ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. Just-In-Time (JIT) Inventory Management, also known as lean manufacturing or the Toyota Production System (TPS), is a strategy that aligns raw-material orders from suppliers directly with production schedules. How Does Just-In-Time (JIT) Work?

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

QAD

JUNE 6, 2024

Surprisingly, in 2024, spreadsheets and manual efforts are still pervasive and more common than one might think. Additionally, it enables a manufacturer to rapidly create scenarios to optimize different demand and supply inputs, facilitating informed business decisions. Further Resources Webinar: IBP: Think In & Out of the Box!

S&OP 53

S&OP Supply and Demand Supply Chain Planning Software Analytics Software 53

The Logistics & Supply Chain Management Society

OCTOBER 14, 2021

trillion industry by 2024 , consisting of not only food, but also cosmetics, pharmaceuticals, modest fashion, media & creation, and Muslim friendly travel. A halal value chain approach to halal is about the halal DNA of a company, which includes human resource management (HRM). I would certainly recommend before the year 2024.

Pharmaceutical 237

Pharmaceutical Buyer Training Supply Chain Software Supply Chain Strategy 237

ThroughPut

MAY 3, 2024

As we step into 2024, the world of logistics isn’t what it used to be. From a manufacturing perspective, the best logistics management software facilitates effective planning of the supply chain itself and implementation of the final delivery to the end consumers. We’ve all been witness to this! Logistics has, however, come a long way.

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

Supply Chain Matters

NOVEMBER 2, 2023

per hour, beginning on January 1, 2024. based manufacturing presence. This column concludes with the following perspective: “ Zero-sum thinking predominates in collective bargaining, which by its nature pits union and management against one another, for shares of one company’s finite resources. per hour, to $34.80 per hour.

Resource Reduction 64

Resource Reduction Cost Reduction Strategies Manufacturing Procurement Journal 64

Supply Chain Matters

NOVEMBER 14, 2023

production worker hourly wages starting in January 2024. Bloomberg Intelligence credit analyst Stephanie Kovatchev is cited as indicating that Maersk ’s free cash flows could turn negative in 2024 and possibly weigh in on the carrier’s existing bond rates. The move will reportedly increase existing hourly wage rates 25 percent by 2028.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Cost Reduction Strategies 52

Supply Chain Matters

AUGUST 16, 2023

Plans established for 2024 were to increase production capacity to 85,000 vehicles. billion in cash resources last year and with Wall Street analysts anticipating another $6 billion this year, the pressure was mounting. Having burned through $6.6 The company ended Q2-2023 with a reported $10.2

Supply Chain Design Software 52

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Supply Chain Matters

FEBRUARY 20, 2024

Airbus, by comparison, has been much more conservative with its balance sheet, giving it greater resources to respond to the pandemic. ” They are tenets which have been incorporated not only in automotive industry but other discrete manufacturing settings. That includes whatever engineering and technical resources that may be required.

Supply Chain Network Software 52

Supply Chain Network Software System Sourcing Strategies Resource Reduction 52

ModusLink Corporation

DECEMBER 13, 2022

Carrier rates are declining across the board, and Seatrade Maritime News reported an “expected trough of freight rates to mid-2023 from 2024 with a lower demand forecast and a higher than expected effective capacity increase due to the unwinding of congestion. Carriers Will Lower Rates But Keep Many Others.

Agile and Lean Supply Chain 78

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Supply Chain Matters

JANUARY 16, 2024

Inside Boeing’s Manufacturing Mess ( Paid subscription ), was far reaching in the implications of the latest incident. Further noted as part of the observations of this white paper: “ The performance of the prime manufacturer can never exceed the capabilities of the least proficient of the suppliers,” Hart-Smith wrote.

Alaska 52

Alaska Manufacturing Procurement Price Reduction Sourcing Strategies 52

Supply Chain Matters

SEPTEMBER 19, 2022

with commercial volume operations by the end of 2024. According to the report, Tesla intends to utilize a more environmentally friendly process for producing the battery friendly raw ore and ship that ore by truck or rail to Tesla’s various other battery manufacturing sites. or by free-trade agreement partners.

Supply Chain Network Software 52

Supply Chain Network Software Network Optimization Manufacturing Procurement Supply Chain Planning Software 52

Resilinc

JANUARY 31, 2024

Learn the best practices for supply chain risk management in 2024 from Resilinc, the gold standard for supply chain resiliency. In this blog, our supply chain experts share their list of ins and outs for supply chain risk management in 2024, from diversifying your supplier base to mapping your supply chain down multiple tiers.

Supply Chain Risk Management 103

Supply Chain Risk Management Supply Chain Planning Software Risk Management Material Savings 103

ThroughPut

MAY 30, 2024

Material Requirements Planning (MRP) is a critical tool for manufacturers to effectively manage production scheduling, inventory control, and supply chain planning. The software-based system helps manufacturers plan and schedule the materials and components needed to produce finished goods. What is Material Requirements Planning (MRP)?

Material Savings 52

Material Savings Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement 52

Supply Chain Matters

MARCH 15, 2024

Product Announcements In conjunction with this tech provider’s Oracle Cloud World, London event, and this tech provider’s spring applications update, there were a number of product announcements, including those related to ERP , supply chain and manufacturing applications process support.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Forecasting Software 52

ThroughPut

MAY 21, 2024

PALO ALTO, CA, May 21, 2024 /PRNewswire/ — ThroughPut Inc. , All our supply and cold chain solutions work with data from a company’s legacy data platforms, including ERP, WMS and procurement systems, eliminating the major operational disruption associated with platform replacement.”

Optimal Sourcing 52

Optimal Sourcing Material Savings Predictive Analytics Software Analytics Software 52

The Logistics & Supply Chain Management Society

MARCH 22, 2022

The ship, called Argo, will be powered by fuel cells and green hydrogen (stored in its two hulls) and is planned to launch in Q3 2024. Developing and implementing environmentally sound technologies may require investments and resources today, but container shipping will still be a cost-efficient mode of transport.

Expense Reduction 245

Expense Reduction Cost Reduction Strategies Shipping Resource Reduction 245

ToolsGroup

APRIL 1, 2022

49% of respondents were from the manufacturing industry, 16% from the mechanical engineering sector, and 11% from the automotive market. Resources and Suppliers Tied to Ukraine and Russia. Unfilled jobs and a manufacturing skills gap are expected to cost the United States as much as $1 trillion by 2030. Consultancy UK).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Enterra Insights

AUGUST 20, 2020

These advancements are allowing farmers to pick the optimal way to grow crops, pharmaceutical companies to shorten the development times of new drugs, researchers to track pandemics, and cities to manage their resources in a manner that was pure science fiction at the turn of the millennium. million in 2024.” The power of AI.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Supply Chain Software 150

NC State SCRC

MAY 6, 2024

Indeed, the field has also exploded into an entire software industry devoted to a number of various areas, including Manufacturing Planning and Control, OPM, warehouse management systems, transportation management systems, retail assortment planning, and a variety of other areas that are now evaluated annually by Gartner. Think about it.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Gartner 52

OptiProERP

SEPTEMBER 10, 2021

Modern businesses rely on Enterprise Resource Planning (ERP) software to help them collect and organize financial and operational data in a shared database to promote efficiency, as they scale. billion by 2024.” Procurement. Manufacturing. Procurement. Manufacturing. Human Capital Management.

Manufacturing Procurement 96

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Inventory Management Software 96

Unleashed

MARCH 5, 2024

Investors and customers alike are demanding more transparency around how a company operates – making sustainability in the supply chain essential to SMEs in 2024. Magnus Firth, Workshop Manager at Renewable Parts, tells us procurement is a key issue. Richard points out that a restricted budget need not be a hindrance. “If

Sustainability 52

Sustainability Supply Chain Planning Software Supply Chain Planning Supply Chain 52

Supply Chain Matters

FEBRUARY 9, 2023

Just as we published our commentary, Boeing announced that the company initiated plans to add a fourth 737 MAX production line by the second half of 2024 in order to meet airline demand for this aircraft. Also reported was a securities filing indicating that Boeing had plans to hire upwards of 10,000 workers in 2023.

Resource Reduction 52

Resource Reduction Cost Reduction Strategies Report Seattle 52

ThroughPut

JUNE 24, 2022

At the same time, global spending on IIoT Platforms is predicted to grow from $1.67B in 2018 to $12.44B in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years. AI can also analyze workplace safety data and inform manufacturers about any possible risks. Scouting for the Needle in the Supply Chain Haystack.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Supply Chain Matters

JANUARY 26, 2024

A further obvious broader impact concerns the aircraft maker’s extended supplier network which was planning capacity and resources to support expansion of monthly production volumes. Bob Ferrari © Copyright 2024, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. All rights reserved.

Alaska 52

Alaska Quality Supply Chain Planning Supply Chain Design 52

Supply Chain Matters

NOVEMBER 10, 2023

The next batch of 600-700 engines will reportedly require unscheduled inspections and/or removals in the 2023 through 2026 period, with reportedly two-thirds weighted toward this year and into early 2024. The implication of this plan is estimated to imply 650 global aircraft grounded during this peak period.

Supply Chain Planning Software 52

Supply Chain Planning Software Modeling Manufacturing Procurement Supply Chain Planning 52

Supply Chain Matters

JANUARY 9, 2024

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares samples of individual prediction snapshots that will be included in our Annual 2024 Predictions for Industry and Global Supply Chains Research Advisory publishing later this month. in 2023, replacing China.

Predictive Analytics Software 52

Predictive Analytics Software Material Savings Agile and Lean Supply Chain Sourcing Strategies 52

Supply Chain Matters

OCTOBER 31, 2022

CEO Guillaume Faury indicated the aerospace manufacturer delivered a solid nine-month performance in a complex environment that included an ongoing “ fragile supply chain.”. based aircraft manufacturer generated $2.9 Financial Performance. On a positive note, this U.S.

Supply Chain Performance 59

Supply Chain Performance Supply Chain Design Software Supply Chain Design Supply Chain Software 59

RFgen

NOVEMBER 21, 2019

This is no surprise, since retail relies on inventory management software and hardware to track, procure and supply its products. A 2019 Warehousing Vision Study conducted by Zebra Technologies indicated that 80% of warehousing, distribution and fulfillment centers plan to invest in more automation and human augmentation technology by 2024.

Supply Chain Software 54

Supply Chain Software Inventory Reduction Inventory Management Software Warehousing 54

RFgen

NOVEMBER 21, 2019

This is no surprise, since retail relies on inventory management software and hardware to track, procure and supply its products. A 2019 Warehousing Vision Study conducted by Zebra Technologies indicated that 80% of warehousing, distribution and fulfillment centers plan to invest in more automation and human augmentation technology by 2024.

Supply Chain Software 52

Supply Chain Software Inventory Reduction Inventory Management Software Warehousing 52

Vinculum

JUNE 15, 2020

Warehousing is critical in movement of goods from manufacturer to the end customer. The market is further projected to reach INR 968 Billion by 2024, growing at a CAGR of 9.5% during 2019-2024. The Indian warehouse market was worth INR 561 Billion in 2018. The Indian warehouse market was worth INR 561 Billion in 2018.

Warehousing 52

Warehousing Inventory Reduction Cost Reduction Strategies Resource Reduction 52

Supply Chain Matters

OCTOBER 11, 2023

With that stated, the agency references concerns for “ the persistent manufacturing slowdown ” as a suggestion that labor markets and activity will soften in 2024. percent in 2024. percent in 2024. percent in 2024. percent in 2024. percent in 2024. World economic growth will reportedly slow from 3.5

Forecasting 59

Forecasting Forecasting Software Global Price Reduction 59

Supply Chain Matters

MAY 15, 2024

percent to 25 percent in 2024. Over the next three to five years, China is expected to account for almost half of all new capacity coming online to manufacture certain legacy semiconductor wafers.” Electric Powered Vehicles The tariff rate on electric vehicles under Section 301 will increase from 25 percent to 100 percent in 2024.

Manufacturing Procurement 59

Manufacturing Procurement Supply Chain Network Software Sourcing Strategies Price Reduction 59