The COVID-19 virus brings inventory management into sharp focus to preserve cash. Consider the following quote from Ella Wheeler Wilcox: One ship drives east and another drives west by the same winds that blow. It’s the set of sails and not the gales that determine the way they go. Inventory management principles and practices for
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Shaking off the Apathy It was 2017 and health care costs were becoming a real menace. After five years averaging 10% annual increase in the cost of health care, we could no longer act like it was someone else’s job to manage. Health care costs had grown to be our third largest expense and we
Outsource to InSource. Use of contract manufacturing, in light of traditional make “in house” or buying from suppliers.
How are the terms different and when do they apply? What should operations and sourcing teams consider when deciding to outsource and to which contract manufacturer?
I have a secret. Once you hear my secret, it will not be “my” secret, but “our” secret. It is a secret to sell an idea. My secret is an open secret. I am not trying to hide any thing, I am going to very open about it. My secret is to have a plan.
Life in the business world is complicated and we can’t change that. People are unpredictable and events are uncertain. Yet, we can navigate through the chaos by simplifying the way we think and cooperate to deliver value despite the pitfalls. It starts with Clarity of Vision. At InSource, we are here to serve others well
The question is often asked, “What should be included on a wire harness print?”
In answer, it is important to consider its purpose and who will reference it.
What is your lead time? Can your customer wait for product while you wait for your parts? Your customers need product fast!
Read the article to find out how to reduce your lead time.
The Importance of Value Proposition
What is a Value Proposition? Why do I need a Value Proposition? How do I determine a Value Proposition?
All of these questions are answered in this article.
True Cost of Manufacturing. The value of Contract ManufacturingDo you know the costs of manufacturing? I mean really know. You know what your parts cost and you know how many hours that it takes but do you know the true cost?
There are 2 principles to follow to be successful in manufacturing. Always remember these 2 things:
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