Prime Advantage Blog

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

How to Build Resilience in Your Supply Chain

Posted by Dan Grant on Jun 7, 2016 6:30:00 AM

Having a strong supply chain in today's rapidly changing and innovating marketplace is no longer enough to keep pace. A company's supply chain also needs to possess the fluidity to respond seemingly instantaneously to the unexpected that tomorrow brings. Gone are the days where merely having well-managed logistics and an advanced ERP system could set you apart from the competition. Procurement and supply chain managers now must be able to roll with disruptions as if they already had their calendars marked that the failures were coming.

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Topics: Supply Chain, Procurement

Transformation By Technology: The Future of Supply Chain, Logistics & Manufacturing

Posted by Guest Contributor on May 17, 2016 6:00:00 AM

Prime Advantage has invited industry experts to share their insights on the present and future of manufacturing success. In this post, Kevin Hill of Quality Scales Unlimited, discusses the technologies that will be shaping manufacturing processes for years to come.


Technology is one of the main factors responsible for bringing in a great number of changes in the manufacturing world today. The next two years will mark numerous changes with digital transformation right around the corner for manufacturers. Moreover, business processes will mainly be technology-driven.

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Topics: Manufacturing, Supply Chain

Precisely Wrong All the Time – The Real Story Behind the Bullwhip Effect

Posted by Guest Contributor on Apr 21, 2016 9:06:37 AM

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 evolution and future of material requirements planning.

Most folks that deal with material requirements planning (MRP) systems on a daily basis know that something is and has been VERY wrong for many years. But do we really understand what the real issue is and just how devastating the problem becomes for supply chain management in general?

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Topics: Manufacturing, Supply Chain

The Importance of Understanding Your Supplier Network

Posted by Guest Contributor on Apr 7, 2016 3:22:12 PM

Prime Advantage has invited industry experts to share their insights on the present and future of manufacturing success. In this post, Shruti Agrawal of Excella Worldwide examines principles for strengthening supplier relationships.

In today’s complex and ever-changing business world, companies must keep up their A-game and rise above their competitors. A powerful way to do this is for a company to understand every nook and cranny of their supplier networks.

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Topics: Supply Chain

Overcoming the Top Concerns of Supply Chain Managers

Posted by Dan Grant on Apr 5, 2016 3:01:01 PM

Many of us do some of our best thinking when our heads hit the pillow to sleep each night. We're finally sheltered away from the bright computer screens, noises of the city or children, and the seemingly endless bombardment of information to consume. Unfortunately, for some of us, these moments just before drifting off to Never Neverland are also filled with apprehension about how to overcome challenges we find ourselves facing. And one group who knows this all too well right now is supply chain managers.

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Topics: Buying Groups and Group Purchasing Organizations, Supply Chain

How to Get Better Deals with Your Suppliers

Posted by Joe Ptak on Mar 31, 2016 1:51:43 PM

Everyone wants more for less. We want more output for less work, more action for less discussion, and more products for less money. When it comes to the latter, we're often hamstrung on the optimal price we can attain by the amount of volume we need to purchase. But what if I told you there was a way to get better deals without changing any of your buying habits? Sounds like a fantasy, but it is in fact the reality for members of group purchasing organizations (GPOs).

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Topics: Buying Groups and Group Purchasing Organizations, Supply Chain

Five Inventory Management Tips to Cut Costs

Posted by Dan Grant on Mar 3, 2016 6:00:00 AM

One item that often gets misrepresented in budgets is the true carrying cost of inventory. Inventory isn't only about the physical space that is being taken up or the shelving that's holding your materials. It also encompasses the manpower and equipment required to stock and track your inventory, as well as the loss or damage that happens from parts sitting around. This begs the important question of, "what else could you do with that space, time, and money???"

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Topics: Supply Chain

Translate Organizational Objectives to Supply Chain Metrics

Posted by Mike McDonald on Mar 1, 2016 10:02:51 AM

Have you adjusted your metrics to drive toward this year's objectives? Operations and procurement play a big part in fulfilling a company's strategy. The role they play will vary depending on if you are launching new products, increasing quality or decreasing costs. The success of these endeavors hinges on your ability to assign proper metrics to track the progress.

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Topics: Supply Chain, Analytics and Technology

Take Your Supply Chain to the Next Level

Posted by Dan Grant on Feb 16, 2016 8:41:00 AM

Time is the thing people wish they had more of the most. We can't create more time in the day, but we should always be looking for ways to better use it. Analyzing data on how manufacturers can improve their time allocations has been the focus for many. One area that often gets left out of the time-saving equation is procurement.

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Topics: Supply Chain, Analytics and Technology

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