The ability to reduce production cycle times can be a powerful competitive advantage. A company’s cycle time is a measurement of their efficiency and a bellwether for profitability and competitiveness. However, it’s not easy to reduce manufacturing cycle times, focus on learning how to reduce cycle time, or justify the expense of additional logistics investment without understanding the value. Indeed, the benefits of reducing cycle times can more than compensate.
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When US President Donald Trump announced in March that he would be imposing a 25% tariff on imported steel and 10% on imported aluminum – and in May that US allies would not be exempted – it was domestic manufacturing that responded negatively to the news. Recent news indicates US manufacturers may increasingly outsource production to avoid not only the price increase on inputs but also the added cost of exporting goods to countries imposing retaliatory tariffs on US goods.
In spite of a general trend towards less manufacturing in the United States, the US manufacturing sector is doing well. Output is increasing, value is on the rise, and some areas in the US are experiencing significant growth in the manufacturing sector.
Renegotiations have concluded for the new NAFTA deal, and all three countries are declaring the agreement a victory. US President Trump long derided NAFTA as a failure and a liability for the US economy. He campaigned on a promise to scrap the North American Free Trade Agreement and replace it. But how different is this […]
Partnering with a shelter manufacturing service to take advantage of Mexico’s maquiladora program has phenomenal advantages. Small, medium, and large producers can each find unique benefits for their operations south of the border – if they go about it right.
As a systematic way to increase efficiency and better please customers, lean principles run counter to traditional mass-production practices. Yet, they allow small and medium businesses to consistently increase quality while decreasing costs. They emphasize key objectives like simplicity, flow, and balance. Companies large and small can leap over their competition by understanding and implementing this highly efficient system.
In the interest of avoiding unnecessary inventory storage and management, many assembly plants take advantage of Just in sequence (JIS) manufacturing. This process is highly specific and detailed, but assembly lines minimize wasteful buffers by utilizing this streamlining technique.
Optimizing supply chain management is no longer just a mere business function. It is a vitally important business process. Manufacturers and producers miss out on substantial profit potential by overlooking key steps to simplify, shorten, and optimize. This is what you need to know to maximize the potential of your end-to-end supply chain.
More jobs are coming to the United States from an unlikely source – China. Typically known more for competing with the United States for jobs, there has been a recent slurry of manufacturing leaving China headed for more profitable shores. It seems rising wages and fuel costs are driving the shift to a large extent. […]
US President Trump’s tariffs on foreign steel and aluminum imports recently went into effect, leading some to ask what comes next for steel prices. Will the tariffs benefit the average American worker? Or will the new cost of steel inputs hurt American manufacturing jobs? Will steel prices remain stable, rise slightly, or spike? Will the net effect be positive or negative for the US economy?