Prime Advantage Blog

Conquer Supply Chain Management with This Checklist

Posted by Dan Grant on Apr 28, 2017 2:30:00 PM

At the recent Prime Advantage Spring Conference, supply chain expert Dr. Russell Morey held a professional development session tackling the current issues in purchasing and supply chain management. According to Dr. Morey, the skillset required to be successful in this arena is changing. More than ever before, a premium is being placed on analytical, negotiation, and conceptual skills. Procurement professionals need to be adept at understanding costs, navigating supplier relations, and have a firm grasp on domestic and global markets.

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Topics: Supply Chain

How to Ensure Your Employees Stay Safe in the Workplace

Posted by Guest Contributor on Apr 25, 2017 2:05:00 PM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Emily Roberts discusses how businesses can overcome the challenges of employee safety.

Employees are a valuable asset to every business, thus caring about their welfare and ensuring the workplace is safe for them is essential. If an accident occurs, not only will you be losing an important asset, but you could also get into legal trouble.

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Topics: Talent and Leadership

The Benefits of Renting vs. Buying Material Handling Equipment

Posted by Guest Contributor on Apr 20, 2017 10:15:00 AM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Tim Neroni, President and Managing Partner at KMH Systems, Inc., discusses what to consider when deciding whether to rent or purchase material handling equipment.

Material handling equipment is an absolute necessity for modern businesses to stay competitive and increase worker productivity. Forklifts come in many varieties and have a range of capabilities and prices, but their fundamental purpose is to allow workers to move inventory quickly and efficiently.

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Topics: Manufacturing

Managing Your Boss: How to Get the Support You Need in 10 Minutes a Week

Posted by Guest Contributor on Apr 13, 2017 2:05:00 PM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Karin Hurt, CEO of Let’s Grow Leaders and author of Winning Well, discusses how to get the most out of your limited time with your manager.

When's the last time you had a really great one-on-one with your boss? If your answer is anything but "in the last 2 weeks," you're not alone. A great cadence of good one-on-one meetings is unusual. Why? Well first, everybody’s busy. It's easier to cancel a meeting with a direct report than with your boss. Or perhaps, your one-on-ones drag on, lack preparation, or generally feel like a waste of time.

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Topics: Talent and Leadership

What to Know When Considering Volume LTL Shipments

Posted by Guest Contributor on Apr 11, 2017 10:50:00 AM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Neal Willis of ReTrans Freight, discusses the pros and cons of shipping volume LTL.  

For most carriers, shipments begin to meet the cubic capacity limits around 750 cubic feet, which is roughly around 7 pallets and/or 6,000 lbs. When freight begins to approach these dimensions, it’s always wise to check LTL carrier volume rates for further options. Even though it doesn’t fill an entire trailer, shippers sometimes opt to send these moves via full truckload as a more economical alternative. Volume LTL is often overlooked as a cost-effective option and offers several advantages over full truckload or regular LTL.

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Topics: Industry News

U.S. Manufacturers are Exceedingly Optimistic About Business Growth

Posted by Mike McDonald on Apr 6, 2017 1:15:00 PM

Prime Advantage recently released the findings of its ninth edition of the CFO Survey, revealing the current and future financial health of midmarket manufacturers across a variety of sectors. The results show that optimism in manufacturing among our Members is at its highest levels since the annual survey’s inception, as well as the most positive outlook for the economy in years.

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Topics: Manufacturing, Industry News

Is Your Company's Cybersecurity Unprepared?

Posted by Alison Chebuhar on Apr 4, 2017 1:45:00 PM

The Internet of Things (Iot) and smart devices have made our lives a whole lot easier. We can put a pot of coffee on, adjust the room temperature, and turn on the lights, all as we’re pulling up to our driveway. In the workplace and on manufacturing plant floors, smart machines connect to each other to create harmony in production, use thousands of sensors to make modifications in real-time, and can even repair themselves. At the rate technology advances in the modern age, the present seems more like that future than ever before.

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Topics: Industry News, Analytics and Technology

U.S. Healthcare: Where Do We Go from Here?

Posted by Mike McDonald on Mar 29, 2017 2:45:00 PM

“You have to address behavior or you cannot reduce costs.” That was the overarching sentiment at the inaugural Prime Advantage Healthcare Summit, held in Washington, D.C. The Summit brought together healthcare legislation architects and experts, members of previous presidential administrations and transition teams, as well as business leaders in manufacturing, all for an inside look into healthcare policy and solutions to subjugate rising costs.

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Topics: Buying Groups and Group Purchasing Organizations, Healthcare

What to Do When Your Engineering Resources are Limited

Posted by Dan Grant on Mar 21, 2017 2:00:00 PM

When a company’s engineering department is being stretched to its limits, this can have a debilitating effect on the organization. For one, this constrains the number of projects that can be in full-process at any given time. This in turn stifles production and innovation, which can weaken a company’s bottom line and decrease its competitive advantage. Limited engineering resources also leads to engineers having to work on administrative tasks rather than being able to stay dedicated to their core manufacturing competency. This creates a ripple effect throughout the organization as procurement isn’t able to source in the most effective way possible without thorough feedback from engineering. This causes management and executives to find themselves in a constant state of scrambling to assess where resources should be imperfectly allocated.

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Topics: Manufacturing, Procurement

3D Printing and its Disruptive Abilities

Posted by Guest Contributor on Mar 14, 2017 10:30:00 AM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Matthew Murray of Notable discusses the impact 3D modelling may exert on the manufacturing industry.

The term “disruptive” simply means “to change the normal way of doing something, interrupt the normal progress of something, or to turn order into disorder.” So what makes a process or an invention disruptive?

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Topics: Manufacturing, Industry News

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