The solution development process begins with Precision’s exhaustive Supply Chain Assessment, which documents existing indirect materials processes, technology and cost structure. Precision uses actual client data, not only to identify supply chain opportunities, but also to validate perceptions. The result is a comprehensive indirect materials management Master Plan. This plan proposes customized solutions with contractually guaranteed results including material cost reductions, labor rate cost reductions, consolidation of vendors, supplier base reductions, reduced freight costs and reduced cycle time.