Bijan is a senior consultant and co-founder of Symphony Consulting, a management consulting firm located in Sunnyvale, California that specializes in sourcing, procurement and supply chain management. This article originally appeared in the Symphony quarterly newsletter. Hope is not a strategy. Yet when it comes to important…

When incorporating a new component revision, many manufacturers struggle with the question of whether to trigger a new revision of the assembly. You don’t want to bury yourself in a pile of pointless documentation updates, but you also never know when you may need to trace a given…