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Introduction Professional procurement does not focus only on unit price. Instead, it focuses on Total Cost of Ownership (TCO). TCO includes raw materials, logistics, inventory, risk, and payment terms. Therefore, buyers must look at the whole supply chain when they want to reduce manufacturing cost. Energy and oil prices can change quickly. As a result, many factories face unstable production costs. Raw materials, plastics, transportation, and electricity may all become more expensive. However, companies can...

Introduction to Vietnam Machined Parts Vietnam machined parts support many manufacturing industries. These parts are often used inside larger products. For example, CNC parts may be: components inside a semi-finished product, prototype parts for product testing or finished parts used in production Therefore, machining plays an important role in modern manufacturing supply chains. As global buyers diversify supply chains, Vietnam becomes an attractive machining destination. The country offers skilled machinists, competitive costs, and growing manufacturing...

Many people believe the main goal of Trump tariffs was to reduce the US trade deficit. However, the real objective goes deeper than trade numbers. In reality, tariffs became a tool to reshape global supply chains. Therefore, companies around the world started to rethink their sourcing strategy. Today, buyers focus on supply chain stability. As a result, sourcing decisions now consider risk, diversification, and long-term planning. Trade Deficit Was Only the Surface The US trade...