Just-in-time (JIT) deliveries, little to no inventory, outsourcing, sole sourcing — all of these “lean” concepts have been at the heart of operations management for years now. But more and more companies are starting to ask themselves a simple question; Just how lean do we really want to be?
The Labor Department said Wednesday that the producer price index, which measures costs before they reach the consumer, rose 0.4 percent last month from November. That ends three straight months of falling wholesale prices.
When you consider some of the challenges that manufacturers face across industries today — they’re unprecedented. The pressures of global supply and demand dynamics, supply chain complexities, disparate production locations and systems, regulations, and other factors have forced manufacturers to reevaluate operations and optimize them everywhere possible in order to remain competitive and profitable.
U.S. import prices recorded no change in December, the U.S. Bureau of Labor Statistics reported today, following declines of 0.9 percent in November and 0.6 percent in October. In December, higher fuel prices offset declining nonfuel prices. U.S. export prices advanced 0.4 percent in December, after edging up 0.1 percent the previous month.
In an electronics market that has seen relatively flat performance over the last several years, there continue to be a number of areas where distributors can differentiate and find growth. One of the ongoing challenges within the market is the rapidity of demand swings, increasing frequency of orders and diminishing average order sizes.
The private equity game was once focused on buying and selling a company as quickly as possible. But the industry has evolved to focus more on engineering companies’ supply chains to build profit and value.
Here's some food for thought when it comes to evaluating and improving logistics in your enterprise: Whatever else you do in 2014, make it a priority to dump the tribal knowledge you might be using to make mission-critical decisions. Instead, substitute the facts.
The U.S. trade deficit fell in November to its lowest level in four years, an encouraging sign for economic growth. Gains in energy production and stronger sales of American-made airplanes, autos and machinery lifted exports to an all-time high.
It's the first major U.S. technology company to make such a claim about its products. It's the fruit of four years of work by the company to determine the sources of four crucial metals widely used in electronics manufacturing: tantalum, tungsten, tin and gold.
After decades of outsourcing, the resurgence in domestic manufacturing is now America’s favorite comeback story. But one troubling trend could signal a major complication for returning manufacturers: our nation’s increasing reliance on unstable supply chains of imported minerals.
Over the past decade, I’ve watched as globalization, competition and digitalization have forever changed the business landscape. Throw in the fact that current, and potential, customers now have higher expectations, and more buying power, than ever before and you have very little room left for error when it comes to supply chain planning, process management and execution.
IDC Manufacturing Insights provides organizations with insight and perspective on long-term industry trends along with new themes that may be on the horizon. Today's predictions focus on your supply chain.
Global electronic components distributor Digi-Key Corporation announced that it has surpassed one million in-stock components available for immediate shipment, accessible via the new and improved Digi-Key Bill of Materials (BOM) Manager.
This month, we had the chance to speak with Mark Prokosch, Vice President at Verify Brand. Verify, a Minneapolis-based software as a service (Saas) brand protection company, recently announced enhancements to its cloud-based platform to combat counterfeiting in automotive supply chains.
Quantum Storage Systems is pleased to announce the opening of its new west coast distribution center located in Fresno, California.
Spanning nine European countries, Hitachi Consulting’s survey aimed to identify the extent to which supply chain management activities and priorities are aligned with a strategic transformation agenda. The survey found that over half of the respondents do not regard their business’s supply chain as a fundamental source of business value.
Sustainability is a hot topic in the food and beverage industry. As manufacturers seek to reduce costs and maintain customer loyalty, implementing sustainable practices can help to achieve these aims while at the same time ensuring that companies are playing a responsible role in their industry and society in general.
The supply chain is getting greener and discussions about sustainability are cropping up in more calls and conferences than ever before. What this means for you is that the “green-ness” of your supply chain will soon be a deciding factor for your manufacturer and shipper partners as well as your other customers.
Wages in China are steadily rising at an annual rate in the double digits. Tax incentives for foreign manufacturers are expiring, energy costs continue to increase, and the cost associated with shipping are increasing. In short, China is becoming a far less attractive manufacturing option for American companies.
Josh Miller, of Made in the USA: The 30 Day Journey, sits down with the Alliance for American Manufacturing. He discusses what he learned making the film, how to be a better Made in the U.S.A. shopper, and even gave us a glimpse of his next big project.
Emerging from a meeting with Chinese President Xi Jinping, U.S. Vice President Joe Biden said Wednesday that U.S.-China relations depend on trust and a positive notion of each other's motives. Neither leader made public mention of a major clash over disputed airspace that's pitted China against the U.S. and its Asian allies.
MODEX 2014® is the industry's newest expo for the manufacturing and supply chain industries. It’s where the best and brightest thinkers in the supply chain gather to discuss the trends of today and the challenges of tomorrow.
Sean Rollings, Vice President of Product Marketing at E2open, answers some questions about supply chain management, globalization, data management, and continuity and contingency planning.
Over time, business has gotten a lot smarter when it comes to protecting enterprise technology from the hackers and viruses that are constantly fighting to get in. At the same time, though, we sometimes forget to account for a key vulnerability in the security perimeter — the many data links maintained with suppliers and service providers. The oversight is potentially serious.
The awful disasters that have struck the Philippines in the last few months, the devastating tsunami in Japan, and general violent weather effects have caused Supply Management to plan for continuity of supply down to the third tier of suppliers.