Supply chain initiative to connect small and big companies in US

The success of advanced manufacturing is in efficient-management of supply chain. IT systems play a central role in having a big database of products from thousands of manufacturers and suppliers. Components can be selected and managed easily and efficiently using networked information management systems. The leading semiconductor chip foundry Globalfoundries along with other partners launched National Supply Chain Network Initiative (NSNI) where small and mid-size manufacturers get connected to large manufacturers and suppliers. The small manufacturers get access to expertise of existing organisations. Globalfoundries says the aim of this project is to create a scalable model and provide tool to build a more robust US supply chain and grow the US manufacturing base. “As it becomes more evident that the success of modern manufacturing will be an integral part of the growth of the U.S. economy, it is apparent that a strong linkage between all size manufactures and access to innovation is imperative to ensure that the U.S. manufacturing sector can compete and lead in the global economy,” said Mike Russo, senior manager, government relations, Globalfoundries. “Large manufacturers need to be able to easily identify smaller manufacturers who are able to supply needed goods and smaller manufacturers need to know where their potential markets lie and have access to the latest inn...