Plastic Resins and Performance Additives Selection and Substitutions
There are many good reasons for diversifying your organization’s current roster of approved plastics resin suppliers and your list of raw materials approved as fit for use in production. Some of your suppliers may be high cost producers or have all of their production at a single site subjecting your critical deliveries to substantial disruption in the event of a hurricane or other disaster. If some of your customers are asking for regular price reductions through “cost-down” programs it will be more difficult to satisfy their demands if you are dependent upon specific plastics suppliers or raw materials and unable to easily change them to lower cost alternatives. Beyond cost, incorporating performance improvements in your plastic products will be more difficult to achieve if you are limited to current suppliers and raw materials and lack the time or the in-house expertise to substitute better performing alternatives.