Majority of pharmaceutical companies are persisting with decade old processes and routines. They have transactional relationships with suppliers, lack of concerted efforts to progress ahead, and no vision to reap productivity rewards. The reasons for continuing with these traditional practices include tax regimes, regulatory hurdles, and stable revenues from customers dependent on existing industry offerings. […]
Tag Archives | manufacturing
Digital Fabrication Transformation
The conventional Business Model for Manufacturing is in the process of Transformation. Centralized production has given way to dispersed manufacturing that is customized. Conventional operating practice at large-scale manufacturers is to keep the high-cost R&D distinct from the low-cost production. Digital Fabrication is changing this operating practice. More and more Digital Fabrication Tools are being […]
Digital Manufacturing
Digital Transformation in Manufacturing, or Digital Manufacturing for short, is a matter of survival now for manufacturing concerns. Manufacturing companies desirous of survival have no choice but to hop on the Digital Transformation bandwagon, rapidly. Business Transformation of any kind is not an easy endeavor. Change Management of Digital Manufacturing is typically more difficult than […]
Value Grid Analysis
A traditional Value Chain involves a linear sequence of activities—from conversion of raw materials into components which are assembled into products. The products are then distributed, marketed, sold, and serviced. Management plans and execute strategies and operations based on this sequence. This set of activities worked well for organizations in the past. However, this linear […]
Suffering Profit Leaks? Use Cost-to-Serve (CTS) Analysis to Prevent Them
Supply chain management across industries is being revolutionized at a rapid pace by technology. By implementing technology systems, supply chain organizations aspire to eliminate waste, meet customers’ needs at reasonable costs, and ensure profitability. Enterprise Resource Planning systems facilitate in processing unstructured data at an aggregated level. However, at workflow or micro level the data […]
How to Utilize Internet of Things (IoT) System to Expedite Decison-Making in the Manufacturing Sector?
Manufacturing today entails immediate yet informed decision making. However, with increasing levels of sophistication and production, senior leadership often has limited time to make optimum decisions pertaining to the number of unanticipated issues surfacing from time to time. These issues—if not managed properly and timely—can lead to defects and wastes. Top global enterprises are utilizing […]
The Rules of Competition Are Changing – Advantages of a Pan-Industrial Strategy
Digital Transformations has set forth a change in leadership thinking, which is now changing the rules of competition. For several decades, Corporate Strategy Development has been founded upon the notion of Strategic Focus. In fact, Michael Porter, known as the Father of Modern Strategy, wrote in 1980 that Strategy targets either Cost Leadership, Differentiation, or […]
Manufacturing Reshoring: Have You Included These 6 Key Considerations in Your Strategy?
Kearney’s 7th Annual Reshoring Index revealed a dramatic reversal of a five year trend, as domestic US manufacturing in 2019 commanded a significantly greater share versus the 14 Asian low-cost countries (LCCs), with manufacturing imports from China registering a particularly sharp decline. In 2019, imports of manufactured goods from 14 Asian LCC offshore trading partners […]
ISOQualitas to Launch Consulting Partner Program for Auto Parts Manufacturing Product Lifecycle Management (PLM) Software
ISOQualitas has partnered with Flevy to launch a Consulting Partner Program (https://flevy.com/isoqualitas) to drive adoption of its flagship product, ISOQualitas.PLM. ISOQualitas.PLM is a comprehensive and integrated software that optimizes all Product Lifecycle Management (PLM) activities—from Advanced Product Quality Planning (APQP), through the Production Part Approval Process (PPAP), and all the way to manufacturing with nonconformities […]
New Consulting Engagements Made Possible by ISOQualitas
Editor’s Note: With over 700 clients, ISOQualitas is the leading providing of Product Lifecycle Management (PLM) and Quality Management software for the auto parts manufacturing industry. Flevy manages the Consulting Partner Program for ISOQualitas. If you a consulting firm interested in participating in our program, please contact us at [email protected] * * * * As […]
6 Lessons You Can Learn to Improve Your Manufacturing Efficiency
When Ford introduced the first moving assembly line, he changed more than the car industry. He transformed the culture of our workforce and the expectations that consumers have of producers. Since then, manufacturers have become the role models of savvy business and global cultural awareness. Seeing the Big Picture Unlike service providers who tend to […]
Lean Thinking for the Office and Admin Areas
Editor’s Note: Vishnu Rayapeddi is a recognized pioneer of Lean Management and founder of Productivity Solutions. For a more in-depth discussion on this topic, take a look at this 118-slide training course. You can view all of his Supply Chain training materials on Flevy here. * * * * This discussion relates to both Lean […]
