Prime Advantage Blog

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

How Employees Can Subdue Rising Healthcare Costs

Posted by Mike McDonald on Nov 30, 2016 9:45:00 AM

Healthcare premiums are increasingly putting more and more of a financial squeeze on employers and their employees. It’s clear that proactive actions need to be taken as the rising healthcare cost train is not going to be slowing down anytime in the foreseeable future. Indeed, there is no magic pill to swallow to expel this money-destroying virus, but there are several measures each of us can take that when tallied up, can get health expenses into a manageable state. Forbes suggests 10 Ways Employees Can Beat Rising Healthcare Costs that could provide some relief. Here are a few of those recommendations:

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Topics: Industry News

How Customization Is Changing Technology

Posted by Guest Contributor on Nov 23, 2016 7:00:00 AM

Prime Advantage has invited industry experts to share their insights on the present and future of manufacturing success. In this post, Alex Clark-McGlenn discusses how customers are demanding more and more personalization in their products.

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Topics: Industry News

Why We Are Failing Faster Than Ever (Part 1)

Posted by Guest Contributor on Nov 8, 2016 3:10:00 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

Manufacturing’s Temperature Forecast

Posted by Mike McDonald on Sep 22, 2016 8:50:00 AM

Each year, here at Prime Advantage, we survey our Members to see where manufacturing, and specifically procurement within manufacturing, is today and where it’s heading. It’s always encouraging to see when the temperature of this porridge is “hot” or at least, “just right.” Well the results of Prime Advantage’s 8th Annual Purchasing and Manufacturing Survey are in, with some truly fascinating discoveries. On the bright side, 97% of our Member companies are expecting revenue to either jump or sustain in the next 12 months, in comparison to 80% at this time last year.

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Topics: Manufacturing, Industry News

How to Outsource the Backend Tasks of Your Business

Posted by Guest Contributor on Sep 20, 2016 10:15:00 AM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Jason Dasher of Commercial Truck Financing discusses how to contract out certain job functions for a competitive advantage. 

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Topics: Manufacturing, Industry News

Gear Up for the Fourth Industrial Revolution

Posted by Mike McDonald on Aug 26, 2016 12:32:30 PM

It’s an exciting time in manufacturing because the next big revolution is upon us. Much like the steam engine, assembly line, and automation before it, the marriage of factories and technology is going to cause productivity and economic growth to skyrocket. And we need it. GDP and output progress have been in the gutter for the past several decades, and according to Industrial Systems thinker Olivier Scalabre’s TED Talk, The Next Manufacturing Revolution is Here, manufacturing revolutions have a way of injecting vast improvements in these areas.

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Topics: Manufacturing, Industry News

Lessons from the World’s Most Innovative Companies

Posted by Joe Ptak on Aug 19, 2016 9:28:00 AM

Most businesses are on a never-ending journey for innovation. Finding revolutionary products, advanced business practices, and better predictive analysis of where industries and markets are heading, shape much of our goals and strategies. Even if your business is far from Silicon Valley on the map or isn’t playing in a space conducive to rewriting the history books, there are still many overarching ideologies we can glean from the ones who are. These are philosophies that can be applied to businesses of any shape, color, or size. Here are some lessons to highlight from Fast Company’s list of The Most Innovative Companies of 2016 that you can incorporate at your organization to infuse more innovation:

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Topics: Industry News

GHS HazCom Compliance – Then and Now

Posted by Guest Contributor on Sep 1, 2015 7:30:00 AM

As part of Prime Advantage, Endorsed Suppliers have been invited to share their insights on the present and future of manufacturing success. In this post, Evan Hardin, National Safety Sales Director from Fastenal Company breaks down the changes in OSHA's HazCom requirements and how they will affect manufacturers.

Remember those big red 3" binders that said “MSDS” on them? Are they still floating around your facility? Maybe they're mounted somewhere on a wall or filed away on a bookshelf in your office? If so, you’re not alone. It’s something we see every day when visiting with our customers! If GHS is a new term to you or your organization, the following will help you understand what you need to do today to be in full compliance with the GHS transition.

What is GHS?

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Topics: Manufacturing, Industry News, Talent and Leadership

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