Product managers are in a tough position in 2022. Many supply shortages for items like chips or raw materials are expected to be backed up until 2025 or longer. The cost of shipping has increased exponentially.
Responsive supply chains are flexible, quickly adapting to demand shifts and disruptions. They can then mitigate challenges that affect industry competitors and minimize waste. Here are seven ways manufacturers can create an effective one.
Before the e-commerce surge, many companies operated on a goods-to-goods basis, meaning warehouses would ship pallets of product to retail stores for distribution. With a shift to goods-to-consumer, companies must change how they are packaging and shipping their product.
The manufacturing sector seems to be experiencing delays and disruptions far more than other industries. Part of this is because of others' reliance on it, and another reason is the commonality of critical flaws within supply chains.
Strategic Sourcing is about investing in alternate sources and deep supply-based analytics to squeeze every available part out of the worldwide supply.
Building raw material and semi-finished inventory is a typical management response to help ensure supply chains can deliver customer orders on time, but it doesn't always provide the relief needed and carries a lot of inventory costs with it.
Wondering how to solve supply chain problems? Leaders should ask these three questions to uncover supply chain strategy opportunities.
Recently, Simon Armanious, based currently in Canada, shared more about the Egyptian company and why the timing for growing the North American distribution channel is ideal.
Supply shortages, cybersecurity threats, and a lack of worker digital skills are the top three challenges faced by manufacturers, according to an IDC survey in November 2021.
New orders hit a 16-month low in October 2021, according to the Institute for Supply Management (ISM). Similarly, 26 commodities were in short supply, some for more than a year. However, despite these setbacks, manufacturers still have a chance to grow.
Supply chains and the climate are more intricately linked than many may realize. Just eight global supply chains are responsible for more than 50% of greenhouse gas emissions.
Over the past few years, several significant obstacles have emerged for manufacturing supply chains. Here are three of the most pressing of these and what strategies could address them.
Though most manufacturers have long believed that people are maxed out, and when it comes to productivity, manual assembly lines are as optimized as possible, new technology is challenging that belief structure.
Factoring in increased competition, supply chain challenges, and demand shifts, the manufacturing sector should waste no time adopting digital solutions to revolutionize their processes and solutions.
The implementation of strategic data quality capabilities can make or break a business. Many businesses suffer the consequences of risks and excess costs without ever understanding the root cause to be poor data quality or integration.
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