article thumbnail

Big Data, Analytics, and Industry 4.0

Enterra Insights

The BCG analysts explain, “Today, another workforce transformation is on the horizon as manufacturing experiences a fourth wave of technological advancement: the rise of new digital industrial technologies that are collectively known as Industry 4.0.” So, it’s not a question of if but when AI will become the norm in the manufacturing sector.

article thumbnail

Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. Leveraging predictive analytics is as close as business leaders will come to having a crystal ball. ”[4].

Insiders

Sign Up for our Newsletter

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

article thumbnail

ToolsGroup Acquires Evo for Industry Leading Responsive AI

ToolsGroup

The Evo capabilities in non-linear optimization, quantum learning, and advanced prescriptive analytics will enable us to make the next leap in our journey toward Decision-Centric Planning. ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty.

article thumbnail

5 Reasons Why The Use of the IIoT by Manufacturers Is Unavoidable

GlobalTranz

The Industrial Internet of Things ( IIoT ) has been a major topic among manufacturers and third-party logistics providers ( 3PLs ) for several years. However, the IIoT is beginning to encroach on all aspect of manufacturing and supply chain management for its wide-ranging deployment and application to improving processes.

article thumbnail

The Remedy for Inefficiencies in Contract Manufacturing

QAD

Our health care industry depends on the pharmaceutical and medical device industries, and they, in turn, depend on contract manufacturing organizations (CMOs) for their outsourced manufacturing. Like other manufacturers, CMOs lose efficiency due to the ongoing effects of disruption on their operations.

article thumbnail

Industry 4.0: The Emergence of Cognitive Manufacturing

Enterra Insights

The BCG analysts explain, “Today, another workforce transformation is on the horizon as manufacturing experiences a fourth wave of technological advancement: the rise of new digital industrial technologies that are collectively known as Industry 4.0.” ”[2] Computers and digital manufacturing ushered in other Industry 4.0

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.