Many multinational companies (MNCs) struggle with high parts cost as they try to serve their global markets. As a purchasing manager of a global defense equipment company, Tim faced a similar problem. He served a market in Southeast Asia while sourcing parts from an official supplier located outside the region. Tim had to look for a trustworthy partner that could help him to set up a local network of manufacturing capabilities, and that was when he discovered Factorem.
Tim was frustrated with his current vendor not only because of the high prices for non-critical parts that needed frequent replacement but also due to the lengthy lead times that could extend for months. This forced him to maintain a large inventory stock, which significantly raised his costs.
Not satisfied with the current situation, Tim believed that sourcing non-critical parts locally would save him parts cost and inventory cost. However, he struggled to identify trustworthy local factories, having to contact them one by one manually. When he discovered Factorem, he was relieved to find a service that could support his localization efforts.
Factorem is an on-demand digital manufacturing platform that connects global businesses with a network of qualified manufacturers. Tim needed a reliable partner offering competitive prices and lead times, and willing to support re-engineering efforts. Our innovative platform provided several key benefits:
Factorem offers instant access to local manufacturing, enabling faster production and reduced shipping costs. Customers can quickly respond to demand by using nearby, vetted suppliers.
Factorem offers competitive pricing by leveraging a network of local manufacturers, reducing overhead and shipping costs. This ensures clients receive cost-effective solutions without compromising on quality.
No more chasing multiple suppliers with language and cultural barriers. Factorem offers a seamless experience by managing design review, production, and delivery, ensuring streamlined communication and support throughout the process.
Clients benefit from Factorem’s expert engineering team, ensuring precision and reliability in every project from pre-order to post-order.
Leveraging on the features that Factorem offered to support the localization initiative, Tim could present to his stakeholders about the following benefits:
