There are significant opportunities for companies to grow as they expand manufacturing in the U.S. to mitigate risk in the global supply chain, support the significant rise in mining and commodity businesses to fuel electronics and artificial intelligence and take advantage of rising consumer sentiment, reduced tax rates, and the improving economy.
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.
Why MRP Isn't Fully Utilized As we pay attention to trends across our clients and prospective clients, we are noticing a lack of understanding of why MRP (material requirements planning) isn't being fully utilized as depicted in our article "Case Study in Fueling Productivity, Profitability, & Performance with ERP [...]
Success or failure will depend on your talent. If you wait for stability to invest in talent, your competition will pass you by.
Supply chain is in a state of volatility, uncertainty, complexity, and ambiguity (VUCA). Whether you look at the impacts related to wars and chokepoints throughout the world, the uncertain economy and resulting backlogs, or the uncertainty of the reliability of key sources of supply [...]
Talent is such a critical topic that we will keep our eyes and ears out for unique strategies and fresh ideas for success.
No client has enough high-skilled talent. In fact, it is the single largest issue facing executives. The skills gap is severe for high-skilled roles. Yet any company that wants to succeed is automating, digitizing, and utilizing advanced technologies such as robotics, additive manufacturing, and predictive analytics.
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.
In manufacturing and supply chain, AR (augmented reality), VR (virtual reality) and digital twins (digital representation of an intended or real-world physical product, system or process) are a few exciting opportunities with a multitude of uses.
Most clients do not have as much talent as they need (at least in key roles or sites). Similar to inventory, many clients might have talent but do not have the type of talent in the right place (or available) at the right time. Classic challenges!
