John Deere Partner-Level Supplier
Press Release Chester Springs, PA – Specialty Resources, Inc. earned recognition as a Partner-Level Supplier for 2016 in the John Deere Achieving Excellence Program. The partner-level status is Deere & Company’s highest supplier rating. The Chester Springs, PA based company was selected for the honor in recognition of its dedication to providing products and services of outstanding quality, as well as its commitment to continuous improvement. Company representatives accepted the recognition during formal ceremonies held in Davenport, IA. Specialty Resources...
Read MoreBenefits of Supplier Consolidation
Supplier Consolidation, or Vendor Consolidation, is a supply chain management strategy that has increased in popularity over the last decade. Supplier consolidation is the process of reducing suppliers within a specific supply market and focusing on the most successful suppliers within the same supply market. Aimed to reduce supply chain costs and improve efficiency, consolidating suppliers is a strategy that can be implemented by any industry. In addition, supplier consolidation can be implemented on the production and indirect levels. However, manufacturing...
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Total Cost of Ownership For Manufacturers
Total Cost of Ownership (TCO) is a management accounting concept that is used to calculate the costs that occur in your business. But what does (TCO) really mean for manufacturers? What is Total Cost of Ownership? For purchasing professionals in a manufacturing company, reducing production costs is your most important priority. If you reduce production costs, you can achieve greater profits for your company. But to determine the costs of producing a product, let’s say a car; it takes time and effort...
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What is PPAP & Why is it Important?
If you have worked in a manufacturing environment you may have heard of the acronym PPAP, a process primarily used in the automotive industry. As the manufacturing industry becomes increasingly competitive and risk averse, more companies have begun to use the PPAP methodology in order to consistently provide high-quality products year after year, to maintain an advantage over the competition. So, what is PPAP and how can your company, regardless of the industry, enjoy its benefit in order to maintain...
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