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Skills Gap: Why It’s Creating New Manufacturing Opportunities

GlobalTranz

manufacturing industry faces a serious crisis, the skills gap. Unfortunately, the skills gap only appears to be growing worse, but it is creating several groundbreaking manufacturing opportunities. . Millennials have grown up in an era of digital advancements, including smartphones and advanced computer skills. In the U.S.,

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

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Selling Your Service Business: What Matters Beyond Valuation

WorkWave

Sources cite the resiliency of essential services , predictive recurring revenue and business model growth opportunities enabled by technology, training and development as being reasons behind the interest. WorkWave: What parts of your business bring the most value to the buyer? How do you know your company is ready?

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

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Maximize Ecommerce Supplier Relationships

Ship Monk

So much attention is paid to negotiating the price of the goods and coordinating the delivery that very little thought goes into the quality of the relationship and how improving it might help you both. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. The last time they raised prices?

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Supplier Risk Management: 4 Things To Look Out for During On-Site Evaluations

GlobalTranz

” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. While on-site evaluations aren’t required, visiting your carriers can help you build better relationships, improve communication, and improve supplier risk management skills.

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Supply Chain Talent Matters More than Ever

Logistics Viewpoints

It is not just about training people in their current role, but it’s also about developing people to the maximum of their potential. A skills assessment survey was done to measure potential gaps against a pre-determined skills matrix. Based on the findings, a skills enhancement program was created.