In today’s fast-paced product development landscape, small and midsize businesses (SMBs) often rely on external partners to scale efficiently. Joint development manufacturers (JDMs) are frequently tapped for design expertise, while contract manufacturers (CMs) handle procurement and production. This model offers agility and access to specialized capabilities, but it also introduces risks that...

From 3D printers to portable power systems, meticulous bill of materials (BOM) management keeps complex industries moving by preventing costly errors, reducing bottlenecks, and ensuring every part and change order is tracked, compliant, and up to date. As companies seek greater efficiency, agility, and collaboration across product development and supply chains, BOM management continues...

Expediting costs—those extra charges incurred by rush materials, components, or production—are a persistent challenge in manufacturing. Whether it’s last-minute air freight, premium payments to brokers, or overtime for engineering services, these costs can erode margins and disrupt budgets. But what really drives these costs, and how can organizations better manage or even avoid them? Drawing...