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5 Quality Metrics Predicting The Future Of Manufacturing

IQMS

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. The future of manufacturing is being written today across the millions of shop floors which have chosen to excel at analytics, metrics and Manufacturing Intelligence.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

After a year full of more scandals, indictments, political contentiousness, workplace violence, school shootings and natural disasters, maybe it’s time we all took a collective breath and focused on some of the positives that came out of 2018. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

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Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

Top 25 Supply Chains of 2018

Material Handling and Logistics

Our look at the Top 25 (plus 4) Supply Chains of 2018 examines how the best companies in the world excel at managing their global supply chains. So the CSR score too is more of a popularity contest than a consistent metric. Also, for whatever reason, Gartner limits the scope of the Top 25 to companies in the manufacturing, retail or distribution sectors. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

Top 10 Manufacturing Trends For 2019

IQMS

Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. Manufacturers who excel at orchestrating analytics, Business Intelligence (BI), quality management and real-time monitoring to improve manufacturing strategies are growing 10% faster than their peers. to manufacturing value added in 2020.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. He knew what his cost point had to be on the product which meant that he had to have the product manufactured overseas. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. The post Outsourcing Sourcing!

Global Trends in Digital Supply Chain - 2018 Review

Abivin

The year 2018 saw the increasing use of advanced technology to give more intelligence to logistics operations. With the end of 2018 approaching, let’s look back with Abivin at some of the most prominent trends in supply chain management. Source In the year 2018, Artificial Intelligence (AI) and Advanced Analytics have evolved into the kind of “can’t do without” technology. But what happens when you can’t process a huge amount of data coming from different sources?

Go Boldly Together: Takeaways from Nulogy xChange 2018

Talking Logistics

From May 2016 through the end of August 2017, “17 CEOs of public Big Food manufacturers and retailers had departed, or announced their intention to,” according to an article published last September in Fortune. For Garfield, the old rules for success, based primarily on economies of scale in manufacturing and advertising, are no longer effective. Nulogy xChange 2018: Why Courage is So Important Today. Source: Nulogy.

Real-Time Monitoring Fuels IoT Growth In Manufacturing

IQMS

72% of manufacturers say real-time monitoring is essential for streamlining and making inventory reconciliation more efficient. Manufacturers in the high-performance cohort captured in our latest survey are using real-time monitoring to aggregate metrics and gain a 360-degree view of manufacturing operations accessible from any mobile or handheld device. Source: Capgemini Internet of Things (IoT) study, Unlocking the business value of IoT in operations.

Making Better Manufacturing Decisions With the Help of Machine Learning

Oracle SCM

Manufacturing today is more complex than ever before. context, data is coming in from more and more sources. " Now when we look at the amount of data that is created in the context of Manufacturing, the Industrial Internet of Things, and Global Supply Chains, we can be sure that it is not much different. Is there a correlation between product failures in the field or customer returns & the manufacturing process used?

Delivery is the Product: Takeaways from Transplace’s Shipper Symposium 2018

Talking Logistics

It’s the reason why On Time In Full (OTIF) is a critical supply chain metric today. Transplace TMS Screenshots (source: Transplace). This convergence will continue, not only for Transplace but the industry as a whole, because that is what manufacturers and retailers want: partners that can provide them with the right mix of technology, services, and advice to help them achieve their desired outcomes. “Consumers are the disruptive force today, not technology.”.

The Future of Energy for Manufacturing!

Supply Chain Game Changer

Today manufacturers must continually look for waste reduction, process improvement and supply chain efficiency to meet competitive pressures and their customers’ cost reduction requirements. North American manufacturers who have followed this course have seen significant and sustainable results often with reductions of 25% which in turn helps to maintain and enhance their immediate market position. What role will energy play in the long-term strategy for manufacturers?

Analysts Support a Single Model for Sales and Operations Planning

ToolsGroup

With a single version of the truth, planners can model scenarios for S&OP meetings, so stakeholders from sourcing, manufacturing, logistics, sales, and finance can assess the options and trade-offs. Uniting planning and operations in one model also enables companies to reconcile customer constraints with their own high-level decisions and performance metrics.

S&OP 159

Making Sense of Supply Chain 4.0

Material Handling and Logistics

Manufacturing production is a strong adherent to Murphy’s Law. Digital transformation can use IoT to continuously monitor machines on the shop floor, track key performance metrics and then use predictive analytics to understand what these performance metrics mean for yield, quality or the likelihood of machine failure. What, exactly, can 'digital transformation ' improve upon?

One Man’s Trash: How Blockchain Can Target Food Waste to Help End World Hunger

Material Handling and Logistics

For organizations that source products from suppliers in remote regions, blockchain can provide clarity in an otherwise murky journey from harvest to retail. billion metric tons—gets lost or wasted. What’s more, net food losses in developed countries (222 million metric tons) equate to nearly all of the food produced in Sub-Saharan Africa yearly (223 million metric tons). From the wholesale manufacturers in Iowa to the farmers in Bangladesh, change is coming.

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Why a Cashmere Sweater Can Cost $2,000 — or $30

Supply Chain Brain

The price depends on the quality of the yarn, where the garment was manufactured, the number of units purchased by the brand, and the markup. These days, manufacturers frequently make the clothes out of a mix of lengths to balance quality with cost. Quality & Metrics SC Analysis & Consulting Global Supply Chain Management Apparel Retail All Technology Sourcing/Procurement/SRM Home Page Latest News Home Page Slider Featured Content

5 Technology Trends Manufacturers Are Relying On For Growth in the Second Half of 2018

IQMS

86% of the top 100 companies in R&D spending worldwide are from the manufacturing industry also according to Deloitte. Manufacturers are investing the most in the areas of ERP upgrades and new apps, mobile apps that scale across all shop floors, optimization and predictive analytics including Business Intelligence (BI), quality management, and real-time monitoring based on a recent IQMS survey. Every manufacturer’s business is at an inflection point today.

Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

Just about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. Most global supply chains are made up of multiple tiers of manufacturing, stretching from production of raw materials to final assembly. Often it’s those deeper levels that are the source of violations or inadequate working conditions. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRM

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

million metric tons (or 60% of the world’s supply). million metric tons. However, as standards for sourcing become more strict, these big players may lose business if they fail to provide visibility into their supply chains. It’s estimated that locating enough new sources to meet these demand spikes would take about 30 years — a long-term solution for a short-term need. Questions about how the auto-manufacturing giant would meet production goals arose soon after.

What Supply Chain Risks are Threatening Your Company?

Enterra Insights

Common sense alone tells you automobile manufacturers face different risks than cosmetics manufacturers. ”[1] The report focused on four key metrics: supplier criticality, supplier financial risk, global sourcing risk, and foreign exchange risk. If you are an upstream supplier or a downstream retailer, different metrics must also be considered. ” IndustryWeek , 18 May 2018. [3]

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Identifying sources of risk and developing a plan are only part of the story. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. What alternative plants/factories/sources of supply do they have at their disposal? Following the devastation caused by Hurricane Maria in Puerto Rico, drug manufacturing plants were faced with production delays, fueling nationwide shortages of basic medicines.

Customer Experience Driving Innovation for High-Performing Companies

Talking Logistics

To gain insights on that question and more, Adelante SCM and BluJay Solutions conducted a web survey of supply chain and logistics professionals in March 2018. A total of 137 respondents completed the survey from Manufacturing, Retail, Logistics Service Provider, and other companies in the Americas, EMEA, and APAC. Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, August 2018.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

On the supply side, however, there is less and less room for manufacturers to absorb additional costs as volatile input prices put the squeeze on margins and the marketing investment required to differentiate branded products from private-label competitors continues to rise. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor!

Analytics and the Digital Supply Chain

Enterra Insights

“By the end of 2020,” asserts the editorial staff at Material Handling & Logistics (MH&L), “one-third of all manufacturing supply chains will be using analytics-driven cognitive capabilities, thus increasing cost efficiency by 10% and service performance by 5%.”[1] Data comes from both internal sources and external trading partners to focus analytics at a network level. Data comes from public and unstructured sources and the IoT.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

manufacturers found that 60% of the companies operating in China are considering moving operations to other Southeast Asia countries in the next few years. With sourcing spread over multiple geographies requiring logistics moves that involve multiple entities and numerous handoffs between 3rd party providers, and customs and regulatory agencies at both ports of export and import; the ability to effectively manage the global supply chain is challenging under the best of circumstances.

Who Needs Quality Management?

Oracle SCM

With such an approach, companies are working in a sub-optimal manner, and then start to face these types of challenges: - Quality metrics are either not available or are incomplete. - Inability to view real-time metrics. In Manufacturing, the focus is on preventive actions, non-conformance reports, part inspections and as well documents control. Maintenance Manufacturing Oracle Supply Chain Management Product Lifecycle Management Supply Chain Management Supply Chain Plannin

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

The nodes in the Supply Chain are those facilities that are involved in the end-to-end manufacture, processing, distribution, and consumption of goods. Supplier and Company Manufacturing facilities, Warehouses, Distribution Centres, Retail outlets, Return and Repair operations and Consolidation points are all Supply Chain nodes which use resources to perform their processing activities. Low cost sourcing is a predominant reason for this geographically dispersed network.

50 expert tips on logistics planning and strategy

6 River Systems

“Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response. Study the needs of your supply chain in order to make informed predictions. “Many manufacturers practice demand-driven logistics, meaning they are focused on their customers’ buying signals. Sit down with your executive team and really brainstorm what metrics matter to your business.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

million metric tons (or 60% of the world’s supply). million metric tons. However, as standards for sourcing become more strict, these big players may lose business if they fail to provide visibility into their supply chains. It’s estimated that locating enough new sources to meet these demand spikes would take about 30 years — a long-term solution for a short-term need. Questions about how the auto-manufacturing giant would meet production goals arose soon after.

Collaboration and Visibility in the Supply Chain

Oracle SCM

Often this data is rolled up organizationally, geographically or in distribution through performance metrics or key performance indicators (targets change with these roll ups). A high-tech contract manufacturer was growing rapidly through acquisition. Drive acquired sites from traditionally local, higher priced sources, to the best commodity prices. Tom McDonough , Sr. Director Product Marketing.

Supply Chain Goals: Gracefully Overcoming the Hurdles of Global Sports Events

BluJay Solutions

The 2018 FIFA World Cup soccer championship has drawn millions of sports enthusiasts to Russia. All these goods have to be transported on time from their supplier or manufacturing location — often at the other end of the world — to the stadium or the athletes’ lodgings. million shipped items and 60 metric tons of air freight.*. Source: [link]. If supply chain is the ultimate team sport, nothing tests the game strategy and teamwork like a worldwide event.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Identifying sources of risk and developing a plan are only part of the story. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. What alternative plants/factories/sources of supply do they have at their disposal? Following the devastation caused by Hurricane Maria in Puerto Rico, drug manufacturing plants were faced with production delays, fueling nationwide shortages of basic medicines.

The blockchain revolution: audit efficiency & trust in sustainably certified supply chains

Provenance

It documents ideas for how certifiers can leverage blockchain technology to reduce audit inefficiency, create a single source of truth for chain of custody (CoC) tracking and support sustainability data reporting. A single source of truth for chain of custody tracking. To overcome this challenge, blockchains could provide a single source of truth for the movement of goods across all actors in a supply chain.

Using Data To Align Your Sales and Supply Chain Teams

Silvon Software

This can be accomplished by integrating data sources from the two business functions and providing visibility across both in order to gain a unified view of the customer that will best serve both their customers and the enterprise as a whole. For manufacturing businesses that sell through retail channels, such patterns can be analyzed from both customer orders and actual retailer sell-thru data. Take A Customer-Focused Approach To Metrics.

Getting Bangladesh’s Apparel Industry on the Map

Supply Chain Brain

Penney , Benetton and Carrefour , were reported to have products being manufactured at the Rana Plaza factory. Chief executive officer Leonardo Bonanni was instrumental in designing the latest version of the Higg Index , a tool for allowing brands, retailers and manufacturers to assess their sustainability performance. Illegal subcontracting at Rana Plaza resulted in many foreign brands losing faith in the country as a legitimate source of offshore production.