Tag: manufacturing

Extended LEAN

Lean Supply Chain Perspective Required for New Normal

The global pandemic and the disruption of foreign production is driving many manufacturing organizations to explore re-shoring of raw material sourcing, product components and finished goods. In our conversations, we are finding that C-Suite leaders are spending as much as half their time focused on solving issues in their network. Bringing production closer to the manufacturing base improves geographical access and mitigates the risks associated with an overseas failure.

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cash to cash

Use Logistics to Compress Cash-to-Cash Cycles

If you want to see CEOs and CFOs sit up and take notice during one of our presentations, demonstrate how a robust logistics solution compresses cash-to-cash cycles by expediting product to the end consumer and shrinking their days sales outstanding (DSO). That’s language the C-suite understands.

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coronavirus

From Micro to Macro: The Effect of Social Distancing on the Supply Chain

As the nation begins the process of reopening after the COVID-19 pandemic, there’s a lot to look forward to. Friends will assemble once more, and we’ll be able to gather at our favorite places to eat, drink and socialize. One challenge in all this togetherness: everyone will be doing it at least six feet apart. Businesses are preparing now for that change.

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coronavirus

Indirect Supply Management Matters in Today’s Environment

As companies adjust to life altered by the novel Coronavirus outbreak, manufacturing is one of the hardest-hit sectors of the economy. In addition to being asked to adapt their assembly lines to produce personal protective equipment, their supply chains are being challenged from multiple sides. From a Maintenance, Repair and Operations (MRO) and office supplies standpoint, a number of essential items they once relied on are being challenged like never before.

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indirect spend

Examine Indirect Spend to Drive COVID-19 Cost Savings

In times of crisis, immediate challenges that jeopardize your ability to operate and serve customers deserve your central focus. While apparent pain points get quick reactions, the underlying business activities that support your ability to function can’t be overlooked.

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best practices

7 Pitfalls Imperil Indirect Spend Management

Indirect Spend presents complex challenges but brings opportunities for increased efficiency and cost control. Managing this expense area becomes more difficult due to the nature of indirect sourcing: smaller average supplier spend, more suppliers, maverick spend, and a more complex stakeholder environment.

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