Scary But True Tales of the Million Dollar Nickel
For manufacturers, the Million Dollar Nickel is like stepping on a Lego block with your bare foot in the middle of the night. Just one little, seemingly insignificant five cent plastic part can create a shooting pain that reverberates throughout your entire supply chain, bringing you to an immediate standstill.
Don’t let a small, missing part bring down your entire production line and cost your company millions.
SourceDay gives you full supply chain visibility, preventing massive losses and missing part surprises.
Dave Crysler reflects on the consequences of not adhering to established systems, and how crucial information is often overlooked until it’s too late.
Frank Barrett shares insights into the complexities of managing thousands of parts, and the consequences of not having the parts you need when you need them.
Michael Ryan discusses how poor planning and lack of inventory led to a $150,000 truck being held up.
Lindsay Smith recalls when Ford had to park 100,000 trucks due to a missing part, and compares examples of proactive vs. reactive responses
Sneha Kumari highlights a key issue of reliance on single or sole sourcing and illustrates how poor forecasting and inventory management can result in financial loss.
Tom Kieley emphasizes the importance of each component, and recalls how a seemingly minor part could halt the entire production line and cause significant delays.
Clint McRee discusses the criticality of sourcing and procurement, and recounts delays in significant shipments due to missing a seemingly inconsequential part.
Protect Your Supply Chain
Fill out this brief form to get started with a member of our team.