#ISM2017: Bitter-tweet Ending

As the ISM2017 Annual Conference in Orlando, Florida, wrapped up with a half-day of activity on Wednesday, some hearts and minds likely were already at one of Walt Disney World's theme parks. (Some attendees heeded Institute for Supply Management®'s recommendation and added a family vacation to their Conference experience.) However, bodies were still on-site, and participants showed a desire to … [Read more...]

The Monthly Metric: Inventory Turnover Ratio

This month’s installment of The Monthly Metric coincides with the latest offering from the #ISMMagContentCafe: “Supply Chain and Procurement Key Financial Performance Metrics,” by Paul Lee, Research & Analytics Director at Institute for Supply Management® (ISM®). Published in the INSIDE Metrics digital supplement in August 2014, the article details a survey of supply management leaders on the … [Read more...]

Inside Supply Management’s Best of 2016

The end of business today marks the start of Institute for Supply Management®’s end-of-year close. With our office closed through January 2, leaving plenty of holiday time to relax and enjoy our families, we admit to feeling a little bit like children on the last day of school. But before departing, we would like to leave our own little bag of goodies — the best of Inside Supply Management® of … [Read more...]

Compliance Strategy Goes Beyond Following the Rules

By Peter Liston The difference between basic trade compliance and a comprehensive compliance strategy can be measured in millions of dollars. Basic competency in completing import/export paperwork is just the baseline for entering the international marketplace. Success depends on understanding the markets, legal requirements, and tax implications. Only then can you develop market-specific … [Read more...]

Tesla’s Supply Chain Charging Up to Meet Demand

When electric-car manufacturer Tesla announced it was releasing a lower-cost Model 3 in March, excited consumers lined up in droves for the chance to make reservations for these iconic autos. The Model 3 will retail around US$35,000 before tax credits, and is not expected to be released until 2017 at the earliest. Tesla has received about 325,000 orders for the Model 3, but now comes the tough … [Read more...]

US poised to be most competitive manufacturing nation

In recent years, China has ranked as the world’s most competitive manufacturing nation. But by 2020, it will likely fall to No. 2, relinquishing the No. 1 spot to the United States, according to the 2016 Global Manufacturing Competitiveness Index report by Deloitte Touche Tohmatsu Limited (Deloitte Global) and the Council on Competitiveness. Michelle Drew Rodriguez, manufacturing leader, Center … [Read more...]

Why the Term ‘Supply Chain’ Is No Longer Relevant

By Terry Volpel When I started in supply management, one of my first duties was to contact my suppliers and introduce myself. My predecessor’s working relationship and communication stream with supplier sales representatives was always linear, simply back and forth. I came to realize that this linkage was just a single “link” in a supply chain. My customers relied on my sales people, I relied … [Read more...]

Manufacturing: Now in 3-D

  3-D printing isn't “Star Trek” transporter technology. It's also not as simple as push, print, ta-da! And it also isn't going to magically bring all manufacturing jobs back to the United States. Despite these "limitations," Eric Miller, principal and co-owner of Tempe, Arizona-based PADT Inc., asserts that what it is is the best way to make prototypes or low-volume or custom parts, … [Read more...]