Remove 2012 Remove 2021 Remove Manufacturing Procurement Remove Procurement Solutions
article thumbnail

Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Average performance in 2016-2019 across twenty-seven manufacturing sectors on inventory turns, Return on Invested Capital and operating margin was worse than in 2012-2015. Rise in Inventories.

article thumbnail

6 Manufacturing Trends You Need to Know

Arena Solutions

The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. Big data The use of big data is increasing in manufacturing. Breaking it down In the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Save The Supply Chain Leader From Groupthink

Supply Chain Shaman

Business continuity continues to be a risk for many retailers and manufacturers. When it comes to inventory and driving improvement in the face of variability, there are five issues: Poorly Implemented Advanced Planning Solutions. Definition of Form and Function of Inventory: Source Supply Chain Insights. My take away?

article thumbnail

How is AI Revolutionizing Supply Chain Risk Management? 

Resilinc

For example, in the life sciences industry, biopharma companies increasingly rely on contract manufacturing and development organizations (CDMOs) to address biologics manufacturing production and capacity demand. Then, we look at where each company is manufacturing, housing, assembling, and testing.

article thumbnail

Faceless AI Will Not Relegate the Social Side of Business to the Past

MIT Supply Chain

As Lynn Torrel, chief procurement and supply chain officer at Flex, explained the company’s operations during the Covid-19 pandemic, “We’ve had a few escalation calls with suppliers, and you get on a call, and there are critical needs. It helps in negotiating a solution and obtaining mutual commitments to action.

article thumbnail

What is Smart Packaging.

ModusLink Corporation

These stages can be identified as the purchase of raw materials, the production and sale of the final product, and not to forget transportation and distribution. The security of the products can be monitored by research design to increase the safety of the product during manufacturing and assembly, storage and picking, and transport.

article thumbnail

The $30 Billion Secret: How Amazon’s Logistics Saves You Time & Money

SCMDOJO

Cloud and Machine Learning services: Amazon Web Services (AWS) – Provides cloud computing infrastructure, storage solutions, and machine learning services to businesses and developers worldwide. Pharmacy: Amazon Pharmacy – Online service for purchasing prescription medications with home delivery.