In a world of fast-paced advancements, you need to stay ahead of the competition. 7/10 executives (68%) believe that active and meaningful engagement with suppliers is essential to success. (Forbes Insights Study link and credit) Knowing the latest industry trends is one way to stay ahead but what are the top 6 benefits that come by strategically collaborating with your key partners and suppliers?
Reduced time to market: By being involved in the design from the start key members of engineering from both the supplier and your team are able to pinpoint needs up front to build an optimal design the first time. This saves time and costs for both parties.
Reduced Costs: When working alone you can get stuck within the details. By collaborating, questions come into play that may not have been considered before. What is the end goal? Why is this specific tolerance needed? In many cases by reducing a tolerance we can still achieve your goal but at a much lower cost. This allows us to design to the highest performance at the lowest cost.
Leverage Expertise: You may have expertise in one aspect of a design but lack it in another. By bringing in a strong partnership with a supplier you can leverage their expertise in the specific areas that best complement your own. This results in a solution that is not over-designed.
Better Communication: This intimate relationship allows for better communication by providing fewer layers where critical information could be lost. A buyer isn’t stuck translating a conversation they had with an engineer, we speak your language. Through this partnership both sides gain trust and accountability.
No Blame: As a partner there is never anyone to blame. If an issue arises we get down to the problem and solve it. No time is wasted pointing fingers, we work together to solve the issue efficiently and effectively.
Potential for Expansion: As you spend more time working with key suppliers they become an extension of your internal team. This familiarity allows new projects to run smoother as best practices across both companies are solidified and new opportunities are presented. By leveraging your supplier relationship you can manage the product line and business operations while balancing risk and costs.
Interested in learning more about what top executives think about collaboration… download the full Forbes Insights study here.
Throughout the pandemic, IDEX Health & Science has been working...
READ MORE
Are you running highly sensitive organic solvents through your UHPLC...
READ MORE
For the past 8 years IDEX Health & Science’s Senior...
READ MORE
SearchLight's System Calculators allow a user to compare the fluorescence...
READ MORE
When Moez Adatia and Craig Hodgson woke up early Thursday...
READ MORE
IDEX Health & Science, LLC, the global leader in life...
READ MORE
As diagnostic testing kits are designed to make test procedures...
READ MORE
IDEX Health & Science Semrock optical filters are on NASA's...
READ MORE
Until there is a vaccine or anti-viral medications for COVID-19,...
READ MORE
There are three basic types of Raman instrumentation. Raman microscopes,...
READ MORE
Fittings Basics Fittings are typically comprised of a nut and...
READ MORE
MarvelX UHPLC connection systems have been expertly designed for easy...
READ MORE
Unfortunately, there is no standard filter lifetime. You may go...
READ MORE
When analytical scientists review their HPLC laboratory set-ups, they typically...
READ MORE
If you work with multiphoton microscopy, three–photon imaging allows you...
READ MORE
Businesses in the analytical laboratory market are constantly looking for...
READ MORE
Making Ideas Happen Our Product Development Process (PDP) helps align...
READ MORE
Utilize degassing in your fluidic path to remove dissolved gases...
READ MORE
When designing integrated microfluidic consumables, it is important to understand...
READ MORE
Are you using an off-the-shelf objective lens for your imaging...
READ MORE
"IDEX Health & Science has been an OEM supplier to...
READ MORE
Life science instruments are typically designed and developed by experts...
READ MORE
Life Science instrument designers face many challenges when incorporating a...
READ MORE
The graph below illustrates that every time a traditional UHPLC...
READ MORE
During reagent handling or at the connection junctions, even small...
READ MORE
Temperature, pressure, reagent concentration and sock or agitation are all...
READ MORE
Fluidic applications with multiplexed reagents tend to result in complicated...
READ MORE
The healthcare provider experience is constantly evolving as new diagnostic...
READ MORE
We are pleased to announce the release of the Semrock...
READ MORE
How do you improve the throughput of your flow cell...
READ MORE
How do you handle customized fluidic design iterations when you...
READ MORE
During the first week of February we visited a cooler...
READ MORE
Join Us in Welcoming Finger Lakes Instrumentation to Our Team...
READ MORE
As a leader in HPLC flowpath solutions, IDEX Health &...
READ MORE
Last week, our IDEX Health & Science Melles Griot team...
READ MORE
We had another great year at AACC. If you missed...
READ MORE
Are you developing a life science instrument under a tight...
READ MORE
Hello and welcome to the IDEX Health & Science insights...
READ MORE