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Today’s manufacturers face a difficult situation.
Global competition is placing extreme price pressures on manufacturers
and has taken its toll on profits. Offshoring can make
good economic sense for some but is it not a panacea. Manufacturers,
in particular, should study the potential drawbacks of
offshoring before
they pursue it.
In our experience, many manufacturers overrate the value
of wage savings and underestimate the inventory, obsolescence,
logistics and currency risks of an offshore strategy, not to mention the the top-line
benefits of staying close to customers.
So how can manufacturers return to higher profits and
remain competitive without going offshore? In short, create a superior supply chain.
A recent AMR Research study revealed that
substantial differences exist in the performance of the supply chains
of manufacturers within the same industry.
| “The financial effect of subpar supply chain performance is staggering.
Supply chain costs, as a percentage of revenue, vary by as much as 20%.
[…This] 20% gap in supply chain efficiency is an opportunity – and a risk –
that business leaders must address with a sense of urgency.” |
2think’s m-fusion™ initiative strikes at the heart of this gap.
By combining Lean thinking, unique processes and innovative supply chain management
technology, 2think can help your company
improve its supply chain performance – close the gap –
and dramatically improve operating costs and service. |
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m-fusion™ addresses many common operational issues, to
find out more Click here. |
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Understand how m-fusion™ can deliver results! Get the details.
Click here. |
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Learn how
2think can increase both top and bottom-line revenues.
Click here. |
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