Supply Chain
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Plastech Corporation provides best in class services that are strategically focused to our business and our customers. Our supply chain team supports the business strategy by developing and managing processes in procurement, planning, and logistics. This enables Plastech to manufacture products at the highest quality and lowest total supply chain cost while supporting our customers, vendors and our internal operations. We take pride in providing top-of-the-line plastic products to our customers while maintaining a robust and efficient supply chain. In addition to our warehouse space, we also have 6 resin silos that can store large amounts of material for big projects.
Plastech Corporation sources components, materials, and services worldwide. We understand our supply chain impacts not only our activities but extends to the activities of our suppliers. Plastech Corporation only works with suppliers who can provide us with the goods and services we need, while not exposing their employees, or their local environment, to risks which are unacceptable. Performance of Human Rights, Health & Safety and Environmental issues are a key part of our sourcing strategies.
We qualify our suppliers by visiting with each one to understand how they treat their workforce, understand how they are meeting legal and regulatory compliance, as well as health, safety and environmental standards. Where appropriate we establish agreements with our customers and our vendors to create an understanding of how we will do business together. Plastech Corporation performs business in an ethical and professional manner.
How does Plastech Corporation increase supply chain efficiency?
Systems
We utilize an ERP system to efficiently run our business operations. We utilize MRP and real time monitoring to schedule production runs and observe material consumption and finished goods inventory as it is being processed. We also monitor our utilization, scrap rates and production efficiencies to ensure we are delivering quality products to our customers when they need it.
Order Fulfillment
At Plastech, we understand that timely and accurate order fulfillment is critical to our customers’ success. That’s why we prioritize order fulfillment by maintaining a lean and agile supply chain. Our team works tirelessly to ensure that orders are processed, manufactured, and shipped in a timely manner without sacrificing quality.
Cost is another critical factor for our customers. That’s why we prioritize cost down initiatives to help our customers achieve their financial goals. We work with our suppliers to negotiate better prices and optimize our manufacturing processes to reduce costs without compromising quality. Our team is also committed to reducing lead times while maintaining high-quality standards. We utilize advanced manufacturing techniques and work closely with our suppliers to ensure that we can meet our customers’ delivery timelines.
What People Are Saying
Strategic Sourcing Support
Our strategic sourcing support helps our customers navigate complex supply chains and identify the best sources for raw materials and components. We work closely with our customers to understand their needs and provide strategic sourcing recommendations that help them achieve their goals. We understand the importance of supply chain security and are committed to reshoring and American-made products when possible. Our reshoring initiatives help us to reduce risk and maintain quality while supporting the domestic economy.
Customer Managed Inventory
We have 330K sq. ft. of warehousing space to support our customers’ need to receive their product just in time. We work with our customers to develop efficient run quantities and stocking agreements that keep costs low. We also have 13,500 sq. ft. of tool storage where we maintain our customers’ tools while they are in use at our facility.
FAQs About Supply Chain Management
How does Plastech Corporation manage its supply chain to support its business strategy?
Plastech Corporation's supply chain team develops and manages processes in procurement, planning, and logistics to manufacture products at the highest quality and lowest total supply chain cost. This strategic focus ensures support for customers, vendors, and internal operations while providing top-of-the-line plastic products.
How does Plastech Corporation ensure responsible sourcing and supplier qualifications?
Plastech Corporation sources components, materials, and services worldwide but only works with suppliers who meet our standards. We visit suppliers to understand workforce treatment, legal and regulatory compliance, and health, safety, and environmental standards. Ethical and professional business practices are a priority.
What systems does Plastech Corporation utilize for efficient operations?
Plastech Corporation uses an ERP system to run our business operations efficiently. We employ MRP and real-time monitoring to schedule production runs, observe material consumption, monitor finished goods inventory, utilization, scrap rates, and production efficiencies to ensure quality and timely delivery.
How does Plastech Corporation prioritize order fulfillment?
Plastech Corporation understands the critical importance of timely and accurate order fulfillment for our customers' success. We maintain a lean and agile supply chain, working tirelessly to process, manufacture, and ship orders promptly without compromising quality.
How does Plastech Corporation address cost reduction for customers?
Cost reduction is always a priority at Plastech Corporation. We initiate cost-down initiatives by negotiating better prices with suppliers and optimizing manufacturing processes to reduce costs while maintaining quality. Our team also focuses on reducing lead times without compromising standards.
What support does Plastech Corporation offer for strategic sourcing?
Plastech Corporation provides strategic sourcing support to help customers navigate complex supply chains and identify the best sources for raw materials and components. We work closely with customers, understanding their needs and offering strategic sourcing recommendations to help achieve their goals.
Does Plastech Corporation offer customer-managed inventory solutions?
Yes, Plastech Corporation has 330,000 square feet of warehousing space to support customers' just-in-time product requirements. We collaborate with customers to develop efficient run quantities and stocking agreements, keeping costs low. Additionally, we provide tool storage facilities for customers' tools while in use at our facility.
Does Plastech Corporation prioritize supply chain security and domestic sourcing?
Yes, Plastech Corporation recognizes the importance of supply chain security and supports reshoring and American-made products when possible. Reshoring initiatives help reduce risk, maintain quality, and support the domestic economy.
How does Plastech Corporation ensure high-quality standards in supply chain management?
Plastech Corporation utilizes advanced manufacturing techniques and closely collaborates with suppliers to meet customers' delivery timelines while maintaining high-quality standards. We have robust processes in place to monitor quality throughout the supply chain.
How does Plastech Corporation support customer requirements for efficient and cost-effective stocking?
Plastech Corporation works closely with customers to develop stocking agreements and efficient run quantities to ensure low costs and streamlined inventory management. Our dedicated warehousing space and tool storage facilities support customers' specific needs for product availability and cost management.
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