Are Foreign Currency Fears Stopping You from Exporting?
Exporting is a growth strategy that, unfortunately, many manufacturers shy away from. Dealing with foreign currencies can seem risky and mysterious. Volatility in exchange rates can wipe out the profit from a sale. Don't let these obstacles keep you from developing new markets in other countries. Here are some tips for successfully managing foreign currencies.
How Understanding Customers Can Strengthen Your Supply Chain
Illinois Manufacturing Excellence Center
With ramifications of productivity losses, supplier failures or the inability to react to adverse events, manufacturers understand that the lack of a plan has many consequences. But it leads to opportunities, too; one in particular brings us even closer to the customer.
News from NIST: The Supply Chain Optimization Initiative
A new initiative from the National Institute of Standards and Technology (NIST) Manufacturing Extension Partnership (MEP) network can help small and medium-size manufacturers create more robust supply chain strategies.
The MEP Supply Chain Optimization approach focuses on the entire supply chain rather than individual suppliers.