Prime Advantage Blog

The Modern Business Traveler Requires a Modern Policy

Posted by Guest Contributor on Oct 16, 2017 2:45:25 PM

Prime Advantage has invited industry experts to share their insights on the present and future of manufacturing success. In this post, Kari Bigot of ALTOUR discusses how to tackle travel expenses in today’s business world.

The “modern business traveler” – new terminology being used to describe today’s business traveler or what the travel industry used to commonly refer to as the “road warriors.”  But, as we all know, there’s a lot more changes happening in travel than simple updates to terminology.   Organizations of all sizes are being challenged with a dynamically growing and changing segment of doing business – travel.  And, within travel comes costs, liability, and instability. As travel (and entertainment) typically sits within the top three expenditures for a business, it should be an area of focus for senior management; however, often times (for a variety of reasons) travel gets pushed to the “back burner.”  More often, we see this  scenario playing out in small and midsize enterprises where the lack of leverage for negotiating with suppliers, coupled with a smaller travel program size, tends to impede the strength and/or objectives of a successful travel policy.

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Topics: Industry News

Plan Ahead: 4 Early Bird Tips for Busy Seasons

Posted by Guest Contributor on Sep 7, 2017 10:45:00 AM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Tim Neroni, President and Managing Partner at KMH Systems, Inc., discusses how to prepare for peak workload times.

Now is the perfect time to prepare and train for the largest two retail days of the year, Black Friday and Cyber Monday. During the next couple of months, you can prepare your team in multiple areas, find weak points in your workflow, and take these weeks to make sure they are well prepared. Once the rush arrives no one will be taken by surprise, and they will be more at ease with the upsurge in activity.

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Topics: Manufacturing, Industry News

3 Often-Missed Health Checks in the Workplace

Posted by Guest Contributor on Sep 5, 2017 4:15:00 PM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Emily Roberts discusses how businesses can overcome the challenges of employee safety.

Health and safety on the jobsiteis absolutely essential. Ensuring that proper health and safety procedures are in place is about much more than just meeting legal requirements, it is about ensuring that employees have access to safe working conditions and showing that you as an employer take their health and wellbeing seriously. It is also not enough to simply hand out hard hats and other articles of safety, there are a number of other important checks that should be carried out in order to guarantee the safety of your employees.

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Topics: Manufacturing, Industry News

Looming Freight Capacity Concerns and Rising Rates

Posted by Guest Contributor on Aug 24, 2017 11:15:00 AM
Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Neal Willis of ReTrans Freight, discusses upcoming freight limitations and price increases .

Summer’s window of vacations and time off are coming to an end and before we know it the holiday season will be upon us all the while freight shipments will continue to ramp up. Freight rates are poised to rise and the capacity situation will undoubtedly drive freight rates higher for shippers. Experts and analysts are warning shippers about the rising costs of freight rates and advising shippers to align 2018 for the pending crunch. Some brokerage heavy, large 3PLs have already fell victim to higher purchased transportation costs and their profits have taken a hit as a result.

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Topics: Manufacturing, Industry News

The Blockchain is Lowering Uncertainty in the Supply Chain

Posted by Dan Grant on Aug 22, 2017 10:05:00 AM

“There is a new technological institution that will fundamentally change how we exchange value,” says Bettina Warburg during her Ted Talk on blockchain and it’s growing importance in trade and the economy. Blockchain is the latest way we as a society are trying to lower uncertainty about one another so that we can exchange value. As we’ve evolved throughout history, we’ve built formal institutions like banks, governments, and corporations, all to facilitate trade with confidence. Blockchain is the next generation of enabling trade with increased levels of assurance.

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Topics: Supply Chain, Industry News

The Cybersecurity Threat in Manufacturing is Real

Posted by Alison Chebuhar on Aug 8, 2017 3:15:00 PM

A staggering 39% of manufacturing companies responding in a recent Deloitte survey reported experiencing a cybersecurity breach in the past 12 months. And over one-third of these companies lost between $1 million and $10 million as a result of the attack. These attacks can wreak havoc upon businesses in terms of lost productivity, ransomware payments, and intellectual property being made public to the competition. Phishing, pharming and social engineering make up the majority of the breaches, according to the report.

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Topics: Manufacturing, Industry News

How Artificial Intelligence is Empowering Procurement

Posted by Alison Chebuhar on Jun 21, 2017 10:40:00 AM

As the role of purchasing continues to expand and time becomes more scarce, it’s good to know that help is on the way. Though artificial intelligence isn’t “help” in the traditional sense, its capabilities for strengthening procurement aren’t either. The benefits of AI are much more significant. And if your firm delays in embracing AI, it will be giving the competition who makes it a priority a leg-up. Any company looking to perform true strategic sourcing will need AI’s assistance in tackling the challenging and nuanced task.

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Topics: Industry News, Procurement

Technology Trends Driving The Future of Manufacturing

Posted by Guest Contributor on Jun 6, 2017 2:00:00 PM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, tech enthusiast and freelance writer, Heather Redding, discusses the technologies changing the face of manufacturing.

Like all industries, the world of manufacturing is in the midst of a technological revolution. Traditional industries are being reshaped by technical innovation and things are getting more competitive and faster moving than ever. It's important for businesses to understand the latest technology trends and use this knowledge to bring new products to market and improve processes. In addition to products being improved and costs lowered, the customer experience is being enhanced through customization and speed. Here are some technology trends that are driving the future of manufacturing.

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Topics: Manufacturing, Industry News

How to Maximize Your Cyber Security Without Sacrifice

Posted by Joe Ptak on May 19, 2017 4:15:00 PM

Cyber security is as hot of a topic as there is out there right now. And that isn’t likely to change anytime soon, or possibly ever, as it is estimated that 75 billion devices will be connected to the internet by 2025. This is a matter that touches each and every one of us in our business and personal lives. If properly addressed, being surrounded by connected devices can significantly enhance our existence and elevate what we’re all capable of accomplishing. But if not taken seriously, the ramifications could cause significant hardships and bring our ambitions to a screeching halt.

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Topics: Industry News

Overcoming the Top Challenges Facing Manufacturing Today

Posted by Mike McDonald on May 3, 2017 11:10:00 AM

At the Prime Advantage Spring 2017 Conference, manufacturing professionals came together during the Business Roundtable and Benchmarking Sessions to discuss the biggest issues they’re currently dealing with and teased out solutions for tackling them. Members realize that they’re not alone in the challenges they encounter in their day-to-day activities and that through shared intelligence and experiences, there isn’t a single problem that couldn’t be solved together.

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Topics: Manufacturing, Industry News, Group Surveys

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