Tag Archive: nearsourcing

Collaborating on Economic Forecasts

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I met with the Claremont McKenna team that puts together the Inland Empire economic forecast last week. They are well known in the Inland Empire for being on the forefront of the economics forecast and finding ways to bring unique insights into the process. Therefore, they were interested in what I see in terms of outsourcing, nearsourcing, insourcing and other key trends in manufacturing. Economic factors can have a significant impact on your business. I learned quite a lot about this from my Director of Purchasing when I was a VP of Operations many years ago. It was simply amazing — and…
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Outsourcing, Insourcing or Near-Sourcing?

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We are managing in an Amazon-impacted world. Customers expect rapid deliveries, 24/7 accessibility and products and services tailored to their needs. Customers are not willing to wait. In fact, they prefer same-day delivery. Our manufacturing clients are experiencing lead time reduction requests from their customers. Some are requests; many are required to maintain the business. It is wide spread. Building products that clients ship within a day. Food clients ship rapidly — within a day or a week at most. Optics, industrial equipment, consumer products — across-the-board requests for shorter lead times. And even clients such as aerospace with traditionally…
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Research on Outsourcing Trends in Manufacturing

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LMA Consulting Group’s Lisa Anderson Conducts Research on Outsourcing Trends in Manufacturing Lisa Anderson MBA, CSCP, president of LMA Consulting Group, is launching a third industry research study to help manufacturers, distributors and supply chain executives identify, understand and anticipate the trends in outsourcing, nearsouring and insourcing.  On the heels of the recession and an earlier trend by business to outsource, many businesses have jumped on the outsourcing bandwagon only to reverse course and bring all or some of their production back in-house. Later hybrids of insourcing and nearsourcing have helped companies maximize total value and more effectively meet customer…
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