As products are rapidly changing in today’s high-tech world, the need to have revision control for product data in one place is more critical than ever. Not just to ensure that internal teams are fully aware of the latest changes, but to ensure that critical suppliers, who may be on the outside of the four walls, are also immediately aware of what changes may impact them.
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.
Recently, smart marketers from other industries such as restaurants, suppliers and consumer brands have started embracing personalizing interactions for their customers. These marketers are incorporating the fundamentals used in retail today to increase engagement and revenue.
DeWalt, the manufacturer of industrial power tools, has announced its intention to build more than 600 different cordless power tools, hand tools and accessories in the U.S., using globally-sourced materials. The company says its 75,000-square-foot facility near Charlotte, N.C., has been producing tools since early October.
September U.S. manufacturing technology orders totaled $397.57 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 5.8 percent from August but down 31.1 percent when compared with the total of $577.17 million reported for September 2012.
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.
If you’ve been in business long enough, you face the problem of legacy computer systems, procedures, and equipment that are no longer up to the task. Unless your business is tiny, it’s hard to justify paper-based systems and manual counting. These are notoriously slow, inefficient, and prone to error.
The Southeast Michigan Purchasing Managers Index (PMI) for Oct. is 63.1, up from 59.9 in Sept., raising the three-month average for the economy to a robust 61.1. A PMI value above 50 generally suggests economic growth. Just over 75 percent of respondents report their expectations are for the economy to remain the same or become more stable.
GT Advanced Technologies Inc. shares soared in extended trading Monday after it struck a multi-year supply agreement with Apple Inc. for sapphire material. GT will also own and operate the equipment to produce the material at an Apple facility in Arizona. It expects the Apple deal will add to its earnings per share in 2014.
Manufacturing activity in the Southeast climbed in October, pushing the monthly index to 50.4 and narrowing the gap with the National PMI, according to the Southeast’s Purchasing Managers Index (PMI) report released today by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business.
Thief River Falls, MN-based Digi-Key Corporation is a global distributor of electronic components, with over $1.5 billion in annual sales. We recently sat down Mark Larson, the company’s president, to get his thoughts on globalization, inventory management and steps that established distributors can take in helping to set themselves apart from the crowd.
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.
What does technology that allows us to view Earth from the International Space Station as it orbits around the planet have to do with supply chain management? Or technology that helps authorities pinpoint and deploy vital resources during a catastrophic natural disaster? The ability to track and analyze big data in real-time.
KI Logistics today announced its plans to invest $11.5 million to establish its new North American headquarters and logistics facility at The Matrix Business and Technology Park in Greenville County. With the new investment , the company plans to create as many as 149 new jobs over the next several years. The 206,000-square-foot facility will be fully operational by July 2014.
After decades of outsourcing, the resurgence in domestic manufacturing is now America’s favorite comeback story. Factors that once drove companies overseas — including labor and energy costs — are no longer considered insurmountable obstacles. Yet one troubling trend could signal a major complication for returning manufacturers: our nation’s increasing reliance on unstable supply chains of imported minerals.
Under the proposed rule, companies that make widely-used prescription medicines would have to notify the FDA of any changes in drug production that could disrupt the U.S. supply. FDA leaders say the advance warning will help the agency work with companies to resolve supply problems or find alternate sources of drugs that are being phased out.
Intelligrated today announced its plans to expand its southern operations, based out of Alpharetta, Ga., into a new 54,000-square-foot facility that will accommodate staff from both Intelligrated and Knighted. The company says the expansion has been planned ahead of expected growth within the region.
Could 3-D printing, also called additive manufacturing, revolutionize the production industry to the same extent as Ford's assembly line? When Michelangelo was asked how he sculpted the famous David statue, he's reported to have simply replied, "I just chipped away everything that didn't look like David."
Penske was one of 55 companies to receive this distinction, representing the best environmental performers of SmartWay’s 3000-plus Partners. Companies were honored today at the Council of Supply Chain Management Professionals (CSCMP) Annual Global Conference in Denver.
The movement from linear to complex, multi-node supply chains is behind this dramatic shift, driven by changes that include greater volatility, constrained capacity, evolving regulations, major shifts in customer demographics and buying patterns, and increasingly demanding customer and supplier requirements.
If there’s such obvious value in getting customers to interact with your business online, why are so many companies, B2B in particular, still operating in person and over the phone? Maybe they’ve cornered a market. But frankly, betting on past analog strategies to support a company in the current and future digital market virtually guarantees failure along the lines of Blockbuster, Borders, Circuit City, CompUSA and others.
The survey gathered insights from 300+ business professionals responsible for ethics and compliance activities. It explored how and whether they have implemented policies to mitigate the risks of doing business with third parties overseas. Survey respondents largely acknowledged the risk, but 71 percent admitted they do not track information on some or all of their third party relationships.
Many smaller suppliers went under during the recession and after the 2011 earthquake and tsunami in Japan, leaving larger companies with tighter production capacity as the buying market rebounded, Sharland said.
An SAP user since 2006, Purcell Systems found over time that financial reporting from its big ERP system was inefficient, especially as managers began to request more information more quickly. By 2012, the company seriously needed a way to expedite both ad-hoc and standard financial reporting processes.
A company that makes battery-operated vehicles that children can ride said Monday it will spend $6.5 million to renovate a Rogers manufacturing site and hire 74 workers who will build products exclusively for Wal-Mart.Redman & Associates said production will begin in 2014.