Managing all aspects of the supply is crucial to success
Excerpt of M. Diane McCormick's December 2019 Compoundings Article
In today's global marketplace, supply chain sustainability and transparency drive innovation and competitiveness in lubricant manufacturing.
"Innovation is key to market competitiveness in the lubricant industry, and as a result, it's a never-ending cycle of driving for better perform and in the most cost-effective way," said James Eggenschwiler, director of global trade for the Redstone Group.
The global market means more choices but also in an age of uncertainty, a host of complexities. Supply chain professionals agree that relationships with trusted partners are the key to success.
"You have to know which options are the right ones to choose," said Donna Nijak, plant manager for Hill & Griffith Co. "You have to know whether a material's chemistry is the same between different suppliers. You have to [know] how the supplier is going to perform. It's about all the little things. It's a matter of paying attention to detail and making sure you choose partners who share your level of integrity."Read More