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6 challenges facing medical device manufacturers and how ERP analytics can provide a cure

SYSPRO Smarter ERP

As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence.

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Big Data, Analytics, and Industry 4.0

Enterra Insights

The BCG analysts explain, “Today, another workforce transformation is on the horizon as manufacturing experiences a fourth wave of technological advancement: the rise of new digital industrial technologies that are collectively known as Industry 4.0.” So, it’s not a question of if but when AI will become the norm in the manufacturing sector.

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Editor’s Choice: 8 Supply Chain Planning Challenges Retailers Will Face In 2022 And Tips To Overcome Them

Logistics Viewpoints

In addition, there are disruptions in the manufacturing of parts and supplies of raw materials. As we have seen in 2021, businesses automated and integrated supply chain planning capabilities, including demand-sensing , dynamic safety-stock management , inventory optimization , and external collaboration.

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Navigating The River of Demand

Supply Chain Shaman

This large food manufacturer used a popular technology to forecast monthly using orders as an input. To fill the time in the agenda, I developed the River of Demand exercise. So, I asked for a break and reorganized the room to facilitate my first river of demand exercise. Large Food Manufacturer Thinking About Demand As A River.

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Mars Wrigley’s Highly Successful Supply Chain Digital Transformation

Logistics Viewpoints

The final goal was to develop end-to-end visibility based on leveraging data analytics. What a Supply Chain Digital Transformation Means Unsurprisingly, a company as large as Mars has a highly complex supply chain involving global sourcing, manufacturing, and distribution. It’s been highly resilient over hundreds of years.”

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The Food and Beverage Industry is in Crisis – How will you Respond?

Logility

When a crisis hits, having the right advanced analytics to react to supply chain disruptions in food and beverage is your best defense. Drilling down, you’ll learn that demand planning, inventory, replenishment, manufacturing and Sales and Operations Planning (S&OP) capabilities are the building blocks of supply chain planning excellence.

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Supply Chain Design: A Tool to Help Maximize Value

Logistics Viewpoints

A company can choose to maintain a high level of costly inventory to ensure short lead times, and a family can decide to live farther away from work and school but buy a bigger house. Moreover, this exercise might need to be repeated several times depending on how the war proceeds. But optimization is much more than that!