Prime Advantage Blog

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 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

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

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

Sourcing Strategies for a Volatile Metals Market

Posted by Alison Chebuhar on May 17, 2017 2:50:00 PM

At the recent Spring 2017 Prime Advantage Conference, Lisa Reisman of MetalMiner gave a Metals Outlook presentation on how procurement should approach the metals market and all of its fluidity. Reisman contends that most forecasters are notoriously inaccurate and that metal production and consumption numbers are largely useless to metal buying organizations. These numbers aren’t very actionable and fail to correlate to the timing of purchases. The chances of hitting a bullseye when prophesying based off of these figures is extremely small.

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Topics: Manufacturing, Strategic Sourcing, Procurement

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

The Benefits of Renting vs. Buying Material Handling Equipment

Posted by Guest Contributor on Apr 20, 2017 10:15:00 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 what to consider when deciding whether to rent or purchase material handling equipment.

Material handling equipment is an absolute necessity for modern businesses to stay competitive and increase worker productivity. Forklifts come in many varieties and have a range of capabilities and prices, but their fundamental purpose is to allow workers to move inventory quickly and efficiently.

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Topics: Manufacturing

U.S. Manufacturers are Exceedingly Optimistic About Business Growth

Posted by Mike McDonald on Apr 6, 2017 1:15:00 PM

Prime Advantage recently released the findings of its ninth edition of the CFO Survey, revealing the current and future financial health of midmarket manufacturers across a variety of sectors. The results show that optimism in manufacturing among our Members is at its highest levels since the annual survey’s inception, as well as the most positive outlook for the economy in years.

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Topics: Manufacturing, Industry News

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