While vast "smart products" opportunities are allowing many high-tech companies to grow and lower their cost of goods sold, 57 percent do not have access to reliable product genealogy information, and 72 percent believe their product data is less than 80 percent accurate.
Factories don't just make things. Viewed properly, they are where the rubber of corporate strategy meets the road of the marketplace. Ideally, then, a factory should operate in alignment with competitive business priorities: in short, it should be focused. When a business tries to group too many different products, markets, and technologies into the same manufacturing facility, performance and productivity suffer.
Analysis of 2013 and 2014 holiday sales data on 300,000 products indicated more sophisticated retail product management, higher quality merchandise offered at discounted prices, and promotions extended after the holiday season, suggesting a promotion trend retailers are likely to apply for the 2015 holidays and beyond.
The aerospace and defense (A&D) industry is experiencing a prolonged surge in growth. Factors include robust demand in new and emerging markets, as well as increased exports of military equipment. Along with these promising new opportunities, however, comes a fresh set of supply-chain challenges.
Some 51 percent of North American supply chain executives say that developing a sustainable supply chain is a strategic priority, according to a survey from West Monroe Partners, a business and technology consultancy.
United States Gypsum Co. has relied on Transplace for third-party logistics services for 14 years. Craig Boroughf, senior director of global sourcing with U.S. Gypsum, and Frank McGuigan, president of transportation management with Transplace, explain why the relationship has been a success.