Critical Component Sourcing

With the help of Insight Solutions Global, our client reduced 47.5% of the parts cost, increased 54.2% of the yield rate, and reduced 2 weeks of the delivery lead time.

About the client

Industry: Cinema photography

Product: Drone

Company Size: Established brand company

Location: United States

Challenges

  • Carbon fiber was the major weak link for the client; 
  • Since the carbon fiber was purchased from a broker, the client had no direct communication with carbon factories; 
  • On average, 60% of the carbon parts (plates, swan neck, boom arm, propeller etc.) failed to pass the inspection in the US; 
  • The price was high, and there was no cost breakdown transparency; 
  • The schedule for delivery was out of control
  • The parts should be 100% carbon fiber; 
  • 3K twill surface treatment; 
  • Tolerance was 0.05 mm. 

How we helped

We always share with you our profound understanding of the industry and business.
  • Reviewed commercial and technical critical requirements with client’s supply chain and mechanical engineers; 
  • Aligned inspection criteria, which included key dimension parameters, cosmetic functionality, reliability and more; 
  • Developed critical requirements matrix on carbon fiber supplier selection, and got approval from the client; 
  • Sourced manufacturers from drone and sports carbon fiber part’s in China;
  • Deep technical discussion with the selected manufacturers about the manufacturing processes, quality control and cost drivers; 
  •  In-depth onsite assessments/ audits to verify suppliers’ capabilities; 
  • Analyzed the cost breakdown and defined the key cost drivers for both NPI (New Product Introduction) and mass production; 
  • Reviewed the samples, and shipped them to US engineers for verification and feedback for improvement; 
  • Calibrated with the suppliers on tooling modification, manufacturing process control, and painting process improvement. 

Results

  • Carbon fiber parts gained competitive edge for the client, and became their key sales feature on the market; 
  • The client saved $2.4 million in 3 years; 
  • The quality yield rate increased from 40% to 94.2%
  • The delivery lead time was reduced from 6 weeks to 4 weeks
  • The client had direct access to carbon fiber factories, and full control over the supply chain; 
  • Built a sustainable carbon fiber supply chain, for both the existing and new products in the future; 
  • Gained the opportunity to collaborate with suppliers on continuous cost reduction via co-innovation on raw materials and manufacturing processes. 

More customer stories

Technical Due Diligence

Insight Solutions Global delivered a detailed 105-page Technical Due Diligence report to help the client make the decision to invest an US company whose operation center and supply chain are in China.

Read More »

Contract Manufacturer Selection

With the help of Insight Solutions Global, the client found the ideal supplier to deliver their products on time and on budget, developed a healthy supplier relationship, and gained more control over the supply chain.

Read More »

Supplier Assessment

The client had little visibility into the capabilities and operation details of the factory due to lacking of direct communication. Insight Solutions Global bridged the gap, drove the supplier performance, and increased the yield rate to 92.8%.

Read More »

Ready to talk about your project?

Give us a shout and we'll be in touch shortly.