Supply-chain managers have a new focus: to move from cutting costs to enabling new processes and making corporations more connected and agile to create value across the entire enterprise.
Small business vendors that frequently have to chase down larger clients to get paid might have reason to rejoice. According to a story in The Wall Street Journal, the White House has launched an initiative that will either speed payments to small suppliers or help them access "lower-cost capital."
Since David Friedfeld took over ClearVision Optical from his father in 1985, he's seen most eyewear manufacturing move overseas. The 120-employee company, based in Hauppauge, N.Y., is bringing a small piece of it back. Last year, Friedfeld purchased an entry-level 3D printer for just under $3,000. He still does the bulk of his manufacturing abroad, but he can now print eyeglass prototypes in-house.
Boosted by an increase in sales, Monrovia,Calif.-based drone maker AeroVironment Inc. exceeded analyst estimates and reported $8.1m in fiscal fourth-quarter profit, a turnaround from the same period a year earlier.
You walk into the local supermarket, list in hand. Eggs, milk, bread, some pork chops and steaks, cereal, potatoes, fruit, and what the heck, maybe a bag of chips. You know the routine: with basic meat, bread and dairy necessities strategically set up around the perimeter, you'll have to pass by a host of other items on the way there and back.
A long-standing challenge in the electronics supply chain is the management of so-called "excess" inventory. When an OEM or EMS provider orders too much product, it is often sold in the open market to distributors that are not franchised by component suppliers.