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Digital Twins and Phygital Fitness

Enterra Insights

This technology took a step further in 2002 when Michael Grieves publicly introduced the concept and model of the digital twin at a Society of Manufacturing Engineers conference in Troy, Michigan. Real-time visibility into locations and conditions (temperature, humidity, etc.) will be taken for granted.

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Inflation is Back Up – Are you Ready?

Herlitz Inventory Management

Growing up with a father who developed inventory management software for a living spawned some interesting conversations around the dinner table. It hasn’t been lost here at Herlitz Inventory Management! Since 2009, when Herlitz Inventory Management was founded, annual inflation has been below 3 percent in the US. War on Terror.

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Getting Ready for 2017: Reflections on Telling Lies

Supply Chain Shaman

In a nutshell, the research states there is a correlation between cost, inventory, and forecast performance. My problem is I see many organizations working hard on the forecast, but not improving inventory and replenishment processes; and, I think that the Hierarchy of Metrics did not go far enough. Just the opposite. Reflections.

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BR Williams’ ISO 9001 Certification Journey: ISO 9001 Quality Management Certified

BR Williams Supply Chain Management

We started our Logistics Division in 2010, which became its own L.L.C. BR Williams has been an ISO 9001 Quality Management-certified company since 2002. With standardized procedures, businesses can reduce the likelihood of errors in order processing, inventory management, and shipment handling.

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Nearshoring & Reshoring Will Continue to Increase Thanks to these Main Benefits

GlobalTranz

It was cheaper than producing products in the US, manufacturers could produce large inventories with little capital up front, and consumers did not really have a public voice. These recall counts point to sizeable growth over the past decade in the recall notices of Chinese-made consumer goods from 58 in 2002 to 153 in 2014.

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History and Evolution of Supply Chain and Logistics

SCMDOJO

Logistics was first applied and recognised in military operations, its most significant impact is felt through the functions of production, distribution and consumption (Rodrigue and Slack, 2002). Also, traditional logistics focuses its attention on activities such as procurement , distribution, maintenance, and inventory management.

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How Supply Chain Strategy Misalignment is Killing Kmart USA

Logistics Bureau

The two companies switched positions in 1991, an event which heralded the start of a decade-long decline for Kmart, which ended in bankruptcy in 2002 and led to a subsequent merger with Sears in 2004. Vendor-managed inventory programs. To improve supply chain visibility using real-time inventory monitoring.