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The Bottom Line

SRM Perspectives on Key Industry Trends

The Necessary Practice of Price Forecasting in Manufacturing

Posted by Jim Kurtz on Sep 23, 2021 10:00:00 AM

As a manufacturer, one of your main goals is balancing the right amount of product in stock. With too little, you run at inopportune times, which causes customers to purchase elsewhere. With too much, you pay unnecessarily high costs for inventory management.

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Topics: ManufacturingAdvisor, Forecasting, Price Forecasting

How to Identify Cost Savings with a Contract Manufacturing and Packaging Supplier

Posted by Jim Kurtz on Sep 10, 2021 11:23:58 AM

To maintain a competitive advantage in the ever-changing manufacturing world, optimizing your supply chain — especially in the areas of manufacturing and packaging — can provide efficiencies and cost savings.

It shouldn’t come as a surprise that the growth of e-commerce has had a significant impact on packaging sectors, including flexible packaging, which had a compound annual growth rate (CAGR) of 5.7% between 2020 and 2021. This growth occurred in a single year, seeing a dip of 16.5% in U.S. manufacturing

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Topics: Packaging, Cost Reduction