Supplier Quality Management (SQM) is a top of mind concern for Quality leaders. In recent years it has grown in importance, and today quality leaders have disruptive new technologies at their disposal to achieve market leadership.Read More
It’s no secret that suppliers have become increasingly vital to quality and organizational success. Increases in outsourcing, globalization, and product complexity are three long-term drivers that have increased the role of suppliers as well as the assumption of increased supplier-generated risk.Read More
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.