As the CEO of a supply chain management, e-procurement, and financial productivity solutions company, Tim Garcia draws on real-life experiences to provide four tips for incorporating web security into companies’ overall risk management strategies. Lax procedures that fail to protect critical data leave businesses vulnerable to attacks that threaten customers and damage brands.
“Tight tolerance” is a term that is often tossed around loosely in the industry—however, if tight tolerance is not done correctly, parts and products will underperform or possibly fail, resulting in customer dissatisfaction and a tooling and/or process overhaul.
Whether you are just getting going on your business career or you have been working in the field for years, one thing that always comes back to bite you is costs. How can we alleviate these costs? What are some strategies for tracking manufacturing costs and managing them so that they don't get too far out of hand?
Familiarizing yourself now with these regulations may prompt you to give your input to the FDA while they are still in the “comment” phase rather than wait until they are final rules and more difficult, if not impossible, to challenge.
Different manufacturing businesses face different business challenges depending on product sets, competitive dynamics, supply chains and customer trends in a given market. But when it comes to reducing the costs of existing products, they share some very similar challenges.
Manufacturers, in many cases, are leading the way in finding more flexible ways to work with labor. It gives the flexibility to build people’s confidence without necessarily becoming full-time employees. There’s more technology that can be put to play in training people, in ensuring their skills are high.
There are actually multiple barriers including cultural, environmental and technological, challenges that can affect timely and effective decision-making in a crisis situation. Among the most common cultural barriers are different languages spoken by people in the facility.
The infographics below are in response to the Bayer Facts of Science Education survey, which gauges the public’s opinion on the state of science education in the United States, support for reform, and the recognition of the roles that science and science literacy play in everyday life.
What if you learned funding for capital equipment required to keep your plant running in coming years was soon going to be extremely hard to find? Would you hit the panic button? The situation manufacturers are facing when it comes to their most critical asset – people – is nearly as dire.
The study explored what impact ecommerce has on how B2B companies sell their products and services and found that a fundamental transformation is happening in how businesses are acquiring and retaining customers in this market. In fact, U.S. B2B ecommerce revenue has now more than doubled that of B2C.
Inventory shrinkage is a huge problem in North America, effectively robbing retailers of billions each year. It's bad enough when inventory disappears because of theft by customers, employees or suppliers, but it's especially frustrating when your inventory shrinks through preventable mistakes and poor inventory management procedures.
The brief shutdown of the federal government and sequestration has had an effect on the business operations of distributors and manufacturers, and could impact earnings in this quarter.
Originally used for producing automotive components, RIM is a low-pressure, low-temperature process that uses urethane thermoset resins. The process has been refined over the years, but has remained primarily unchanged.
If you’re one of the few with that million-dollar idea, here are five key manufacturing trends you should know about to help bring your product to market faster, cheaper, and more efficiently.
Take our poll! Many industrial manufacturers with the ability to control their electricity usage are now taking advantage of demand response programs to help reduce their energy costs. Demand response programs pay participants to reduce electric energy usage for short periods of time.
The key phrase here is “new ideas entering the market.” It's not like there aren't any new ideas floating in the heads of enterprising individuals, but the ideas just don't reach the shop floor. The resources needed to bring innovative ideas to life are in short supply in U.S.
Economic activity in the manufacturing sector expanded in October for the fifth consecutive month, and the overall economy grew for the 53rd consecutive month, say the nation’s supply executives in the latest Manufacturing Institute for Supply Management (ISM) Report On Business.
Many executives running high-throughput distribution centers face a growing logistics challenge – the need to prepare small-quantity, mixed-SKU orders to ship and arrive on schedule with short delivery times.
Being that it’s football season, the phrase “game plan” usually evokes thoughts of my beloved Green Bay Packers — so you can bet I needed a good reason to spend last week in Chicago Bears country.Luckily, the inaugural Game Plan conference – the brain child of tech leaders like hybris, SAP, Accenture, and others – provided that incentive.
The growing demand for immediate information in business has driven the creation of real-time data analysis solutions by geospatial engineering firms. Advanced consumer reporting solutions allow manufacturers, retailers and distribution companies to collect and crunch real-time inventory and sales data, and make it usable in seconds.