5G networks are opening new opportunities to manufacturers including speeding-up the IoT with faster data transfer rates and more efficient connections and communication between devices. Therefore, 5G will be key to the growth of the IoT in 2022.
When manufacturing CFOs were asked about the top business risks for 2022, 40% highlighted the management of rising inventory costs, 36% of respondents were concerned about managing cash flow and 35% pointed to the management of local and global supply chains.
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.
When manufacturers want to implement a new production line, they are examining all of the possible risks and scenario planning for every reasonable action that could either prevent or mitigate a risk if it materializes.
Gartner found last year B2B buyers now only spend 17 percent of their time meeting with potential suppliers and vendors when deciding a purchase. Virtual selling via digital channels and commerce to price to quote (CPQ) techology is predominating.
Many businesses have folded, thousands of jobs have been lost, but there is an upside to this - many have managed to ride the wave and come out the other side with a stronger, more resilient business model that will drive them forward despite uncertain times.
From my experience, relational governance inevitably creates an atmosphere of loyalty and trust much more easily than one that is adversarial, focusing only on punitive actions when contractual agreements are not met.
When organizations invest in process optimization, experience has shown us that simpler changes have the best chance of being implemented in full and lasting for years.
B2B buying habits have been evolving independent of the pandemic, and manufacturers must adopt strategies and technologies that also address the following ongoing trends.
Regardless of the industry, all manufacturing teams have one thing in common-mature software and equipment may support their core manufacturing processes, however, there is no such support for ancillary processes.
Does keeping an organized workplace really create a competitive advantage? DSI believe it does and here are the reasons why.
Signing a TSA before a merger, acquisition, or divestiture ensures that buyers and sellers fully understand their obligations - especially as they pertain to data management and migration, privacy, and security.
You don't need to be in a leadership position to lead. We all wield influence - whether it's within our family unit, community, business, or team. Take a look at Nadja's top tips to prepare yourself and your team for success in uncertain times.
When beginning an ISO 9001 implementation, organizations often ask whether they should tackle the project on their own or if it would be worthwhile to bring a consultant in to help accomplish the task.
Before making a decision, it's important to analyze whether making or buying optical parts and components is the best approach for your team, budget, and business goals.
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