Prime Advantage Blog

Warehouse Resolutions to Implement This Year

Posted by Guest Contributor on Jan 19, 2017 11:00:00 AM

Prime Advantage has invited industry experts to share insights on the present and future of achieving success in manufacturing and business. In this post, Tom Reddon of National Forklift Exchange, discusses how manufacturing organizations can improve their warehouses.

Working in the warehouse can be a tough and difficult job. At times, many warehouse operations may seem to be overwhelming. Make it a resolution this year to make your warehouse a better one. There are many steps you can take to achieve such an objective. Reinforcing safety principles, promoting teamwork, and implementing automation are just a few ways any organization can drive continuous improvement in their day-to-day warehouse operations.

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Topics: Manufacturing

Why We Are Failing Faster Than Ever (Part 2)

Posted by Guest Contributor on Jan 17, 2017 3:00:00 PM

The Case for a Revolution in Supply Chain Management

Prime Advantage has invited industry experts to share their insights on the present and future of manufacturing success. In this post, Chad Smith of Demand Driven Institute discusses the new approaches that must be implemented for supply chain management success in today’s marketplace.

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Topics: Supply Chain, Industry News

When Does Product Sourcing Become Ideal for an Organization?

Posted by Guest Contributor on Jan 10, 2017 1:00:00 PM

Prime Advantage has invited industry experts to share their insights on the present and future of manufacturing success. In this post, Shruti Agrawal, Director at Excella Worldwide, discusses how to be more strategic with product sourcing.

A lot of companies outsource services for a host of benefits, and product sourcing works on similar grounds as that of sourcing customer service, as well as operations. Product sourcing is much like outsourcing, but what is being procured from overseas is a product or products manufactured by partnered wholesale companies.

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Topics: Supply Chain, Strategic Sourcing, Procurement

Our Emotional Intelligence Holds the Key to Our Success

Posted by Mike McDonald on Jan 6, 2017 2:00:00 PM

Everyone’s familiar with what intelligence quotient (IQ) is, and probably hopes his or hers is off the charts. But it turns out, a person’s emotional quotient (EQ) is even more predictive of one’s success. Emotional intelligence is the capability to accurately assess your own emotions, as well the emotions of others. And then to manage or adjust your conduct based on this assessment in effort to achieve your goals. Studies have shown that people with higher EQs also have greater job performance, leaderships skills and overall mental health.

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Topics: Industry News

How Procurement Teams Can Cut Through Process Complexity

Posted by Dan Grant on Jan 3, 2017 10:50:00 AM

How can purchasing departments stop adding to the densities of procurement and better leverage technology and skills to make the whole process less difficult? That is the million dollar question that Procurement Leaders explores in its 10-part series, “Making Procurement Simple.” Never before have purchasing professionals been called on to do so much with this level of ambiguity on which routes to take to get it all accomplished. This often leads to solutions that create more questions than they answer and add more tasks than they subtract.

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Topics: Procurement

How Artificial Intelligence Will Revolutionize Manufacturing

Posted by Dan Grant on Dec 23, 2016 1:08:56 PM

“We have this tendency to make things smarter and smarter,” so says, digital visionary, Kevin Kelly, in his recent TED Talk about how artificial intelligence will spawn the next industrial revolution. Artificial intelligence is already doing many tasks way better than a human can do today. It’s analyzing x-rays in hospitals, combing through legal documents, and flying planes, all more effectively than we can do ourselves. It gives us the ability to think differently which in turn leads to new creations and new jobs.

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Topics: Manufacturing, Industry News

Is Your Procurement Strategy Long Overdue for a Reboot?

Posted by Mike McDonald on Dec 20, 2016 2:15:00 PM

The days of procurement being able to successfully hammer suppliers down solely on price are long gone. In many cases, vendors are operating at bare minimum profit margins so there just isn’t any additional juice to squeeze out of pricing. But that doesn’t mean there is any less of a premium on saving every last dime for purchasing departments at their respective companies. So where can procurement turn to keep satisfying this thankless part of the trade? According to Supply Chain Dive, the biggest opportunity for savings in the future lies in increased focus on transactional costs.

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Topics: Procurement

Bizcast HQ’s Interview with Prime Advantage Chairman and CEO Louise O’Sullivan

Posted by Alison Chebuhar on Dec 15, 2016 11:15:40 AM

Bizcast HQ, the video showcase hub that features companies to watch, recently sat down for an interview with Louise O’Sullivan, Chairman and CEO of Prime Advantage. A variety of topics were discussed, including, how group purchasing organizations can help with strategic sourcing, alleviating the rising costs of healthcare, as well as one very important piece of business advice.

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Topics: Buying Groups and Group Purchasing Organizations

10 Quotes That Will Inspire You and Your Business

Posted by Joe Ptak on Dec 9, 2016 4:15:00 PM

Everyone loves a good quote. We inhale them, forward them to friends, and post them on social media accompanied by comments like, “This.” They sum up exactly what was just on the tip of our tongues. They can explain why we did something, but most often, what we’ve been meaning to do. And more than anything, they challenge us. Not just to pass along, not just to digest, or enjoy, but on how to aspire to live. Which, takes a whole lot of effort. So therein lies the challenge -- to extend the kernels of wisdom past the moment of when we’re just reading them. To be inspired to act the next day, and the next day, and then next day after that. To keep the thoughts sitting at the forefront of our minds and not just in the notes on our phones.

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Topics: Talent and Leadership

The Emergence of the New Supply Chain Leader

Posted by Dan Grant on Dec 6, 2016 2:15:00 PM

At the Prime Advantage Fall 2016 Conference, professor Steven A. Melnyk of Michigan State University presented on the new type of leader required for the supply chain of the future. According to Melnyk, today’s supply chain is a result of investments made in the past. However, tomorrow’s supply chain will be a result of investments made today. And to make sound investments, we must be able to improve on our ability to forecast and project.

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Topics: Supply Chain, Industry News

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