Labor Wastage Day
I’ll admit it: After five decades watching U.S. companies turning to simplistic accounting tricks to remain profitable, I’m discouraged.
I’ll admit it: After five decades watching U.S. companies turning to simplistic accounting tricks to remain profitable, I’m discouraged.
Image: National Cancer Institute
Supply chain management is crucial to any medtech company’s ability to deliver safe, effective, and high-quality devices to their customers.
For most discrete manufacturing companies, digital transformation initiatives are underway in some capacity. They’re largely seen as table stakes in today’s economy.
Supply chain quality control is a demanding job.
In today’s highly competitive business environment, a trusted supply chain that functions seamlessly is essential. Even small errors can affect the entire supply chain, resulting in lost revenue, unsatisfied customers, and irreparable damage to your brand.
It’s increasingly common for today’s warehouse managers to pursue robotic material-handling solutions. That approach can boost productivity, reduce injury rates, and enable companies to adjust to changing demands.
Manufacturing has always had an element of matchmaking at its core. As a supplier, you want to be found quickly by original equipment manufacturers (OEMs), prime contractors, and tier one and two suppliers.
Optimizing inventory, like most problem-solving, requires a thoughtful process and a few steps. Naturally, the easiest way to prevent back orders is to always have a lot of inventory on hand. There are ramifications for not optimizing inventory, though.
With the effects of pollution and climate change more visible than ever before, it’s clear that changes are needed to minimize mankind’s impact on the environment and protect the planet for future generations.
Credit: Jonathan Ford on Unsplash
Economic practices need to change. The environmental and social consequences of unsustainable growth strategies are becoming increasingly obvious.
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