Prime Advantage Blog

The Latest Hack for the Manufacturing Skills Gap

Posted by Joe Ptak on Sep 21, 2017 12:09:16 PM

Much has been made in recent years about manufacturers struggling to find enough qualified employees to fuel their organizations. The rise of automation has squeezed out simpler job tasks and shifted the labor need to more cutting-edge competencies that machines and artificial intelligence simply cannot yet perform without human alliance. The latest strategy companies are employing to fill in this gap is using augmented reality to help teach employees the advanced skills modern manufacturing is clamoring for.  

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Topics: Analytics and Technology

Successful Manufacturing Companies Are Selling Outcomes

Posted by Dan Grant on Jul 21, 2017 11:20:00 AM

There’s a shift happening in manufacturing as prosperous companies are increasingly focusing on outcomes, rather than solely on products to drive profits and growth.  In the past, it was sufficient to strive to meet each individual segment’s needs. But now, outcome-centric organizations are targeting and tailoring value propositions to each individual customer. To achieve this, companies must have a strong partnership with their customers so that they know them well enough to understand the specific outcomes they’re seeking.

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Topics: Manufacturing, Analytics and Technology

Investing in Cybersecurity for Your Business on a Budget

Posted by Guest Contributor on Jul 18, 2017 12:50:00 PM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Maricel Tabalba of Credit.com, discusses how companies can beef up their cybersecurity without breaking the bank.

In today's increasingly wired world, digital systems are critical in facilitating customer engagement, managing finances, and running many aspects of day-to-day business operation. But for all that Internet-enabled technologies can do for a company, without the proper precaution, they can expose your organization to serious - and expensive - risks as well.

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Topics: Analytics and Technology

5 Benefits of Cloud Computing for Your Business

Posted by Guest Contributor on Jun 29, 2017 2:30:00 PM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, freelance writer and marketing consultant, Lisa Michaels, discusses how companies are profiting by incorporating cloud computing.

Businesses used to be limited in their computing power because of hard-drive constraints. One computer had to be managed by the business with constant upgrades to keep up with an expanding customer base. With cloud-based computing, an entire world opened up to businesses of all sizes.

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Topics: Analytics and Technology

How to Make Your Company Culture More Data-Driven

Posted by Guest Contributor on May 9, 2017 12:15:00 PM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Jonathan Toler, of Kloeckner Metals discusses how companies can make more strategic decisions through better use of their data.

Data Isn’t All or Nothing

Digital transformation is the buzzword of businesses everywhere who are rapidly trying to digitize their organizations to stay competitive. Digital transformation starts with data and building a culture in your organization that’s data driven. But, for all the hype, taking those first steps towards becoming more data driven doesn’t have to be a painstaking, all-in organizational restart. It can start with incremental moves that make data more accessible, bridge siloed departments, and, finally, tie data with departmental and organizational outcomes.

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Topics: Talent and Leadership, Analytics and Technology

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

How Sound is Your Procurement Data?

Posted by Alison Chebuhar on Aug 9, 2016 8:10:00 AM

If you’re making good procurement decisions, you’re most likely using a significant amount of data to determine when and where to pull the trigger. But, how confident are you with the numbers fueling your conclusions? What about the dark matter numbers that you know are out there, but your eyes just can’t seem to corral? Complete spend visibility may be an insurmountable peak, but always striving to reach it will place your organization’s sourcing strategy in the best position for success.

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Topics: Procurement, Analytics and Technology

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

Why Your ERP System is Failing

Posted by Guest Contributor on Feb 22, 2016 1:53:57 PM

Prime Advantage's Conferences are an opportunity to network and learn about topics facing procurement professionals. We are excited to have Keith Launchbury join us at our Spring Conference to share his insight on Demand Driven Planning.

After spending a substantial amount of time, money, and effort to implement the best ERP systems on the market, many company executives are wondering why they are still seeing their employees using spreadsheets while not seeing all of the business benefits that were promised. They are perplexed at how their inventories can be so high, yet still plagued with annoying material and product shortages. They see the customers becoming exceedingly demanding, while it seems more difficult than ever to deliver the products without incurring the extra costs associated with expediting.

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Topics: Analytics and Technology

Five Questions Every CFO Must Answer

Posted by Joe Ptak on Feb 18, 2016 10:06:00 AM

The most strategic of CFOs are able to answer the tough questions, and answer them well. They create clear visibility into what's driving -- or veering the company away from -- profits and growth. Intacct Corporation recently hosted a webinar entitled, "5 Questions Every CFO Should Expect From the CEO," explainingthat financial executives are playing a larger organizational role than ever before. Businesses look to their finance department to provide leadership in understanding the dollars and sense of how their company is truly running under the hood. All while asking them to balance the monetary aspects of the business with the operational.

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Topics: Group Surveys, Analytics and Technology

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