by H. Alan Rothenbuecher, partner Benesch, Friedlander, Coplan & Aronoff LLP Supply agreements serve as the lifeblood of many manufacturing companies. These agreements outline the terms and conditions controlling the supply of goods and services between various parties. Without this framework, many businesses could not meet the pressing demands of the modern-day … [Read more...] about 5 Steps to Better Supply Agreements
Supply Chain
Prepare for Supply Chain Pressures
by Liz Stevens, contributing writer Plastics Business No manufacturing operation is immune to supply chain risk. Supply chain problems can occur at any stage of the product lifecycle, and – for those who cannot avoid risk (think everyone) – a “belt and suspenders” mindset is vital to preparing for potential disruptions on the horizon. To minimize risk exposure and be better … [Read more...] about Prepare for Supply Chain Pressures
Resin Supply Chain Issues: Suppliers Offer Perspective, Solutions
by Dianna Brodine, managing editor Plastics Business Uncertainty in the resin supply chain is sending ripples through the plastics industry and into end markets. The result has been predictable: price increases for the processor at the time of resin purchase. What are the biggest issues facing the resin industry at the moment, and what can the processor do to alleviate … [Read more...] about Resin Supply Chain Issues: Suppliers Offer Perspective, Solutions
Understanding the Flow of Inventory Management
by Grainger Editorial Staff Is a large percentage of your company's dollars going toward inventory? Managing inventory efficiently can help cut down on many costs that you may not even be aware of. Poor inventory control can lead to emergencies, such as running out of much needed materials. This can take time away from production, and finding a quick replacement part can be … [Read more...] about Understanding the Flow of Inventory Management
Managing the Supply Chain Squeeze
by Laurie Harbour Harbour Results, Inc. Supply chain management in manufacturing is by no means a simple process, and for the plastics processor it can be an even tougher challenge. Plastics processors experience what we like to call "the supply chain squeeze," where they typically are in the middle of two much larger manufacturing companies – the end customer and a large … [Read more...] about Managing the Supply Chain Squeeze