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How do the concepts of product lifecycle apply to Regal Marine’s products? 2. What Strategy does Regal Marine use to stay competitive? 3. What kind of engineering savings is Regal Marine achieving by deploying CAD technology rather than traditional drafting techniques? 4. What are the likely benefits of CAD technology?  
1.3 Supply Chain Management Regal Marine finds that it spends a huge portion of its revenue on purchases. Thus the firm works closely with its suppliers to ensure innovation, quality and timely delivery. Regal has done a number of things to drive down costs while driving up quality, responsiveness and innovation. 1. Working on partnering relationships with suppliers ranging from providers of windshields to suppliers of instrument panels and controls. Timely innovation at reasonable costs. Key suppliers are very tightly linked to the design team enabling valuable discussions on material changes during the design process 2. The company has joined 15 other manufacturers in a purchasing group to work with suppliers to drive down costs of large purchasing items 3. Working with hardware and fasteners suppliers to provide JIT consumables to the production line, and costs are not incurred until those parts are actually used within the Regal Marine product. 4. Regal Marine has outsourced recruitment and screening of employees to a personnel agency. 1.3.1 Questions 1. What other techniques might the company use to improve supply chain management?

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