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Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. For example, China+1 strategies, where companies retain some suppliers in China but also establish relationships in Vietnam, India, or Mexico, can provide flexibility in the face of shifting tariffs.

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3 Tools to Minimize Waste: A Boon to Lean Manufacturing Strategies

GlobalTranz

Most of the manufacturing industries have already incorporated lean manufacturing strategies to undermine the non-additive materials from their products. The 3 Most Important Tools for Lean Manufacturing Strategies 1.) Lean manufacturing is one of the leading waste minimization technologies inside a manufacturing industry.

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Bridging the Manufacturing Skills Gap on the Plant Floor

GlobalTranz

In other words, the manufacturing skills gap is brewing a cauldron of dangers and profit losses, and you need to understand a few things about bridging the gap in factory settings. Training Can Be Part of Workforce Development Strategies. The role of training in the factory remains a top factor for bridging the skills gap.

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[INFOGRAPHIC] The End of Made In China Manufacturing

GlobalTranz

Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern coastal China the world’s factory floor. However, it seems the end of the Made in China manufacturing era may be in sight. Labor Costs Driving an End to the Made in China Manufacturing.

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4 Key Trends to Watch in Smart Manufacturing and Supply Chain

GlobalTranz

AM has the potential to move manufacturing from mass production in large factories with dedicated machining and tooling lines to an era of mass customization and distributed smart manufacturing. Real time communication between machines, factories, logistic providers and suppliers provides improved visibility on the end-to-end supply chain.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

GlobalTranz

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Increasing order efficiency. Demand forecasts. The quantity of each product.

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[INFOGRAPHIC] 3 Core Supply Chain Management Trends Gearing Up to Change SCM Forever

GlobalTranz

Participants ranged in roles and company sizes with questions that spanned a variety supply chain management trends of topics such as visibility, factory-of-the-future technology, the Internet of Things and more. ” SCM Core Trend #2: The Manufacturing Factory of the Future. But how does it work in industry?