Trends in Manufacturing

How to Increase Manufacturing Agility in Consumer Packaged Goods

Agility is paramount in the CPG industry. This is driven by rapidly changing consumer tastes and preferences, competition - which drives the need for greater differentiation, varying degrees of automation and manual labor forces, constantly changing packaging technology and platforms, and several other factors. Agility is simply defined as the efficiency of change. In other words, how efficiently can you go from your current state to your desired future state? In the CPG industry especially, the future state is a constantly moving target.

20 Reasons You're Paying Too Much for Raw Materials - And How to Reduce Costs

Raw material is often the single greatest expense for any manufacturing operation. It could range anywhere from 35 - 75% of total cost of goods sold depending on industry and the nature of the supply chain. Unfortunately, many manufacturing companies simply accept this as a "cost of doing business" and are reluctant to explore some of the many opportunities to reduce raw material costs.

Inventory Reduction: Bringing Your Working Capital Cash Back to Life

Inventory is a fact of manufacturing life. It is accumulated and maintained for raw materials, work in-progress (or WIP), and finished goods. We like inventory when it means we can be highly responsive when the customer needs us to be.