Honor your team members. Manufacturers have no hope of scaling up to meet the surge coming down the pike without the engagement of their teams. Excitement is building as high tech meets high touch in manufacturing, and the best companies see their talent as a strategic asset.
Common sense is uncommon. Lately common sense seems to be in short supply. However, it is worth pursuing as there is a powerful return on investment (ROI) in using common sense.
Although we talk about the value of the backup to the backup all the time in supply chain circles, when the rubber meets the road with the costs of the backup, it can be seen as excessive.
Wishing family, friends, clients, and colleagues a Happy Thanksgiving!
You would have to be hiding under a rock to not hear that the market sold off. The S&P 500 sold off 3%; the Dow tumbled 1,000 points, and tech company leaders lost a combined $1 trillion intraday (recovering almost half later in the day).
There are many strategies to achieve innovation success. Here are a few that come to mind.
Talent is such a critical topic that we will keep our eyes and ears out for unique strategies and fresh ideas for success.
In the last month, clients have been proving the critical importance of SIOP (Sales Inventory Operations Planning), also known as S&OP or IBP (Integrated Business Planning) time and again.
In the last month, there has been a flurry of ERP related discussions. A client went live on an aggressive timeline with an ERP system with little to no data migration as there simply wasn't time.
Manufacturing is making a resurgence in the U.S. and other countries around the world. According to the U.S. Bureau of Labor Statistics, there is a shortage of 550,000 stable manufacturing jobs to be filled in manufacturing businesses nationwide.
