Engineering suppliers are forced to take on more risk_2
19 July 2012
Buyers of low-volume, bespoke goods in the engineering sector are forcing suppliers to take on more responsibility and risk for projects, according to preliminary findings of research at the University of Newcastle.
“Suppliers are no longer involved simply in manufacture and delivery. New contracts often require them to operate the equipment, maintain it over an extended period and even dispose of it at the end of the contract,” said Neil Alderman, principal research associate at Newcastle’s Centre for Urban and Regional Development Studies.
The research, which is to be...