There are many articles about the problem of America's "skilled worker shortage" and why we need advanced training; but most don't define or explain what they mean by "advanced training."
Balancing daily operations and long-term strategy is at the forefront of every chief financial officer's mind, and in a business environment that is often riddled with a multitude of daily challenges and high demands on time, a focus on long-term success is required to maintain a company's competitive edge.
Once you have your lean journey underway, how do you sustain it? How do you build it into the bricks and mortar, and the DNA, of the organization? We no longer want lean to be its own thing; we want it integrated into the organization.
Applying leverage in negotiations results in a zero-sum outcome where one side wins and the other side loses. This typically means that the winner ends up with somewhat more than 50 percent of their hoped-for result and the loser gets somewhat less than 50 percent since, just as in sports competitions where the potential results are win-lose, lose-win and tie, the use of leverage doesn't allow for combined outcomes above 100 percent. Zero-sum outcomes not only create a relational imbalance, they create hard feelings. People who lose in one negotiation often do their best to turn the tables the next time such that they win - and you lose.
U.S. manufacturing executives have an opportunity to make their factories even more competitive through parts and components de-costing programs. De-costing is simply a term that refers to removing cost from operations period-over-period. Parts and components usage is a great place to focus because improvements can provide such clear returns.
Manufacturing executives like what they are seeing on their balance sheets, are increasingly confident about the U.S. economy and plan to do more hiring and operational spending in the year ahead, a new survey from PwC US reports.
The U.S. manufacturing industry is in the midst of a comeback. Manufacturers are gladly shifting from securing demand to meeting demand. However, reworking the U.S. transportation infrastructure is essential to the success of this progress.
Spend any amount of time working with supply chains, and one thing becomes clear: The traditional environment of the supply chain is mostly one of competition. That's because, in an effort to earn a customer's business and meet their demands, suppliers are often pitted one against the other to offer the lowest cost possible. But when it comes to overall success of the supplier/client relationship, this short-term competitive approach leaves untapped opportunities in terms of improved quality, cost and lead time, as each along the chain pursues what's best for themselves as opposed to what's best for the whole.
The road to creating user-friendly, science-backed, technology-enabled supply chains is paved with good sustainability intentions that get foiled by today's dynamic, global complexities. Achieving sustainability of scale requires involvement of the entire supply chain. To meet the needs of customers and markets, manufacturers need up-to-date and accurate information about their suppliers' materials and components.