In recent years, certain industries, most notably the automotive, are experiencing record growth and profits; demand for machined parts, especially from precision machining companies, is at an all-time high.
Currently, many companies can perform machining of some sort, however, there is limited capacity among world-class precision machining suppliers, globally speaking. With this in mind, procurement professionals face major challenges to locate and source capable machining supply partners. Each option must be approached from multiple angles and one must be conscious of all facets of the part and assembly before choosing the best supply partner for machining services. Read more