Business and profits can increase in the coming year, new products can soar to unexpected heights, inventories can shrink (in a good way) and productivity can reach an all-time high. Now here’s the bad news: none of these things will be delivered into the stocking hung on the fireplace mantel by some jolly fat man in a soot-stained red suit.
All manufacturers have inventory—in the warehouse, in the plant, and in the supply chain. And they want to reduce inventory while avoiding shortages. The key is knowing which inventory is needed and where. The “what” and “where” are as important … Continued
Advice and Assistance for Manufacturers.
In many ways, Labor Day marks the beginning of a new year. Of course school starts up again after summer recess, but September can also be a time to initiate or re-start improvement activities at work.
While there are considerable regulatory, special-interest, and market-driven pressures to go green, companies are unlikely to do much more than the bare minimum unless there also are good business reasons to do so. That is especially true in these times of economic … Continued
As the United States struggles to climb out of the recession, the manufacturing sector has been particularly strong, leading the way with increased output and solid sales and profits.
One of the principles of lean operations is to keep the work area clean and organized — and it’s not just for aesthetics.
Several years ago, it was almost fashionable to outsource to low-wage areas of the world to reduce costs. Business leaders developed the mind-set of “off shoring is always cheaper:’ and they scarcely looked beyond unit cost plus transportation.
Reprinted from Portsmouth Herald / Seacoastonline.com –10 February 21, 2011.
Recent reports from the U.N. and several industry associations indicate that China may have overtaken the United States as the world’s top producer. For as long as anyone can remember, the United States has led the world in industrial output — by a large margin. Over the last few years, however, Chinese production has been soaring while United States output has increased at a relatively modest pace.
Advice and Assistance for Manufacturers
News reports this week are highlighting the relative good health of the manufacturing segment. Most prominently, the Institute for Supply Management index for January came in at 60.8, the 18th straight month that this measure has indicated expansion (above 50).
The 2010 APICS International Conference & Expo is being held this week, October 18-20 at the Wynn in Las Vegas, NV. The General Session on Monday featured LT. General Russel L. Honoré who spoke about leadership in an uncertain time. … Continued