Long Term Agreements

Many companies have some form of a supply chain risk management program, but they do not always get the results they need from these programs because they may lack expertise in specific supply arenas. To do this effectively, companies should rely on a knowledgeable and experienced supplier with an integrated approach to managing supply chain risk that goes beyond traditional approaches.

Because of the complex nature of today’s bearing supply chains, disruptions will inevitably occur. True resilience comes from working with a solution-focused supplier, with built-in ability to recover efficiently and minimize impact.

Benefits include:
• Safety Stock and Inventory Reduction
• Identify Alternative Items and Sources
• Forecasting and Lead Time Management
• Inventory Management
• Vendor Reduction
• Streamline quality (DSQR)
• Reduce purchasing and accounting transactions

Partnering with National Precision Bearing in a long term supply agreement can mitigate risk, stabilize cost and reduce lead time, freeing up customer resources for high priority, time-critical activities