This page contains a Flash digital edition of a book.
Contents


Jon Barrett Managing Editor


A diverse supplier base


In this issue, we take an in­depth look at supplier diversity and the positive impact it can have across our industry.


Sometimes seen only from a limited perspective of social responsibility,


supplier diversity has many more aspects, such as the ways in which smaller suppliers can provide a customer with personal service and the flexibility to offer a broader range of customized products.


All companies have to meet legal requirements regarding supplier diversity,


but many choose to go much further, because they believe that it can add value to their businesses and provide a good return on investment. Our contributors explain that the view held by some that smaller suppliers cannot meet the needs of large customers is far from true.


Purchasing professionals play a key part in developing, implementing and


maintaining a good supplier diversity program. It is reasonable to expect a broad supplier base to bring innovative ideas to the working relationship and purchasing professionals must be capable of judging the relevance and value of these ideas and have the confidence to adopt the useful ones.


Implementing a true supplier diversity program is not without its issues, as


some of our contributors point out. However, an understanding of the questions to be answered and the actions to be taken can produce a resilient program that will offer benefits to all parties concerned now and in the future.


How to contact Electronics Sourcing North America:


EDITORIAL Managing Editor: Jon Barrett jonb@electronics­sourcing.com


Contributing Editor: Amy Barker amyb@electronics­sourcing.co.uk


Editorial Production Assistant: Natalie Freeman natalie.freeman@electronics­sourcing.com


Editorial Assistant: Kerry Wooding kerry.wooding@mmgpublishing.co.uk


ADVERTISING Director of Sales: Freya Parker freya.parker@electronics­sourcing.com


Area Sales Executive: Robert Baughan rob@electronics­sourcing.com


CIRCULATION Circulation Manager: Vicky Leary vicky.leary@electronics­sourcing.com


Circulation Assistant: Liz Poole liz.poole@electronics­sourcing.com


DESIGN


Studio Manager: Scott Pollard scott.pollard@mmgpublishing.co.uk


Graphic Designer: Jeremy Roberts jeremy.roberts@mmgpublishing.co.uk


PUBLISHER Mark Leary mark.leary@electronics­sourcing.com


Office Manager: Kate Smith kate.smith@mmgpublishing.co.uk


Published 8 times per year by MMG Publishing US LLP


MMG PUBLISHING US LLP Normandale Lake Center 8400 Normandale Lake Boulevard Suite 920, Bloomington MN 55437 Tel: 866.364.0951 Fax: 952.378.2770


Printed in the United States


© 2014 MMG Publishing US LLP Articles appearing in this magazine do not necessarily express the views of the Editor or the publishers. Every effort is made to ensure the accuracy of information published. No legal responsibility will be accepted by the publishers for loss arising from articles / information contained and published. All rights reserved. No part of this publication may be reproduced or stored in a retrieval system or transmitted in any form without the written consent of the publishers.


Cover image ­ ©iStockphoto.com/kentoh     EMS


 


      


 


  


 


 


 


      


 


 





    


   


      


     


  


          


    


 


 


 


   


    


   


      


 


        


 


         


     


     


     


  


    


  


        


     


    


                                                   


           


36


                               


                         


        


 


   





 


  





  


                                         


   


   


   


  


       


      


  


           


               


              


    


    


     


      


   


Buyers’ Guide All the facts and figures to help you buy


  


 


February 2014 | 3   Selecting a partner     26 10


Supplier diversity Positive impacts


6 News Esterline adds Sunbank to Souriau February 2014 Vol 5 No.2 4


View from the Top Making the most of flat


22 Obsolescence Vendor management strategies


 


                  


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48