To manage their profit margins, companies need to have a laser focus on three primary components of product costs: materials, overhead and labor. Some are effectively hedging key materials to mitigate price fluctuations while others are investing in robotics and other equipment to produce products more quickly and efficiently. In addition, manufacturers must balance the continuous challenge of attracting and retaining skilled labor with the implementation of newer technologies.
Addressing risks only when they become problems is too late. A company must assess their potential risks and implement strategies.
The impact of a strengthening dollar on U.S. manufacturers is uncertain, but waiting to see what happens will likely create challenges.
Data analytics should be a key weapon in every company’s fraud protection arsenal. Learn how companies can use that data to identify fraud.
A baseline security self-assessment can give management an understanding of data security threats—and the likelihood of those threats occurring.
There are no silver bullets to protect against incidents and there is no one-size-fits-all approach to developing and implementing security controls.
Every business is vulnerable to a potential data breach, and companies must implement proactive strategies to prepare for, and react to, an incident.
Vendor fraud can take several forms in any organization. Learn three practices to help detect and prevent fraud in your vendor management process.
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News, trends, and insights for manufacturing and distribution executives.