What is ABC Analysis?

SupplyPike

Learn about: What an ABC analysis is How you can implement it How Walmart uses it in its daily business. ABC analysis is based on “ The Pareto Principle ,” also known as the 80/20 rule. An ABC analysis helps you clearly assess this effort and also shows the importance of individual factors to the business. Implementing ABC Analysis. Zero in on the component for analysis and specify the success parameters. Make decisions based on an analysis of the categories.

Hosted Managed Services Benefits to Manufacturers

IQMS

Bottom Line: Manufacturers are opting to deploy their ERP systems over Hosted Managed Services to slash high licensing and I.T. The Covid-19 pandemic digitally transformed manufacturing faster than the most persuasive, profitable business case ever could.

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Technology Improves Manufacturing Disaster Preparedness

DELMIA Quintiq

Disaster preparedness is imperative everywhere, but that goes double for the manufacturing industry. Predictive Analysis for Shipping. With the right application of intelligent technologies, manufacturers and supply chain partners can more easily make proactive decisions, like diverting vessels and making other route changes. This branch of technology helps manufacturers on two fronts: backup and disaster recovery.

The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud

Cerasis

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Data Analysis Grew Exponentially, Providing More End-to-End Visibility and Continuous Improvement. Data analysis is the companion of cloud-computing technologies. LinkedIn The post The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud appeared first on Transportation Management Company | Cerasis.

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.

Actionable Insights: Equipment Analysis

QAD

Next, we will provide an overview of the Equipment Analysis Action Center as well as the associated key performance indicators (KPIs). Many manufacturing companies are dependent on equipment and machinery for their production process, so it makes sense to keep close tabs on the health of that equipment. KPIs for Effective Equipment Analysis. KPI highlights for the Equipment Analysis Action Center include: Top Percentage of Equipment with Failures.

ABC Analysis of Inventory: Optimize Business Bottom Line

OptiProERP

ABC analysis strategy is used to classify data into three categories based on the values of the target measured in descending order. You can have more, but too many will complicate your analysis and cycle counting routines. OptiProERP’s manufacturing ERP has a number of dashboards and tools to perform the analysis of your inventory to define the appropriate ABC classifications for you. What type of manufacturing industry do you represent?

4 Signs It’s Time for a Network Analysis

CH Robinson Transportfolio

Company ABC engaged with their 3PL’s supply chain engineer team, who performed a network optimization analysis and made a final recommendation to eliminate 20 of the warehouse locations. Is network analysis is a good fit for your company? In truth, network analysis is a best fit for any organization that is ready, willing, and able to change. Well, that depends on what your analysis unveils. Supply Chain Consulting Services Network Analysis

Root Cause Analysis: A Guide to Making Corrective Actions

USC Consulting Group

One of the most effective methods of analyzing operational breakdowns is to conduct a Root Cause Analysis (RCA). Some of the data needed in order to drive the analysis includes all of the unplanned failure work orders, which component required repair for each work order, and how long each work order took to complete. After conducting a Root Cause Analysis, the management team will have a list of action items.

How to Improve the Execution of Manufacturing Strategies (Pt. I)

QAD

Manufacturers’ strategies don’t always deliver hoped-for results. In this article, we’ll consider the first of two simple steps to reduce risk and improve the chances of a successful manufacturing strategy. Developing a Manufacturing Strategy. Manufacturers are no different from other organizations. That’s not surprising because manufacturing is complex. The leaders of most manufacturers are competent. Structured Planning in Manufacturing .

New Data Insight and Analysis Tool, BluIQ by BluJay, Provides Real-time, Actionable Data Views into Supply Chain Applications

BluJay Solutions

BluJay unveils solution that puts configurable, visual data at the fingertips of any user for faster insights, easy analysis, and better decision-making . May 14, 2020 – BluJay Solutions , a leading provider of global supply chain software and services, announces the launch of BluIQ by BluJay, a data and insight analysis tool that offers real-time, actionable supply chain data in a configurable visual dashboard.

Supply Chain Management: A Content Analysis

SCM Research

2011): Supply chain management: A multidisciplinary content analysis of vertical relations between companies, 1997–2006. I just read an article by Vallet-Bellmunt et al. It gives a good overview of SCM research published in journals related to marketing, logistics, management, and marketing channels.

Value Chain Analysis for Superior Supply Chain - SupplyChainOpz

Supply Chain Opz

Value Chain Analysis for Superior Supply Chain. What is Value Chain and Value Chain Analysis? Convenient sampling has been carried out to determine the current practice of value chain analysis, 20 scholarly articles available via Google Scholar are examined and the results are as below, The results, to me, are surprisingly shocking! One paper cites many lean manufacturing articles instead of Porters so conclusion can be drawn that its Value Stream Mapping. NAVIGATE.

These Top Manufacturing Technology Trends will Fuel a Focus on Customer Experience in 2018

Cerasis

Going back to the Industrial Internet of things (IIoT), the use of Internet-connected technology increases risk in manufacturing. billion in 2018 alone, reports Michael Kotelec of Manufacturing.net , and this will bring a strong, robust boost to efficiency and productivity in manufacturing. Artificial intelligence (AI) tools will reduce delays and simplify customer service across all changes in manufacturing throughout 2018. Manufacturing Technology Trends

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The Complete Guide To Calculating Total Manufacturing Costs

Unleashed

To calculate total manufacturing cost you add together three different cost categories: the costs of direct materials, direct labour and manufacturing overheads. Expressed as a formula, that’s: Total manufacturing cost = Direct materials + Direct labour + Manufacturing overheads.

Streamline Your Supply Chain with a Network Analysis

CH Robinson Logistics

Company ABC engaged with their 3PL’s supply chain engineer team, who performed a network optimization analysis and made a final recommendation to eliminate 20 of the warehouse locations. Is network analysis a good fit for your company? In truth, network analysis is a best fit for any organization that is ready, willing, and able to change. Well, that depends on what your analysis unveils. Business Logistics Supply Chain Business Intelligence Network Analysis

AGCO: Driving a Digital Manufacturing Transformation

Supply Chain Shaman

While many employers would have penalized the employees for tablet breakage , Peggy explored the world of wearables to enable her digital manufacturing transformation. AGCO’s culture of innovation policy deployment enabled employees to pioneer a technology solution for manufacturing. is a publicly held $7B global corporation focused on the manufacturing and distribution of high-tech solutions—tractors, harvest equipment and implements– for professional farmers.

The Exploding Use of Robotics in Logistics and Manufacturing

Cerasis

The world has changed from the oil days of machine assisted assembly lines and manufacturing processes as more robots have entered the workforce. Robotics is not just a way to help companies, but many manufacturers have recognized how robots can improve their supply chain processes, benefit the company, and drive their future success. Driving Forces Behind Robotics in Logistics in Manufacturing. Benefits of Robotics in Logistics and Manufacturing.

Steel Fabrication and General Manufacturing Tips and Tricks for 2015

Cerasis

Now is the Time for Manufacturing to Look at Logistics Efficiency. The source pointed to several trends that are encouraging the adoption of TMS, including better control of data, more comprehensive analysis and the need to support omni-channel supply chains. Manufacturing seems heading for a long awaited comeback. The post Steel Fabrication and General Manufacturing Tips and Tricks for 2015 appeared first on Freight Logistics Company | Cerasis.

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.

Manufacturing Gains From Machine Learning

IQMS

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Bottom line: Machine learning algorithms, applications, and platforms are helping manufacturers find new business models, fine-tune product quality, and optimize manufacturing operations to the shop floor level. New products are proliferating in manufacturing today, and delivery windows are tightening.

6 Manufacturing Trends to Watch Out for in 2016

Cerasis

As we close the year of 2015, we want to take a look at some manufacturing trends for 2016. We look at 6 core areas that manufacturing companies will take a long look at as they gear up for a successful 2016. E-Commerce for Manufacturing. The Internet’s large-scale global penetration has spawned an increasingly large number of technology and web-savvy consumers, creating a huge opportunity for both industrial manufacturers and their end customers.

Trends 191

Lean Manufacturing

LeanCor

3 Tools to Apply Lean Manufacturing Principles. We often find companies (and suppliers to those companies) are skeptical of implementing lean manufacturing principles. Although the application of lean is virtually inexhaustible, here are three tools leveraging lean manufacturing principles to help you get started. The value stream map is a tool used in both lean manufacturing that is used to identify waste. Failure Modes and Effects Analysis (FMEA).

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How Spend Analysis Drives M&A Action

Supply Chain Network

Executives are turning to the bread-and-butter of supply chain management: spend analysis. While spend analysis has historically been a technology and process that’s used in house, companies are now using spend analysis technologies to support M&A action and discover the hard savings opportunities and synergies of a potential acquisition. Paul Martyn is VP of Supply Strategy at BravoSolution, the spend analysis company.

ERP Sustains Manufacturing during COVID-19

IQMS

The COVID-19 pandemic has pushed manufacturers to rapidly shift gears, from addressing work-from-home policies to managing extreme swings in demand and uncertain supply chains. In the process, it has highlighted an aspect of manufacturing ERP that is not as visible in more normal times— business continuity. Never in the history of ERP have we seen it play a bigger role in the continuance of manufacturing operations around the world. All Posts Manufacturing Trends & News

10 Ways Machine Learning Can Improve Manufacturing Today

IQMS

to $2T in supply-chain management and manufacturing. By 2021, 20% of leading manufacturers will rely on embedded intelligence, using AI, IoT, and blockchain applications to automate processes and increase execution times by up to 25% according to IDC. Machine learning improves product quality up to 35% in discrete manufacturing industries, according to Deloitte. to $2 in supply-chain management and manufacturing. 7T value to manufacturers.

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.

4 Big Benefits for the Use & Implementation of Predictive Analytics In Manufacturing

Cerasis

The predictive analytics of the past are becoming more apt and intellectual, powering a new age in manufacturing. Additionally, major manufacturers are working to prioritize predictive analytics and use them to improve production. Let's take a look at the increase in utilization and implementation of predictive analytics in manufacturing and what it means for manufacturers. US and China Lead Prioritization of Predictive Analytics in Manufacturing.

5 Manufacturing Tech Trends You Need to Know to Prevent Risk and Boost Production

Cerasis

The Industrial Internet of Things (IIoT) and the Internet of Things (IoT) are similar, but both function on the connection of equipment to the internet and applying data collected to consumer and business needs, including the needs of manufacturers. From boosting the level of artificial intelligence to promoting better means of mitigating and preventing risks, technology will change how manufacturers grow throughout 2017. The First 5 Manufacturing Tech Trends of 2017.

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Analytics in Distribution and Manufacturing Taking Center Stage

Cerasis

Part of this drive toward more interest in analytics in distribution and manufacturing comes from the ability of analytics to reduce inefficiencies dramatically and increase productivity in both physical and virtual sales environments. Furthermore, analytics are becoming more widely available through the cloud, and manufacturers and distributors of any size can reap significant benefits from implementing analytics in their operation, explains Eric Smith of Modern Distribution Management.

How VR, 3D Printing & Predictive Analytics in the IOT are Currently Powering the Manufacturing Industry

Cerasis

Newer technologies have created entirely new methodologies for improving manufacturing, and the outlook is brighter than ever. So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. Ultimately, manufacturers no longer have to concern themselves with what might sell well in the coming months.

7 Reasons ERP Systems Can Increase the Productivity of Your Manufacturing Industry

Cerasis

The manufacturing industry is experiencing a global boom, and this is the very reason that modern manufacturers need a great ERP solution to improve efficiency. The Manufacturing Industry Faces a Number of Challenges in its Daily Functioning ERP systems can augment smooth workflow and speed up inventory management, manage market fluctuations and supply chain issues. The Trends that Will Forever Shape Manufacturing in 2018 & Beyond. Manufacturing Supply Chain

Root Cause Analysis in the Age of Industry 4.0

Seebo

What is Root Cause Analysis in manufacturing? The post Root Cause Analysis in the Age of Industry 4.0 appeared first on Seebo Blog. Industry 4.0 Insights

What is DFMA (Design for Manufacture and Assembly) Analyses And How Can It Reduce Supply Chain Costs?

Cerasis

Editor's Note: First of all, you may ask yourself, "Why is a 3PL who helps manufacturers with transportation management efficiency be talking about manufacturing efficiency?" The reason, is that we don't only want to provide content about transportation management, although we do right a lot about that, but we also want to give our customers and potential customers, who are primarily manufacturers, other ways they might gain efficiency. Assembly Analysis.

Taiwan Earthquake Supply Chain Impact Analysis White Paper

Resilinc

This analysis is organized into five parts: Summary of the earthquake event. Examination of the confirmed impacts to chip manufacturers on the island. Around 4 a.m. on February 6th, a 6.4 magnitude earthquake rattled southern Taiwan at the start of Lunar New Year, the island’s largest nationwide holiday. With a current death toll of 114, it is the deadliest earthquake to hit the island since the “921 Earthquake” of 1999.