Prime Advantage Blog

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

5 Supply Chain Risk Myths That Will Cost You a Fortune

Posted by Joe Ptak on May 31, 2017 4:10:00 PM

The moon landing never happened. Lightning never strikes the same place twice. Pigeons blow up if you feed them uncooked rice. As you can see, unsupported, and at times ridiculous, myths are all around us. The world of supply chain management is no different according to Bill DeMartino, General Manager of North America at riskmethods. This was driven home during a recent webinar for Prime Advantage Members entitled, “Five Common Misconceptions in Supply Chain Risk Management.”

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Topics: Supply Chain

Overcoming the Top Risks in Your Supply Chain

Posted by Dan Grant on May 24, 2017 1:00:00 PM

Prime Advantage and riskmethods recently collaborated on a webinar for Prime Advantage Members highlighting some of the biggest threats in supply chain management today. The session was hosted by Bill DeMartino, General Manager of North America for riskmethods. A variety of topics were covered, including supply chain management myths, challenges, and solutions.

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Topics: Supply Chain, Supplier and Member Best Practices

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.

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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

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