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

Keeping Your Supply Chain Moving Smoothly Down Risky Roads

Posted by Alison Chebuhar on Feb 14, 2017 2:00:00 PM

With supply lines growing longer and competition continually increasing, keeping a supply chain running efficiently requires a more complex strategy than ever before. Fluctuations in demand and regulatory protocol further muddy the waters when determining the best options available to mitigate risk. The current landscape requires a better business-value approach for any company with growth aspirations, or at the very least, looking to stay afloat.

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Topics: Supply Chain

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

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

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.

Read More

Topics: Supply Chain, Industry News

Three Tips For Improving Your Supply Chain Productivity

Posted by Guest Contributor on Oct 11, 2016 10:00:00 AM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Tom Reddon of National Forklift Exchange, discusses how to enhance efficiency in your supply chain.

Productivity is a magical word in the field of logistics and material handling. In the scope of supply chain operations, productivity is essential for success in a multitude of capacities. Some businesses struggle with driving productivity across their supply chains because they don’t know where to begin.

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Topics: Supply Chain

Ordering Custom Parts in Bulk: 3 Ways to Make It Easier

Posted by Guest Contributor on Oct 4, 2016 2:00:00 PM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Allison Wilkinson discusses the top strategies for ordering customized parts.

When it comes to ordering custom parts in bulk, the devil is in the details. In order to get through every step of the process with minimal hassle, you've got to have every detail of your order fully fleshed out in advance.

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Topics: Supply Chain, Procurement

Only Focusing on Price Will Make You Broke

Posted by Joe Ptak on Jul 26, 2016 3:58:24 PM

I used to have a roommate who thought he was a really savvy shopper. He'd come home with a 50-count bag of frozen chicken breasts because "it was such a steal." But I always thought the purchase was quite short-sided because he only focused on the volume he was getting for his buck, completely ignoring total cost of ownership. Time and time again I'd watch him throw out much of the uneaten chicken, because um, who in their right mind has the stomach for 50 frozen chicken breasts? How's your price per unit now buddy? Not to mention it wasn't fresh meat so he was consuming an inferior product. And he was ignoring the amount of energy being gobbled up by that behemoth bag in the freezer, as well as how that space could have been used for something else.

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Topics: Supply Chain, Strategic Sourcing, Procurement

What You Can Learn From the World's Best Supply Chains

Posted by Alison Chebuhar on Jul 14, 2016 2:22:00 PM
If you want to be the best, then you have to emulate the best. And when it comes to role models for managing your supply chain, where better to turn than to the companies that are running circles around the competition. Each year, the analyst firm Gartner unveils its list of Top 25 Supply Chains in the World, and the latest edition of pioneering ideas and tactics is nothing short of spectacular. Maybe your company doesn't have the resources to build the exact same model as some of these behemoths, but it might be able to do something similar, or use these innovations to spark another idea, or even improve a process for smaller incremental gains that can really add up.

Here are some of the highlights from IndustryWeek:

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Topics: Supply Chain

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