The manufacturing supply chain is only as strong as its weakest link. But how does a firm know where its weakest link lies? The answer may be found with predictive analytics.
In the News
Thursday, November 21, 2019
Your company probably has security systems in place to prevent theft of computers, machines and products, yet you may not be doing enough to safeguard your customer lists, new product designs and marketing strategies. Manufacturers rank second only to high-tech companies as targets of intellectual property theft.
Thursday, November 7, 2019
Unfortunately, terrorist attacks are a real and present risk for businesses of all types. And tremors are being felt throughout the domestic manufacturing sector. This article examines some of the main repercussions for manufacturers on the global stage and in their own plants and warehouses.
Thursday, October 24, 2019
Efficient inventory management can substantially improve your firm's performance by helping to maintain high customer service levels and reduce variable costs. But reinforcing inventory management isn't a one-time project. It's a constant concern for manufacturers
Thursday, October 10, 2019
Technology and automation has brought manufacturing a long way. One of the latest innovations, 3D printing, could make a significant mark of global proportions. Will your firm be at the forefront of this technology or be left in the dust?
Thursday, September 26, 2019
Scheduling hourly employees to work more than 40 hours a week can help overcome seasonal peaks in production or bridge a temporary labor shortage. But excessive overtime should be the exception, rather than the norm, in a healthy, productive manufacturing business.
Thursday, September 12, 2019
If you're like most manufacturers, you don't track order-processing. Yet focusing on this performance metric can identify operational inefficiencies that are cost-cutting opportunities. And continued monitoring lets you keep those costs in check and predict future outlays.
Thursday, August 29, 2019
If you think social media is just for teenagers, think again. More than half of those logging on to social media sites are in their mid-thirties or older.
Thursday, August 15, 2019
With technology at the forefront of modern communication, more and more people are turning to the Internet to stay abreast of the latest news and information. Likewise, many of today's consumers use the Internet to find the best prices and to conduct research when they're planning their next purchase.
Thursday, August 1, 2019
High gas costs translate into high shipping costs, but manufacturers needn't passively accept this. Those companies that learn how less-than-truckload (LTL) carriers classify freight can modify their shipping processes to lower shipping costs. That requires research into the complex, ever-changing freight classification rules set forth by the National Motor Freight Traffic Association, an organization that most LTL carriers belong to.