Nearshoring is a strategy used by companies to bring production closer to their primary market while still outsourcing certain operations abroad. The goal of nearshoring is to reduce transportation costs associated with sourcing materials or manufacturing goods overseas. While at the same time not compromising quality, safety, speed, and flexibility of the product’s supply chain. […]
Reshoring is an increasingly popular strategy used by companies that have traditionally sourced their raw materials or manufacturing operations abroad. The goal of reshoring is to bring production back home by relocating supply chains closer to the company’s main market and reducing associated transportation costs. And with the recent disruption to global supply chains, it
This is a question that many people ask, but not enough understand the answer to. The Statement on Standards for Attestation Engagements is an auditing standard for service organizations, produced by the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board (or SSAE) developed these standards in order to ensure that organizations like yours
Your father may well have referred to you as a work in progress, but in production, a WIP can also stand for a “work in process”. Either way, it is defined as the number of units that are being worked on at a given time at a given production facility. The term refers to work