Q3 Supplier Contract Review
AI summary
Three suppliers reviewed. Renewing Bremen + Carbon Edge, switching from Vertex to Polymer North due to lead-time reliability (forecast $48k buffer savings). Approved May 14.
Three suppliers came up for renewal in Q3. After our 90-day quality audit, we are continuing with Bremen Steel and Carbon Edge, and switching from Vertex Plastics to Polymer North. Vertex missed three of the last seven shipments by more than 48 hours. Polymer North has a higher unit cost but a more predictable lead time. The forecast shows the lead-time saving is worth roughly $48k over the contract year because of how it changes our raw-material buffer requirements. Approved by Mira on May 14.
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supplier-management q3-2026 decisions