Today, let's explore the cost of buying direct.
In this episode, we will look at carrying costs.
Manufacturing Day may not have the rich history of annual events like Labor Day or July Fourth, but its celebration is still invaluable to everyone within the manufacturing supply chain.
In this video, we want to talk about hidden labor costs that could be costing you money.
As the U.S. manufacturing sector continues to expand economically, the growth is making waves across the nation and changing the face of the manufacturing supply chain.
Lowering cost is always at the top of every production department's list, but many manufacturers just shop for the lowest price and completely miss the bigger cost-saving opportunity.
A vendor managed inventory (VMI) program is a highly effective way for an original equipment manufacturer (OEM) to make both financial and operational improvements that directly impact the bottom line.
As efficiency is a key factor in successful lean manufacturing efforts, it is imperative that original equipment manufacturers (OEMs) are able to measure the finer points of their equipment and production processes.
If, after learning more about the Theory of Constraints (TOC), you think it could benefit your factory or supply chain, there's no time like the present to begin making changes.
Original equipment manufacturers (OEMs) may want to take note of the Theory of Constraints (TOC) if they haven't done so already.