Recently LNS Senior Associate Mehul Shah and I had the pleasure of attending and speaking at Infusion 2014 in sunny Marina Del Rey near Los Angeles, CA. The event, a semiannual manufacturing intelligence conference held by InfinityQS, shows users of the software how to give their metrics meaning, identify areas for improvement, and turn manufacturing information into actionable data.
There’s been increasing talk about incoming conflict mineral reporting requirements among manufacturers across the U.S.–not to mention suppliers around the globe–and the impacts these rules are going to create. And that’s understandable. After all, the new requirements are going to have a seismic effect on how manufacturers do business and achieve visibility and traceability across their entire supply chains.
While managing supplier quality may be equally as important as it was a decade or two ago, it’s becoming an increasingly challenging task as today’s economy continues to globalize. More often than not, behind every company producing a complex product there’s a complex supply chain. This growing number of factors to manage can be overwhelming and even detrimental to quality. Fortunately, many market leaders have figured it out.
Building a strong supplier quality management strategy isn't only advisable, it's requisite in today's global economy. And market leaders are turning it into a competitive advantage.
What do a panel of industry experts forecast for the changing global manufacturing industry? How effectively can quality management software oversee the actions within your supplier network? Or, is measuring overall equipment effectiveness really as easy as they say? Gain valuable insight into these pressing questions below.
Because research has shown that the earlier a defect or nonconformance is caught the less expensive it will be in the long-run, it’s critical that end-to-end quality capabilities extend from suppliers all the way through service and everything in between. This is especially true in discrete manufacturing industries such as electronics or high-tech, where the ability to balance quality and product complexity is often the source of a competitive advantage.
Most people think quality's all about compliance, but it delivers operational benefits as well. From our research, it’s apparent that companies that have taken an integrated, holistic approach to quality with technology such as enterprise quality management software (EQMS) considerably outperform others in key quality performance indicators.
Success in F&B has a swarm of challenges that go hand in hand with the ability to deliver high quality products and processes. With hurdles such as shrinking operating margins, managing the complex global supply chain, and an ever-tightening regulatory environment, there’s little room for error across the value chain.
Over the past year, the LNS Research team interacted with hundreds of quality executives via online survey and live discussions at industry events. To date, we’ve collected responses from over 900 executives and have analyzed critical quality management trends such as the strategic initiatives companies are undertaking, metrics being measured, best practices, the use of quality management software, etc.