The company relies on specific component parts from a limited number of single-source vendors. To manage risks associated with supplier dependence, it implements a qualification process, on-site inspections, assistance, and performance measurement systems. The company maintains minimal inventories of raw materials and components, keeping only what is necessary for production and shipping schedules. Increases in material and component costs are passed on to customers when feasible. For vehicle assembly, chassis are provided by third parties; the company typically does not purchase chassis for inventory. Instead, it installs or manufactures specialized commercial vehicles on truck chassis owned by dealers or end users, although it occasionally purchases chassis to fulfill certain customer orders.
Shyft Group Inc's Comment on Supply Chain
The company relies on specific component parts from a limited number of single-source vendors. To manage risks associated with supplier dependence, it implements a qualification process, on-site inspections, assistance, and performance measurement systems. The company maintains minimal inventories of raw materials and components, keeping only what is necessary for production and shipping schedules. Increases in material and component costs are passed on to customers when feasible. For vehicle assembly, chassis are provided by third parties; the company typically does not purchase chassis for inventory. Instead, it installs or manufactures specialized commercial vehicles on truck chassis owned by dealers or end users, although it occasionally purchases chassis to fulfill certain customer orders.
Sources:
Shyft Group Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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