Prime Advantage Blog

Dan Grant

Daniel Grant is the President of Prime Advantage, a Chicago-based Group Purchasing Organization for mid-market manufacturers.
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Recent Posts

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

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

The Top Global Risks Affecting Procurement Today

Posted by Dan Grant on Jan 31, 2017 11:15:00 AM

Procurement professionals are always striving to not only make better decisions, but to make them more rapidly. The level of intelligence purchasing departments can attain on precisely where supply chain risks lie, as well as on the most cutting edge solutions to dealing with them, will dictate how successful they are in reaching these goals. According to Spend Matters, as supply chains become increasingly global, the possible threats become more and more of a moving target.

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Topics: Industry News, Procurement

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

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

The Easiest Way to Expand Your Procurement Network

Posted by Dan Grant on Sep 28, 2016 2:30:00 PM

One of the biggest challenges purchasing professionals are met with every single day is locating enough resources to meet the demands of the job. It seems like procurement is being asked to do more and more each passing year, causing it to further stretch the resources it currently has at its disposal. Buyers are then forced to come up with creative and innovative methods to corral this predicament. Some of the savviest procurement professionals will tell you, the easiest way to get some much needed help is to join a group purchasing organization.

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Topics: Procurement

4 Steps to Scaling Your Business

Posted by Dan Grant on Aug 16, 2016 1:12:05 PM

When it comes to business, we like to think that bigger is better. Goals of a bigger customer base, bigger revenues, and bigger profits, drive most of the strategic decisions any company makes. As long as an organization doesn’t bite off more than it can chew and can handle the increased load without sacrificing quality or service, then let it snow, let it snow, let it snow. So if capacity is not an issue, how do we go about expanding our company’s breadth while pumping up that bottom line?

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Topics: Talent and Leadership

6 Stages of Strategic Sourcing

Posted by Dan Grant on Aug 2, 2016 2:00:00 PM

Strategic sourcing can make or break your business and finding the right suppliers will require research, meeting with the vendors, and even a certain amount of trial and error. In order to foster the best strategic sources more quickly, there are some general steps that will outline the path to follow:

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Topics: Strategic Sourcing, Procurement

Is Your Supply Chain Risky Business?

Posted by Dan Grant on Jun 28, 2016 9:41:24 AM

Everyone's comfortable with a different amount of risk. Some of us really like to throw the dice while others of us keep those little red cubes tightly clutched in our palms. And depending on the situation, our risk aversion can fluctuate substantially. When the stakes are high, like wearing a seatbelt, we make sure to buckle up tight. When the stakes are low, like jumping over a puddle, we let loose and go airborne. Well, one area many procurement professionals could use some help "buckling up" is mitigating risk in the supply chain. And this needs to be addressed at the onset of the relationship with the supplier, otherwise it may be too late to tame once all the wheels are in motion.

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Topics: Supply Chain

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