Tag Archive: supply chain partners

A Systems Checkup

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Early in the year is the appropriate time for a systems audit. Do you and your have clarity on your current processes. Take the time to see how your processes interface with all areas of your organization.
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VMI – Supply Chain Collaboration on Steroids

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Supply chain collaboration is in vogue. Customers have figured out that if suppliers have access to more information on what they need and what is important to them that they’ll typically do a better job of meeting those needs. Suppliers have figured out that the more they understand customers, the more likely they’ll be able to delight them while minimizing spending. And this type of thinking carries over to your suppliers’ suppliers and customers’ customers and all supply chain parties in-between such as transportation and logistics partners, trusted advisers and more. So, what are some of the ways supply chain…
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New Survey Says Manufacturing Key to American Prosperity

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According to a survey by Deloitte and The Manufacturing Institute, more than three quarters of Americans surveyed believe the U.S. should invest in the manufacturing industry. Nice to see what I see on a daily basis come to life and gain momentum! Specifically, more than 80% see manufacturing as vital to America’s livelihood, 76% believe the U.S. needs a more strategic approach to developing its manufacturing base and 90% believe manufacturing jobs will require a higher level of technical skill. Interestingly, the overall public ranked manufacturing 3rd, just after technology development centers and health care facilities, in terms of the…
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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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Trump’s Major Increase in Defense Spending and Related Impacts

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Trump has proposed a rather dramatic increase in defense spending. His proposed $20 billion boost in military spending isn’t pocket change and will have a dramatic ripple effect on manufacturers across-the-board. It doesn’t matter what gets approved in the end — the direction is clear. How will defense spending impact your business? Waiting for final approval before considering how to leverage this opportunity seems foolhardy! FYI I love the picture below as it reminds me of one of my all-time favorite shows, JAG. What Should We Consider and/or What Impacts Could Arise? When military spending increases, defense-related manufacturing booms. It…
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Mexican Gas Prices Soar

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The Mexican government took away subsidies on gas, and so prices soared in the New Year. A 20% hike in gas prices has spurred on protests, looting and chaos at border crossings. Although the objective was to let the cost of fuel adjust to the market, the gasolinazo (which is how the price hike is known) is anything but just a market adjustment in the eyes of the people. They are not happy! It is already creating havoc in the Mexican supply chain. What should we be thinking about to stay on top of this supply chain trend? What Should We Consider…
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Navigating the Global Supply Chain Starts with People

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At APICS Inland Empire’s recent executive panel and networking symposium on “Navigating the Global Supply Chain”, we had some intriguing discussions on the hot topics in global supply chains. Wouldn’t you know, even with a complex, technical topic like this one, people are #1! Start with your employees. As I said while leading a webinar on “Onshoring Profits” earlier today, I’ve never seen “happy customers” with “unhappy employees”. Have you? Thus, clearly starting there is cornerstone in navigating the supply chain. However, this step is not enough. We must expand to collaborating with your supply chain partners. Your supply chain…
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Success or Failure? Collaboration Is Key to Success

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How important is collaboration to project success? Several years ago, it was important but not critical; however, within the last 5-10 years, it has become a cornerstone to success. In today’s Amazon-impacted world, customers have higher expectations of rapid turnaround, 24/7 accessibility, and increased levels of service. These expectations drive complexity. Additionally, we are in a global economy. Executives are hard-pressed to find a product sourced solely from the country of origin. Most likely, at a minimum, your suppliers’ supplier will be from another country. On the customer side, typically, those who export grow sales more rapidly than those who…
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8 Hot Trends in Supply Chain

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It has been a week of supply chain immersion. We were knee deep in supply chain trends at MCIE’s manufacturers’ summit, the Supply Chain Summit and the APICS-IE executive panel and networking symposium on emerging supply chain trends. It goes to tell you that it is a hot topic! For a company to be successful, the supply chain cannot be overlooked. As always, it is important to keep our ears open for trends and watch-out’s. Certainly the latest trends were discussed at each event. What were most interesting were those trends in common among all events and speakers: Speed: With Amazon…
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SIOP beyond Borders

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SIOP (Sales, Inventory & Operations Planning) is one method to align demand with supply while also aligning the various functions within an organization to deliver strategic objectives and maximize business value. As popular as it is becoming, I think we must challenge ourselves further with SIOP beyond borders. Although it certainly can mean the interconnectivity in today’s end-to-end supply chain, it also can simply mean the connectivity and alignment among supply chain partners. For example, as we connect our customers with our suppliers, our IT partners with our customers’ requirements and the like, we gain a distinctive advantage in the…
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