In today's increasingly global business landscape, it's no secret that many manufacturing and industrial businesses maintain supply chains that stretch all over the world.
However, what may be a secret is just how much procurement professionals would prefer to source locally instead.Read More »
Most of us know that supplying a quality product or service on time, and at a fair price, is critical to achieving customer satisfaction. But what if you're not the only one that can do this for your customer?
You need become your customer's first choice for their next order — here's how.Read More »
In honor of the Fourth of July, Thomas is not only celebrating Independence Day, but also celebrating the independent American manufacturers that contribute so much to our country throughout the year.
And while there are many of reasons to appreciate these small and mid-sized businesses, we wanted to highlight three in particular.
The manufacturing industry is largely comprised of small businesses. In fact, according to the latest information from the U.S. Census Bureau, more than 98 percent of manufacturing companies in the U.S. are considered to be small (with fewer than 500 employees). Further still, nearly 75 percent of manufacturing companies actually have fewer than 20 employees.
Within these smaller organizations, financial decisions always loom incredibly large. Every dollar counts, and one misstep can have disastrous consequences. That's why it's important to steer clear of these common pitfalls.Read More »
American inventors have had a tremendous impact on the United States and people around the world.
The manufacturing industry has also felt the impact of these innovators who were willing to push the possibilities of their times and technologies.
Thomas took a look back at a few of the awesome American inventions that have shaped the industry.Read More »
There is no question that technology has improved almost every aspect of the business process.
In theory, this is particularly true within the procurement and supply chain sphere: online e-sourcing tools make conducting sourcing events more effective and less costly than ever; online ordering portals and spend management software cut down on the time necessary to complete the entire procurement cycle.Read More »
Digitized information offers vast flexibility. When employed at its best, digital information can make the most complex processes simpler and more efficient. This especially applies to the selling of complex industrial parts.
Read More »
You've seen the headlines. Kiosks are replacing cashiers, autonomous vehicles are putting taxi drivers on the side of the road, and robots are now writing blog posts.
Clearly, robots have already started to replace workers in various industries. Are they coming for industrial jobs next?
The short answer? Kind of.
The longer answer? While they will most likely change the makeup of the industrial workforce and the way people do their jobs, the situation is not as dire as many people think. In fact, it could be a positive development for industry.Read More »