Top 10 2020 Manufacturing Trends

IQMS

Bottom Line: 2020 manufacturing trends are driven by manufacturers’ strong confidence in their ability to deliver high-quality products that earn repeat orders while delivering excellent customer experiences. Running lean and struggling to find the employees they need to keep up the pace of production across their shop floors, small and mid-tier manufacturers are prioritizing Inventory Control and Scheduling to make themselves as efficient as possible.

Leveraging Digital Technologies To Reinvent And Accelerate Supply Chain Automation – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

The need for more visibility and control in logistics, is needed to closely monitor the activities related to their inventory, sales, and transactions. Real-time stock visibility along with low stock alerts enables end-to-end inventory lifecycle management.

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

Logistics Experts from SSI Schaefer Implement Automated Deep-Freeze Warehouse in Manila, Philippines – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

In Taguig, ORCA together with SSI Schaefer built the first fully automated deep-freeze warehouse with temperatures from -18°C to -25°C on a floor space of one hectare and opened the facility in February 2020. LogiSYM Supply Chain Magazine – October/November 2020.

Optimising M&M Spares Supply Chain – LogiSYM August 2020

The Logistics & Supply Chain Management Society

15% decrease in inventory. With Blue Yonder capabilities, Mahindra & Mahindra Spares Business Unit (M&M SBU) now has greater visibility regarding demand, inventory, supply and distribution plans and are able to make more accurate and timely supply chain decisions.

India 163

Realizing the Value of Supply Chain Optimization for Tire Manufacturing

DELMIA Quintiq

New technologies revolutionizing transportation are creating tremendous opportunities but also unprecedented challenges for tire manufacturers. Leveraging DELMIA’s planning solution, powered by the 3D EXPERIENCE platform, tire manufacturers can realize these benefits: Long-term benefits.

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

As an offspring of globalisation, supply chains are focused on optimisation – cost reduction, just-in-time deliveries and tight inventory-to-sales ratios. A significant paradigm shift in procurement and inventory control is an emerging area of focus. – LogiSYM July 2020.

UAE 198

Revealing the Value of Additive Manufacturing in Aerospace and Defense

DELMIA Quintiq

What aerospace manufacturers need is agility in their design and production processes to help mitigate the variability in supply and demand. Additive Manufacturing (AM) is one innovation in which aerospace companies have significantly invested to try to address some of their unique challenges.

The Future of Supply Chains Post COVID-19 – LogiSYM July 2020

The Logistics & Supply Chain Management Society

But companies will have to go beyond the usual inventory optimisation. . Extensive experience in Manufacturing, Aerospace, Automotive, Retail, Heavy Industries, Pharmaceuticals, Mining, Oil & Gas. LogiSYM Supply Chain Magazine – July 2020. – LogiSYM July 2020.

Optimization and Execution: How Manufacturing can lead the Industry Renaissance

DELMIA Quintiq

Global manufacturing today faces significant operational challenges. How should manufacturers adapt to meet the challenges and shift from product-centric to customer-centric operations? In addition to adapting strategic operations, manufacturing companies also require a tactical ability to plan and execute flawlessly at the facility level. Manufacturing Operations Management (MOM) and Planning & Optimization are both critical parts of the optimal solution.

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. This boosts revenues and optimises inventory. This can be applied to inventory management, fleet and order tracking, ID badging. 2020), Impact of Industry 4.0

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory. The bullwhip effect refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. Article August 2020

Staying Ahead of Supply Chain Paradigms – LogiSYM September 2020

The Logistics & Supply Chain Management Society

But alternative models are emerging, including distributed manufacturing enabled by robotics, artificial intelligence (AI) and 3D-printing, distributed intelligence brought about by the internet of things and distributed labor enabled by the internet and mobile devices. Global CO2 emissions were over 5% lower in Q1 2020 than in Q1 2019, mainly due to a 8% decline in emissions from coal, 4.5% Work-from-Home, Trust & The Friday Factor – LogiSYM September 2020.

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

The GCC chemical industry is second largest manufacturing industry in value add, after refining. Slowing demand means 6% lower imports from the GCC vs 2019 and 10% lower than 2020 forecast before the virus outbreak.” Overcoming these challenges, regional chemical manufacturers and suppliers are now forced to rethink and readjust their global supply chain model. Work-from-Home, Trust & The Friday Factor – LogiSYM September 2020. Article September 2020

How Do You Plan for the Unpredictable? Advice for Supply Chain Planners in 2020

ToolsGroup

Inventory (and therefore customer service level attainment) has faced unprecedented stress this year. One of our customers, kitchen equipment manufacturer Franke , has been using planning software to minimize supply chain disruption.

Inventory Replenishment Underway

Logistics Trends and Insights

Census Bureau inventory data, for June, indicates the need for inventory replenishment as the seasonal-adjusted sales to inventory ratio declined to 1.37 Total business inventories declined 2.3% for June/May while inventories declined 5.8% Inventory Replenishment.

How Barcode Scanning Can Revolutionize Your Inventory Management

DELMIA Quintiq

Implementing something as simple as barcode scanning can completely transform your inventory management system. inventory optimization and management. These systems require barcode labels or tags to be affixed to bins or individual inventory parts. Coupled with inventory management software, the codes become an extremely effective tool. E-commerce platforms can be updated in real-time with current inventory levels.

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” As supply chain complexity and competition escalate, so do related manufacturing challenges. Excess and obsolete inventory. Cited: 2018 KPMG Global Manufacturing Outlook study.

It’s Time to Connect Manufacturers and Suppliers within the Value Network

DELMIA Quintiq

A manufacturer’s operations are constantly exposed to the risk of inconsistent supply. Upheavals in one country can heavily impact manufacturers worldwide, too. Manufacturers realized that they had no backup plans for the production of components critical to their operations. To avoid throttling or temporarily shutting down production plants in the event of a massive disruption, manufacturers need to strengthen relationships within their global sub-tier supplier networks.

Inventory Management Beyond the Mystery (Ebook)

Supply Chain Game Changer

Inventory is everywhere you look. Everyone and every company has inventory of some kind or another. In your cupboards and closets, attics and basements at home you have an inventory of goods. Inventory makes the world go around. Subscribe Here! Email Address.

eBook 77

How Steel Manufacturers Can Thrive in a Changing Environment

DELMIA Quintiq

Very often, legacy systems or spreadsheets are the go-to solutions for locally planning every resource in the steel plant — inventory, machine allocation and workforce. We empower metals manufacturers with a solution that can generate the best plan for the future, by: Incorporating all constraints, business rules, regulations and preferences. Industrial Equipment Industry Standards Manufacturing Calculations KPI Based planning steel steelmaking

Ending Inventory Explained: How to Calculate and Its Importance

Unleashed

Calculating how much ending inventory you have on hand at the end of a financial year can often be a stressful challenge. You’re likely juggling between creating inventory reports and fulfilling end of year sales. We’ll shed some light on: What is ending inventory.

Bristlecone Flash – October 2020

Bristlecone

For one manufacturing client, a recent diagnostics assessment identified key opportunities in supply chain planning process improvements, logistics optimization and reporting enhancements. New client engagements in life sciences, hi-tech and manufacturing.

What is Inventory Shrinkage?

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Shrinkage article and permission to publish here provided by Jake Rheude at redstagfulfillment.com. There are many terms for inventory shrinkage: warehouse shrinkage, product shrinkage, loss of product.

Time for Manufacturers to Throw Out Old Ideas About Inventory Management

Supply Chain Brain

Innovative supply-chain strategies that seemed so perfectly attuned to current purchasing patterns have turned out to carry a lot more risk than their creators could ever have imagined

11 Inventory Management Best Practices

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Use ABC Analysis to Categorize Your Inventory. Recognize the Relationship Between Sales and Inventory.

How Food Manufacturing Software Drives Profit [w Case Studies]

Unleashed

Effective inventory management is crucial to reducing costs in any manufacturing business. Cost reductions in food manufacturing can be achieved by using food manufacturing software that improves ordering processes and minimises overstocking of expensive raw ingredients.

Medical Device Manufacturing in 2021 – The 3 Key Challenges

Unleashed

For medical device manufacturers connected to the Covid-19 pandemic response, 2020 has been a year of growth. However more broadly the industry has faced the same challenges as other manufacturing sectors, with a -4.4% Regulations and Medical Device Manufacturing in 2021.

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits. The place to start for a more efficient inventory stocking strategy is better understanding your demand so you can precisely predict how much goods you need, where and when.

Process Based Inventory Turnover Improvement!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. Too much inventory, especially the wrong inventory, can negatively impact cash flow, return on investment, customer satisfaction, and profitability.

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. Optimized Digital Manufacturing. Contract Manufacturing Supply Chain Continuity.

How A High-Tech Manufacturer Navigated The Pandemic

Logistics Viewpoints

From a supply chain perspective, a robust supply chain digital transformation would involve end-to-end visibility of inventory in motion and inventory at rest in near real-time. And that inventory […].

Cargo 151

Inventory Management Requires More than a WMS

DSI

A supply chain director for a large global manufacturing organization recently told our team, “We have invested heavily in successfully managing inventory and are utilizing our warehouse management system [WMS] to drive our digital transformation efforts and optimize our supply chain.”

Why investors are looking at supply chain technologies in 2020

Requis

Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. That’s where a lot of the money had been deployed up until March 2020. There will be more in-country manufacturing and safety stock.

Eliminating Excess Inventory in India & China for Fortune 500 Food Manufacturer

CHAINalytics

Chainalytics helped a global food manufacturer optimise its inventory levels for a number of SKUs in India and China resulting in reduced working capital requirements and less product waste. Since food and beverage products have a short shelf life, there’s a big upside to getting inventory levels just right. So when our client, a Fortune … The post Eliminating Excess Inventory in India & China for Fortune 500 Food Manufacturer appeared first on Chainalytics.

India 71