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Best
Practices: Planning: Require Formal Supply Market Assessment Case Study Company: Auto manufacturer Issue: Aluminum engine component subject to substantial price fluctuations Supply Market Assessment: The raw material price will remain highly volatile. The supplier base is shrinking and located off-shore. There are alternative materials that could be used. Outcome: Partnered with existing supplier of plastic components to develop engine capable plastic component. Unit price comparable to average aluminum component cost but total cost reduced through more reliable supply.
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