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Trends 2022: Manufacturing

Enterra Insights

Technology writer Dennis Scimeca ( @DennisScimeca ) explains, “Just like manufacturers that failed to switch from manual to automated processes during the Industrial Revolution found themselves obsolete, so it goes with the digital era. Increased Automation. ”[6]. ” Rise of the Smart Factory.

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Optimising Supply Chain Management in Industry 4.0

The Logistics & Supply Chain Management Society

Optimising Supply Chain Management in Industry 4.0. Supply Chain management has undergone transformation since industry 4.0 began in 2011. Not all businesses were on board with implementation of smart technologies in supply chain processes, as some businesses found it challenging to embrace Industry 4.0

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Can Supply Chain Ever be Cloud Native?

Elementum

The next generation of cloud native computing could change the way supply chain does business. Executive Summary Wherever your company finds itself on the technology adoption spectrum, you’ve probably already concluded that cloud computing has taken over the world, or you’re preparing for that eventuality in the near future.

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Ford Motor’s Warning of Added $1 Billion in Supply Chain Costs- Another Signal

Supply Chain Matters

Supply Chain Matters highlights this week’s news related to Ford Motor in having to warn investors of an unanticipated $1 billion in added quarterly supply chain costs. Implied is that these vehicles will remain as factory inventory until needed components arrive and customer or dealer orders can then be fulfilled.

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What Caused the Baby Formula Shortage + 7 Ways Consumers and Companies are Coping

ToolsGroup

To understand the state of this latest supply chain crisis–and when it will end–this guide to the 2022 baby formula shortage breaks down: The cause of the baby formula shortage. The Risk of Outdated Forecasting Software. Outdated forecasting software only increases the risks surrounding a disrupted supply chain.

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What is Economic Order Quantity & its Advantages

SCMDOJO

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. S = Cost per order.

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How to Change Your Inventory Management Strategy in the Omnichannel Era

Elementum

e-commerce market has nearly doubled in size since 2011, and is forecast to grow to $737B by 2022. As recent losses by H&M and other major brands illustrate, poor inventory management can be a major cause of financial distress. There are a few solutions for the problem of inventory management in the omnichannel era.