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Global Sourcing for OEM's in North America
Global Component Technologies, Inc
Solve. Source. Manage.
FREQUENTLY ASKED QUESTIONS
Supply Chain Management
We look at your actual consumption and compare it to your forecast. If you are consuming more than you forecasted, we notify you of a potential shortage and we adjust accordingly.
We’ve got that covered! We review your actual consumption and will contact you to confirm if you are slowing. However, we ship to you JIT so you should only have the minimum amount you require on your floor.
It has only happened twice in our entire history, but when our suppliers were unable to get PPAP approval for production, we refunded the tooling down payment to our customers. We stand behind our customers and we’ll make every effort to get you into production as soon as possible.
Tooling lead times vary depending on the complexity of the tool. Once a part is approved for production, standard lead times are 6 weeks for production and 4 weeks for shipment. Once parts are in our warehouse lead times drop to either same day or 1-2 days, depending on distance from our warehouse to your location.
We handle the problem for you...just return the parts to us. We have domestic engineers that work directly with your quality engineers to determine root cause. We also have international engineers at our manufacturing facilities to implement corrective actions. On the rare occasion that bad parts make it to your production floor, we will immediately replace the parts from our certified inventory. Once we receive the parts, we will work with you to determine if they need to be reworked or replaced by the supplier.
As part of our corporate responsibility, we are assuring our customers that Global Component Technologies is partnering with companies that:
1. Utilize fair labor practices and as a policy do not use or have sub-contractors that use minor, prisoner, or forced labor. And our partner suppliers (Where allowed) allow the work force to organize and freely communicate to management. Our supply chain is verified to comply with the responsible materials initiative (RMI) and is reviewed regularly.
2. Having documentation showing compliance with all environmental standards for the country and locality for which you and your subcontractors are located.
3. Refrain from using conflict materials and provide Global Component Technologies with products that are free from substances of very high concern (SVHC) and are RHOS, REACH, and Proposition 65 compliant.
4. Identifies and has a procedure for handling and labeling hazardous material and can provide material safety Data sheets for all exported material and chemicals used on product upon request.
5. Maintain safety record and have a system for corrective safety Measures should an accident occur.
6. Has a risk management plan that includes (but not limited to):
1. Addressing force majeure situations
2. Financial stability
3. Raw Material availability
4. Equipment Failure
5. Work force availability
Supply Chain Management
Since the founding of GlobalTech, we have had sources outside of China with no tariffs. We knew eventually the trade wars were coming and made a conscious effort to help our customers develop relationships with suppliers outside of China. We can assist you in dual sourcing your production and move your entire supply chain to a non-tariff country.
We have engineers on staff who have patents in their name along with multiple publications. We can help you choose the best process for the highest quality at the lowest cost.
We consolidate multiple customer’s components into a full container and pass those savings on to you.
Our company policy is not to artificially inflate our pricing in the beginning to offer future discounts. We give you the best possible pricing from the start.
There will be changes in the cost of raw material and exchange rates. We do not change pricing unless one of these costs move more than 5% up or down. This reduces the volatility of your part cost and lowers your risks.
Because we carry inventory for you (which can be several months’ worth), our terms are Net 30 from the time of shipment to you.
We want our customers to build a relationship directly with our suppliers. We encourage our customers to visit the manufacturing facilities and meet the people. GlobalTech adds value by helping you choose the right process at the right price, with the right supplier, while managing your inventory in our domestic warehouse. This is possible because GlobalTech has the ability to free up your cash flow with JIT delivery, cover spikes in demand, and mediate quality problems. Consider us an extension of your company and not a middleman!
Typically we ask for 50% down and 50% upon sample approval. However, we can split payments into 3rds or in rare cases amortize the tooling into the first 6 months of components.
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