Keeping score

Knowing everything you possibly can about a supplier is the only way to make an educated and financially sound decision to work with them. SourceAuthority audits suppliers on dozens of criteria so that you feel confident with every bid.
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Buyer Information

Buyer Case Studies:
OEM of Overhead Traction Power Systems

This company is a leader in the design and manufacture of traction power solutions for trolley coach, monorail, heavy rail, light rail, and commuter rail systems.

The Background
After a series of successful acquisitions, the tooling department of this company found itself in need of new tooling suppliers in the southeastern United States. A local firm referred the lead engineer on the project to SourceAuthority.com. Intrigued by the marketplace concept, the engineer decided to conduct a test with a small tooling project.

It was predetermined that supplier selection would be based on a variety of factors including:

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Vendor Requirements

Quality Certifications:	ISO Compliant
Proximity:	Eastern United States

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The Challenge
Find and qualify a single source of supply for tooling in 5 days.

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Project Sourcing Summary

Commodity:
Hardened Tooling for Pull Test Fixture. The project consisted of the turning and milling of a basic design. Other secondary operations included the drilling and the identification numbers on each part. Strict attention was to be paid to the parts finish.

Target Cost:	$90 each
Volume:	2 pieces
Delivery:	15 days
Number Of Vendors:	6 qualified bidders
Sourcing Period:	5 days

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Sourcing Results

Winning Quotation:	$75.05
Delivery:	Schedule Compliant
Project Net Savings:	17% - $29.90 annually

Case Study Summary
SourceAuthority.com quickly met this buyer's expectation by delivering 6 quotes from qualified suppliers in the specified time.

It is interesting to note that this buyer, like many others which use the SourceAuthority.com marketplace, did not choose the supplier with the lowest bid. The bids ranged from $50.00 each to $97.10 each. The median bid was $80.12. When questioned about his choice of suppliers, the buyer stated that after reviewing the suppliers' feedback and quality surveys he was confident in his choice.

The OEM and the supplier continue to benefit from the ongoing relationship.

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