Inventory is often considered the most valuable category of assets on manufacturers’ books. Since it has its downsides—tying up large amounts of cash and sometimes diminishing in value—it is common practice to minimize inventory as much as possible without hurting customer service levels.
The 3rd Annual MAPI Supplier Relationship Management Forum is designed specifically for senior SRM managers and directors across manufacturing.The goal of this one-day forum is to bring together purchasing executives to share best practices in a candid, closed door, idea exchange.
The one-day event will give participants the opportunity to hear presentations from leading cybersecurity experts and manufacturing executives. All attendees will leave better equipped to confront the escalating landscape of threats.
This paper compares Germany’s Industrie 4.0 with the Industrial Internet Consortium (IIC), both of which advance the Internet of Things. The German approach supports the country’s industrial SMEs in their future adoption of cyber-physical systems while the scope of IIC research stretches beyond manufacturing to include other sectors. The German project is part of government-funded industrial policy whereas the IIC is driven by private companies and research institutions from many countries.
Innovation is a driving force at many manufacturers as they try to compete in today’s markets. Companies are starting or expanding innovation programs and processes that in some cases involve every employee.
In recent years, U.S. manufacturing growth has been virtually stagnant. Are things finally on the rebound? While the manufacturing picture is modestly improving, a range of issues and risks stand in the way of a return to full factory-sector health.
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