Remove Aerospace Remove Manufacturing Procurement Remove Metrics Remove Shipping
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. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.

article thumbnail

Prescriptive Analytics for Supply Chain Optimization: 6 Powerful Use Cases 

ThroughPut

These analytics techniques serve as essential tools to transform descriptive metrics into actionable insights and informed decisions. ThroughPut’s prescriptive analytics capabilities helped them uncover critical insights and recommendations around: How often over the past period and year has a particular customer expressed purchase interest?

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Source: Machine Learning – A Giant Leap for Supply Chain Forecasting, Material Handling and Logistics Conference (PDF, 28 pp.,

article thumbnail

Procurement KPIs & Metrics: What To Focus on and How To Measure

Precoro

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

article thumbnail

Will Arrogance Stunt your Growth?

Supply Chain Shaman

Which supply chain metrics correlate to market capitalization by Morningstar sector? Amazon can now deliver almost every category of item to your home with no shipping cost for Amazon Prime customers. Performance-based logistics in aerospace and defense changed the A&D industry forever. Results of the Supply Chain Index.

article thumbnail

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Aerospace Industry is characterized by high material costs (about 65-80%). Manufacturing systems and regulatory compliance are considered to be very complex, coupled with the limited number suppliers due to the high barriers to entry. Moreover, products can be shipped to stores in-time then lost sales is minimal.

article thumbnail

Examples of How Supplier Quality Management System Implementations Pay Off

GlobalTranz

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Without great relationships with those carriers we would be unable to serve our shipper customers in the best way possible.