Organizations are often too focused on the cost and risk of changing their supply chain structures to truly vet new opportunities for cost and risk reductions. Using these five steps is a low-risk way to perform this type of evaluation.
Whether or not purchasing teams will succeed in their efforts to build strategic alliances to reduce risk comes down to how effectively they understand their supply bases through segmentation.
Ensure your team has a clear understanding of the goals, the contributors and their responsibilities, and the scope of your next program by using these three tips to build a project charter.
Our recent study of a sample of manufacturers identified why documenting and analyzing supply chain risk must be an essential part of continuous improvement.
Plan for Every Part allows you to accurately track your tools’ assets across multiple business units and cloud-based versions give managers the power to update information in real time.
Consumer demands are resulting in shorter product life cycles, requiring manufacturers to implement faster, more flexible product development processes. Use these 6 actions to maximize your efficiency and expedite timelines.
Reviewing and updating your risk mitigation and supply chain disruption strategies will help your company adapt to changes in international trade policies and prepare for volatility in the global economy.
Total Cost of Ownership will give you better overall cost in the long-run and will ensure the proper development of qualified supply partners.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.