Overseas manufacturing is challenging enough, and now more than ever we are seeing disruptions at nearly every stage of the process from availability of raw materials to logistical nightmares and port congestion. Not to mention the typical challenges related to distance, time zones, language barrier, cultural differences. And if forecasting falls...
Manufacturing nearshore doesn't have to mean you give up sourcing components in Asia. On the contrary, you may be able to save a great deal of money by utilizing both Asian suppliers and nearshore factories.
You’re looking for ways to reduce costs, streamline ordering and ensure that you never run out of product. Isn’t everyone?
Supply chain visibility (SCV) is the ability of parts, components or products in transit to be tracked from the manufacturer to their final destination. According to TechTarget, the primary objective of SCV is to improve the availability of data to stakeholders and customers alike, ultimately strengthening and improving the supply chain.Sounds...
In this day and age, it's simply not enough to state a claim of corporate social responsibility. We need to enact change. A company concerned with sustaining its marketplace must take action, and one practical jumping off point is supply chain analysis. Aim to transform your supply chain from a linear (take-make-dispose) model to a circular...
So, we're currently wandering around in the middle of the U.S.-China trade negotiations (or lack thereof). However, even before these products were subjected to new regulations, many companies were beginning to diversify their supply chain by transferring production to other Asian countries such as Vietnam. The Eastern Hemisphere has most recently...
It’s everywhere. You can’t escape it. Lead time, lead time, lead time! You’ve heard it repeatedly, but has anyone taken the time to explain to you exactly what lead time is and what goes into it?
Don’t fret, we’re here to help. It’s a complex beast, but we’ll do our best to break it down so it even makes sense to those who are just getting their...
Are you looking for ways to reduce costs, streamline ordering and ensure that you never run out of product? Uh... Is this a trick question? Of course you are!
One tried and true solution could be adopting Vendor-Managed Inventory (VMI), an arrangement between your company and your supplier to automatically replenish stock.
It's a simple process:...
Last year we wrote about preparing your company for the supply chain disruptors described in one white paper as a "tsunami of new technology."
Let’s say you’re a sourcing manager for a manufacturer. The company’s part/product is in production and things are going well. In fact, they’re going great! Things are going so great that you’re starting to get a little concerned. What happens if one of your machines goes down, you run out of a key material or some disaster — natural or man-made —...