Skip to content
  • Go to Noramark
  • Recent
  • Tags
  • Popular
  • Users
  • Organizations
  • Events
Skins
  • Light
  • Cerulean
  • Cosmo
  • Flatly
  • Journal
  • Litera
  • Lumen
  • Lux
  • Materia
  • Minty
  • Morph
  • Pulse
  • Sandstone
  • Simplex
  • Sketchy
  • Spacelab
  • United
  • Yeti
  • Zephyr
  • Dark
  • Cyborg
  • Darkly
  • Quartz
  • Slate
  • Solar
  • Superhero
  • Vapor

  • Default (No Skin)
  • No Skin
Collapse
Noramark

NORAMARK Forums

  1. NORAMARK Forums
  2. Categories
  3. Blogs
  4. The Hidden Costs of Traditional Sourcing

The Hidden Costs of Traditional Sourcing

Scheduled Pinned Locked Moved Blogs
2 Posts 2 Posters 42 Views
  • Oldest to Newest
  • Newest to Oldest
  • Most Votes
Reply
  • Reply as topic
Log in to reply
This topic has been deleted. Only users with topic management privileges can see it.
  • MTK kornutaM Offline
    MTK kornutaM Offline
    MTK kornuta
    wrote on last edited by
    #1

    Sourcing parts and materials is a fundamental challenge in manufacturing, but few stop to consider the real cost of this process. Whether you’re quoting a project, fulfilling a contract, or simply committed to keeping your supply chain American-made, the time and effort required to find the right supplier can be substantial.
    The Search Begins
    Depending on the size of your operation, your sourcing process may begin with an engineer identifying suppliers. They might:

    Search old business cards and contacts
    Dig through directories
    Use Google, LinkedIn, Directories, or trade association lists
    Call past suppliers for referrals
    Time Spent: Approximately 2 hours for simple parts

    Vetting the Supplier
    Once potential suppliers are identified, your sourcing or procurement team takes over. They must:

    Contact each supplier
    Verify their capabilities, lead times, and certifications
    Evaluate quotes and compare options
    Assess reliability based on past experience or references
    Time Spent: Approximately 2 hours for simple parts

    At this stage, the total cost in wages and lost productivity is already significant — often running into hundreds or thousands of dollars. And this is assuming the first supplier found is the right one. If a better option exists, the process might need to be repeated.

    The Risks of Inefficient Sourcing
    Missed Deadlines: Every extra step in sourcing adds time to production.
    Higher Costs: If a better supplier isn’t found, you may overpay or receive subpar materials.
    Lost Productivity: Skilled employees — engineers, machinists, and buyers — are pulled away from high-value work.
    Limited Supplier Visibility: What if there was a better option out there that wasn’t found?
    The NORAMARK Solution
    Instead of relying on outdated directories and cold calls, NORAMARK offers a trusted, AI-powered sourcing network that streamlines the process.

    How NORAMARK Saves Time & Money
    Drop a request into a vetted feed — Instantly access a network of proven manufacturers

    Discreet, private sourcing — Securely share requests with verified, high-trust suppliers

    Seamless collaboration — Engineers and buyers can work together in one platform

    Trust Scores & Ratings — Quickly evaluate suppliers based on real performance

    All Manufacturing Verticals — If it’s made in the U.S., it’s on NORAMARK

    Instead of spending 4+ hours per request searching, calling, and vetting suppliers, NORAMARK helps you connect with the right partner instantly. Save time, reduce costs, and ensure quality sourcing — all while keeping manufacturing strong in America.

    The Bottom Line
    For large and small manufacturers, inefficient sourcing scales into millions of dollars lost. For small shops, every hour spent looking for a bolt or outsourcing work means time off the shop floor. The real cost of sourcing isn’t just dollars — it’s productivity, speed, and reputation.

    Tara NicklesT 1 Reply Last reply
    2
    • MTK kornutaM MTK kornuta

      Sourcing parts and materials is a fundamental challenge in manufacturing, but few stop to consider the real cost of this process. Whether you’re quoting a project, fulfilling a contract, or simply committed to keeping your supply chain American-made, the time and effort required to find the right supplier can be substantial.
      The Search Begins
      Depending on the size of your operation, your sourcing process may begin with an engineer identifying suppliers. They might:

      Search old business cards and contacts
      Dig through directories
      Use Google, LinkedIn, Directories, or trade association lists
      Call past suppliers for referrals
      Time Spent: Approximately 2 hours for simple parts

      Vetting the Supplier
      Once potential suppliers are identified, your sourcing or procurement team takes over. They must:

      Contact each supplier
      Verify their capabilities, lead times, and certifications
      Evaluate quotes and compare options
      Assess reliability based on past experience or references
      Time Spent: Approximately 2 hours for simple parts

      At this stage, the total cost in wages and lost productivity is already significant — often running into hundreds or thousands of dollars. And this is assuming the first supplier found is the right one. If a better option exists, the process might need to be repeated.

      The Risks of Inefficient Sourcing
      Missed Deadlines: Every extra step in sourcing adds time to production.
      Higher Costs: If a better supplier isn’t found, you may overpay or receive subpar materials.
      Lost Productivity: Skilled employees — engineers, machinists, and buyers — are pulled away from high-value work.
      Limited Supplier Visibility: What if there was a better option out there that wasn’t found?
      The NORAMARK Solution
      Instead of relying on outdated directories and cold calls, NORAMARK offers a trusted, AI-powered sourcing network that streamlines the process.

      How NORAMARK Saves Time & Money
      Drop a request into a vetted feed — Instantly access a network of proven manufacturers

      Discreet, private sourcing — Securely share requests with verified, high-trust suppliers

      Seamless collaboration — Engineers and buyers can work together in one platform

      Trust Scores & Ratings — Quickly evaluate suppliers based on real performance

      All Manufacturing Verticals — If it’s made in the U.S., it’s on NORAMARK

      Instead of spending 4+ hours per request searching, calling, and vetting suppliers, NORAMARK helps you connect with the right partner instantly. Save time, reduce costs, and ensure quality sourcing — all while keeping manufacturing strong in America.

      The Bottom Line
      For large and small manufacturers, inefficient sourcing scales into millions of dollars lost. For small shops, every hour spent looking for a bolt or outsourcing work means time off the shop floor. The real cost of sourcing isn’t just dollars — it’s productivity, speed, and reputation.

      Tara NicklesT Offline
      Tara NicklesT Offline
      Tara Nickles
      wrote on last edited by
      #2

      Let's go!
      The sooner this network builds the better.
      I have a lot of work to do and I'm doing it manually now.

      1 Reply Last reply
      🤡
      1
      Reply
      • Reply as topic
      Log in to reply
      • Oldest to Newest
      • Newest to Oldest
      • Most Votes


      • Login

      • Don't have an account? Register

      • Login or register to search.

      Noramark Community

      • First post
        Last post
      0
      • Go to Noramark
      • Recent
      • Tags
      • Popular
      • Users
      • Organizations
      • Events