Vaupell Selects ThreeCore to Reign in Resin Price Increases
Posted on Thu, Jun 17, 2004 @ 09:01 AM
June, 2004 - Vaupell, a leading custom injection molding company, has selected ThreeCore to assist its procurement team in managing its global resin procurement. Resin costs have been increasing as oil prices continue to soar. ThreeCore is helping Vaupell's procurement team strengthen their supply chain strategies and supporting their efforts to develop favorable supply agreements with some of the countries largest resin distributors.
"Improving our supply chain practices has become increasingly important in light of the escalating cost of resin material," said Mark Evans, Chief Operating Officer of Vaupell. Our procurement team is focused on meeting the day-to-day needs of our facilities around the country. There were a number of supply chain initiatives that we weren't getting to because of resource constraints. ThreeCore gave us the flexibility to attack these issues without having to hire full-time people."
"Vaupell operates in a highly competitive market and controlling direct material cost is critical for their business," said Tom Petersen, President of ThreeCore. "The resin suppliers have taken advantage of the recent surge in oil prices to increase their prices across the board. Vaupell has taken an aggressive stance to combat these increases by improving how it brings materials into their facilities. They are also in the process of developing more flexible supply agreements that reduces their material cost through better forecasting and material aggregation."
About Vaupell
Vaupell Industrial Plastics was founded 1946 by Leonard Vaupell in Seattle, WA. Vaupell is noted within the plastics industry for having molded the first interior components for the aerospace industry by providing The Boeing Company with product in 1948. Vaupell continued in the role of a custom injection molder to the aerospace industry for much of its first three decades of operations. With continued growth through the last decade of the 20th century Vaupell had firmly established itself as a primary supplier of products and services to major OEM's throughout the world. For additional information please visit their web site at www.vaupell.com.
About ThreeCore, Inc.
ThreeCore specializes in reducing the cost and cycle times associated with direct materials. We provide clients with on-site supply chain resources on a short and long-term basis. ThreeCore's combination of audited supplier data, proprietary sourcing technology and team of material experts makes it the fastest, most cost effective means of strengthening your supply chain capabilities. For additional information please visit our web site at www.threecore.com.