How to Build a Component Sourcing Strategy for New Product Introduction

Sourcing Should Start at Design

The most costly mistakes happen during design. A sourcing strategy built early avoids redesigns and delays.

7-Step Framework

  1. Design for supply — multi-source parts
  2. Check lead times early
  3. Qualify drop-in alternatives
  4. Balance price and risk
  5. Build relationships during NPI
  6. Plan buffer inventory
  7. Review obsolescence

Learn how BOM kitting supports NPI →

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