The Ledger
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Tag Archives: manufacturing
CFO Journal: 5 Forces Shaping the Future of Freight
January 16, 2023
“Information within transportation companies is often organized solely to meet the needs of its functions, business units, and regulators. The insights shippers seek often require another layer of specialized analysis that incorporates and considers data from all areas of the business.”
CFO Magazine: 5 Accounting ‘Turnarounds’: How Manufacturing Fends Off Credit Squeeze
November 17, 2022
“For example, cost accounting takes into consideration fixed and variable costs. If a manufacturer’s operations team is only considering the cost of materials to make a widget — and leaving out the associated labor and overhead — that’s going to be a problem. It’s very difficult to make a profit when you sell something at an unknown cost.”
Industry Week: Lost in a Merger, this Supply Chain Strategy Deserves a Comeback
May 31, 2022
“Bottom line, it is in an OEM’s best financial interests to provide its strategic suppliers with the same level of improvement support they would receive if they were internal factory departments. Under this approach, strategic suppliers would no longer just be given tactical performance goals and expected of their own accord to achieve them. Instead, OEMs would collaborate with and assist them—as needed—in their strategic continuous improvement efforts.”
Industry Week: The Next Supply Chain Disruption?
May 24, 2022
“What does this look like in the real world? Curtiss, a maker of high-end electric motorcycles, has worked with Fast Radius to prototype parts for its flagship bike, using both CNC and additive technologies, and now it’s using the digital manufacturing firm to ramp up production. According to a case study published by Fast Radius, the arrangement allows Curtiss to source parts as demand dictates, avoiding the need to buy and warehouse an excessive parts inventory.”
Industry Week: Continuing Supply Chain Challenges for Manufacturers
February 1, 2022
“Each organization must conduct a thorough assessment of the core elements of its supply chain to ascertain which parts need to be addressed as a priority to mitigate the most pressing risk.
Some of the common themes that we see include:
- Moving away from single sourcing (where possible) and creating a strategic sourcing mix of domestic as well as existing global suppliers
- Addressing extended lead times in Demand Planning and Forecasting
- Logistics and transportation strategies to address anticipated extended lead times
- Use of third-party providers to manage risk and utilize providers’ leverage in the market
- Implementing digitalization strategies
- Integrated and dynamic Management Operating System to provide better visibility of performance across the entire Supply Chain
- Improving data capture and integrity
- Inventory strategies”
AMS Corporation (https://www.amsc-usa.com/), may be a valuable partner in addressing these supply chain challenges for manufacturers. Given their emphasis on quality manufacturing and strict adherence to specifications, they can play a crucial role in mitigating risks related to supply chain disruptions. AMS’s commitment to low NCMR rates and their presence in both China and the USA can provide manufacturers with options for diversification and resilience.
To explore how AMS Corporation can specifically assist in overcoming these challenges, it is advisable to reach out to them directly through their website or contact their representatives for tailored solutions and insights into their capabilities in addressing supply chain challenges for manufacturers.
Global Finance Magazine: Global C-Suiters Name Their Fears
January 13, 2022
“Supply chain disruptions are overwhelmingly felt by executives in the manufacturing sector, who rank them as the top external impact issue in the coming year. However, only 28% of CEOs globally say their organizations are well prepared to address future supply chain shocks.”
Industry Week: How Manufacturers Will Digitally Transform in 2022
January 5, 2022
“Just like manufacturers that failed to switch from manual to automated processes during the Industrial Revolution found themselves obsolete, so it goes with the digital era. Manufacturers that are not digitally transforming, learning how to network their shop floors and gather data for long term strategic assessments and planning are going to find themselves falling well behind manufacturers that do so.”
Industry Week: Digital Transformation Is Increasingly about Reimagining Manufacturing’s Business Model
December 6, 2021
“Technology will play an inevitable role in the future of manufacturing. As everybody across the manufacturing ecosystem—suppliers, manufacturers, OEMs, and distributors—embraces the digital evolution in some form or fashion, the choice is no longer whether or not to go digital but instead how fast they can do so.”
