Part 2 of "The New Supply Chain" blog series by Mike Loquercio, Manufacturing and Supply Chain Management Expert.
The first reaction to a severe supply chain disruption is “organized chaos” and then you attempt to rebalance and update all your purchasing, replenishment, planning, distribution, and warehouse parameters.
Regardless of what is going on in the world and within our community, company leaders must be able to effectively communicate when a quick response is needed. Here are three methods for communicating with your workforce in a timely and reliable manner:
Part 1 of "The New Supply Chain" blog series Mike Loquercio, Manufacturing and Supply Chain Management Expert
For those of us in the supply chain field, we may or may not have sophisticated systems that provide big data relative to sales, markets, items, transit times, on-time delivery, shipped in full, and all the other metrics that help assess the health of the supply chain.
Depending upon your products, customers, and your manufacturing footprint, the most recent crisis may have taxed your supply chain to its limits or maybe you have a business continuity plan (BCP) that encompasses all the challenges.
An original article by Nico Thomas, Performance Analyst for the Program Evaluation and Economic Research group of NIST MEP.
Technology is the single greatest challenge (and opportunity) for the manufacturing industry … or is it? It’s true that technology has evolved and changed how manufacturers—especially small and medium-sized manufacturers—operate their businesses, in ways that even a few years ago didn’t seem possible.
This is an original article from NIST Manufacturing Innovation Blog.
Cybersecurity threats are a huge business risk for all companies. Small and medium-sized businesses (SMBs) — including manufacturers — are especially vulnerable to attacks. Small and medium-sized manufacturers (SMMs) are often seen as an easy entry point — a “soft” target — into larger businesses and government agencies. One of the first steps when prioritizing how to manage your business risk is to gather information about the threat environment. The 20 important (and shocking) cybersecurity statistics listed below focus on what manufacturers need to know about the “what” and “so what” of cybersecurity, so they can start planning their “now what” actions.
This is an original article by Scott Rempala, President of Mighty Hook and member of IMEC's Board of Directors.
It’s fashionable these days to promote corporate culture as a means to ensure long-term business growth. Promoting is one thing, but making culture a priority requires a systematic approach that permeates everything a business does. We refer to our systematic approach as PTP—Process, Training, and People.
What does it take to build a truly remarkable team and a high performing organization? At the IMEC 2020 Conference on Enterprise Excellence, leaders in manufacturing, healthcare, education and business will come together to highlight best practices and strategies they use to achieve performance excellence. Despite representing different industries, these organizations have taken a similar path to performance excellence, and as such have overcome common challenges across industry. One challenge that is all too familiar to manufacturers is the workforce crisis. With the rise of the silver tsunami, manufacturers – and other industries – must take strategic actions to protect and build their greatest asset – their people.
As the cliché, but true saying goes: “numbers don’t lie.” We can’t help but agree as we review our 2019 client reported impacts! While it is certainly a time of celebration here at IMEC, it’s also a celebration for the 770 manufacturers who have invested in their competitive futures. By partnering with IMEC and reporting the impacts our work has contributed to their business, it allows us to show that we all play an important role in a much bigger story. These numbers speak volumes to the value our clients add to our manufacturing ecosystem. Not only are companies on a path to enterprise excellence, but they are also strengthening Illinois’ economic well-being, their communities, and their organization as whole.
Every year, IMEC hosts the Conference on Enterprise Excellence. During this one day of incredible learning, manufacturers, healthcare professionals, educators, and business leaders come together to share best practices in performance excellence that can be applied to any operation.
You may be wondering: “what can a manufacturer learn from a hospital or a school?” Well, a lot. Every organization has similar areas of focus – leadership, workforce, strategy, operations, customers, measurement and results, and technology implementation. Ensuring that these areas are held to high standards will result in a high performing organization. The 2020 conference features business leaders who have transformed their organizations into reputable, high performing ones by implementing trusted and effective strategies that are replicable for any industry.