Challenge: A specialized industrial manufacturing company was looking to hire a new transportation manager to better manage multiple transportation providers, each with their own unique billing processes.
Project-based operations that improved on-time and on-budget performance by 10 percent or more were nine times as likely to also improve dramatically on key financial metrics such as net profit margin and cost of compliance. Nearly every project-based manufacturer feels it is important for their company to improve on end-to-end project management, but less than half of the companies in project manufacturing, aerospace and defense (A&D) and maintenance, repair and overhaul (MRO) sectors with project-based operations make wide use of any recognized category of commercial software system. This includes limited use of enterprise resources planning and quality management (QMS) systems.
With protracted federal budget cuts at the Pentagon and NASA on the horizon, aerospace companies across the nation are choosing to combine forces as they vie for fewer dollars and brace for the tough times ahead.
Fujitsu UK & Ireland (UK&I), the IT systems arm of global electronics firm Fujitsu, has acquired Texas RFID software and solutions provider GlobeRanger.
A new digital presence has recently been created by AWESOME (Achieving Women’s Excellence in Supply Chain Operations, Management, and Education), the industry-wide supply chain leadership initiative started in early 2013. The launch of www.awesomeleaders.org is timed to coincide with the second Annual AWESOME Symposium on May 15, 2014, in Chicago.
The Japanese government has long banned most weapons exports. That policy helped buttress Japan's pacifism, but it also hindered the growth of the country's defense industry. Because it couldn't sell parts overseas, Japanese defense companies missed out on chances to develop fighter jets, tanks and other weaponry with the U.S. That's changing.
Tom Bacon, consultant with Revenue Optimization, discusses how supply chains can embrace the model of dynamic pricing that was pioneered by the airline industry.
The 3D printing market is expected to quadruple over the next decade to $12bn, moving from its main use today of creating prototypes to the most complex of production parts, according to Lux Research.
Boeing and its investors likely couldn't be happier with the first quarter 2014 earnings report: revenue rose 8 percent over the year-ago quarter, operating margins widened, and 2014 guidance got boost. The U.S. aerospace company ramped up deliveries for its 787 and 737 models to keep pace with demand, which in turn increased cash flow beyond analyst expectations. And a $374bn backlog of more than 5,100 aircraft guarantees that even if Boeing stopped booking new orders today it would take nearly a decade to deliver all the planes on order. But things don't appear quite so rosy in Boeing's Defense, Space & Security division.