Complexity can be a headache for supply-chain managers, says Sanjiv Karani, head of global product marketing with Cincom Systems. But it can also be a good thing. He explains why.
At a time when technological innovations offer new growth opportunities for the manufacturing sector, a lack of talent from "rising generations" threatens its future vitality, according to ThomasNet.com's Industry Market Barometer research.
Dana Stiffler, managing vice president with Gartner, explains why supply-chain talent sits at the top of executives' list of things that keep them up at night.
Additive manufacturing, or 3D printing as it's often called, is not about to replace mass manufacturing. Even though the technology is improving, the finish and durability of some printed items can still fall short of what producers require.
In good times and in bad, companies often struggle with whether or not to invest in innovation. In a recent Accenture survey, only 18 percent of chief executives at 519 companies across more than 12 industry sectors in France, Britain and the United States said their investments in innovation were giving them a competitive advantage. Forty-six percent said their companies had become more risk averse when considering new ideas. And CEOs are supposed to be the optimistic ones.
Sixty-seven percent of surveyed chief procurement officers say their departments are more focused on building collaborative relationships with suppliers than on obtaining the lowest costs, according to a survey by Consero Group, an international player in events scheduling for senior executives. The results were reported as part of its Fall 2013 Procurement & Strategic Sourcing Data Survey.
Procurement and supply chain have always been strange bedfellows in manufacturing organizations. There's a rather arbitrary dividing line between activities, which, academically speaking, should not exist in the first place, such as balancing inventory/order size with cost and risk.
Nearly half (43 percent) of UK businesses regard reducing the cost of running warehouse operations as their most critical challenge for business improvement - even more critical than speed of fulfillment.