The impact of parts standardization on procurement performance
Bunyag, Marvin L.
University of Wisconsin-Stout
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Company ABC is one of the largest companies in the Midwest involved in the plumbing business. The company struggled to maintain efficiency in the supply chain especially in the procurement area due to the complexity of managing numerous unique parts of faucets products. To increase margin and competitiveness in the market, Company ABC decided to redesign components architecture to increase commonality across product families. A quantitative analysis was performed using tables, charts, and graphs to analyze the data, evaluate the current situation, and present the improvements in the future state. The company was aiming to reduce supply chain costs and increase flexibility and efficiency by increasing parts commonality to at least 80%. A performance metrics were determined to measure the benefits of parts standardization on procurement performance.