Challenge: A global $4B Aerospace & Defense manufacturer was challenged by its executive leadership to reduce their product costs to protect profit margins and create greater flexibility in pricing. A cost reduction project was launched, targeting their machined parts, one of their largest direct materials costs.
The Defense Logistics Agency partners with LMI in a unique effort to get a handle on those difficult items with high demand variability. A finalist in the 2013 Supply Chain Innovation Award competition of CSCMP and SupplyChainBrain.
The U.S. has seen a substantial portion of its manufacturing base eroded by cheap overseas production. American workers blame free trade. So why should we speed up the process?
Was there ever a time when trade wasn't a polarizing subject? Judging from the endless debate, it's either the key to economic prosperity, or a catastrophe for the common worker. There seems to be no middle ground.
Is the forecast really dead? Should companies instead shift their focus to acquiring the ability to respond quickly to whatever happens in markets? A SupplyChainBrain Power Lunch discussion with Jim White, vice president of central operations with Applied Materials; Jake Barr, chief executive officer of Blue World Supply Chain Consulting; and C.J. Wehlage, vice president of high tech solutions with Kinaxis.