Today’s manufacturing environment is all about eliminating waste and building efficiency into every area of the business – including purchasing – so you can offer a quality product at competitive prices. But if you’re still using outdated purchasing processes, it can lead to problems on the shop floor that affect workflow, customer relationships and the company’s bottom line.
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Speed and accuracy of response is often the difference between winning and losing new business. For manufacturers, this is most clear when estimating or responding to new bid opportunities. Your business must be able to react quickly and quote accurately to gain a competitive edge.
Manufacturers and industrial companies involved with complex or capital equipment are by nature project-oriented. For all project manufacturers, they must maintain profitability, which is a challenge, but is sometimes even more difficult
Being able to provide product and lot traceability has become a critical requirement in the food & beverage industry. Food safety regulations mandate that companies have in place quality control plans and documented procedures, while customers may demand that lot traceability be demonstrated to as part of a supplier audit, to ensure recalls can be managed effectively.
Managing reverse logistics and depot repair, or all operations related to the reuse of products and materials, is a growing challenge for B2C and B2B manufacturers, retailers and service organizations. Despite the difficulties, addressing reverse logistics issues should be a priority for any product-based service business engaged in aftermarket repair services.
Thanks to the steady progression of technology adoption in manufacturing, significant changes are already apparent in the results of a primary research study of 200 industrial executives in North America.