Hidden Costs of Supplier Sourcing

by | Mar 6, 2023

Finding new and reliable suppliers can be a daunting task. How do you confirm their capabilities? How can you make sure they are a good fit for your needs? 

When it comes time to put your ideas and designs into action, finding the correct manufacturer can become quite the ordeal. The research needed to confirm manufacturer capabilities, check reliability, estimate turnaround time, and ensure their quality of work can quickly add up! That’s valuable time and resources you could have back for managing your projects, working on further designs, or tackling other tasks.

Our research indicates that the average costs associated with a US company selecting, vetting, visiting, and onboarding a brand-new domestic supplier can cost upwards of $12,000! This price comes through the costs and multiple weeks, if not months, of dedicated and valuable technical team members’ time.

That cost and time commitment quickly inflates to even more drastic levels when researching and onboarding an APAC supplier partner. Due to many factors including drastically increased turnaround time for communication and increased costs associated with travel, the average cost to onboard a new APAC manufacturer reaches nearly $50,000! 

So what can be done? Are these unfortunately just the cost of doing business? How else can you find new manufacturing partners that provide further capabilities than your current supplier network?

That’s where Senturi comes in! We’ve done the legwork for you to bolster our offerings with vetted, high-quality manufacturers of CNC, Injection Molding, Cast Urethane, and Sheet Metal parts on both domestic and APAC stages.  

Our trusted partner network is at your disposal, and we’ll handle your projects from prototype to production. Let us save you the time and effort, making great parts a breeze to procure. Our strong supplier relationships mean your parts and projects are treated as a top priority with additional flexibility and quick feedback.

Interested in learning more? See what Senturi has to offer.