Using Data to Your Advantage During a Downturn
With experts reporting that the manufacturing industry is headed toward recession, what can you, as a manufacturer, do to mitigate the upcoming damage? In a recent article for Forbes, Louis Columbus discusses how manufacturers can employ a data-driven strategy to achieve growth, despite uncertainties. Columbus recommends that manufacturers try the following methods: Improve their aftermarket […]
Navigating Growth in the Face of Uncertainty
Operating a manufacturing company in the midst of a trade war is tough. In a recent article for Industry Week, authors Jeff Jorge and Brian Simpson offer some tips for continuing to pursue manufacturing growth despite economic uncertainty. They recommend the following: Pursue supply chain partners in countries not involved in the trade war. Search […]
CHANGE: How to Improve Your Supplier-Distributor Relationship
For manufacturers, distributor relationships are key. They can have an enormous trickle-down effect on other key relationships. In a recent article for Thomasnet, Brittany Asciolla discusses how manufacturers can improve their supplier-distributor relationships. The first step is to fully understand the issue at hand. B2B buyers want to buy online, and they want to do […]
Change Starts at the Top
Change is often key to a manufacturer’s ability to remain successful. Unfortunately, resistance to change often starts with top management, explains Paul Vuolle in a recent article for Industry Week. The key to successful change, then, is buy-in on the top level. Company leaders need to be on board with committing to and implementing change. […]
Using New Technology in the Manufacturing Workplace
As augmented reality and virtual reality technology becomes increasingly advanced, its applications to a variety of sectors grow. Manufacturing is no exception. In a recent article published by Manufacturing.net, author Jonathan Wilkins examines various applications of VR and AR technology within the manufacturing industry. Improved Production – Using VR technology to perform predictive analysis can […]
Using Data to Build a Big Picture of Your Manufacturing Firm
As technology advances, data is becoming more and more readily available. While most manufacturers understand that data is available and can be put to good use, they struggle when it comes to figuring out how to do so. In a recent Forbes article, author Lisa Caldwell offers advice on how to use data as a […]