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How AI is transforming manufacturing Part 2: Inventory management

SYSPRO Smarter ERP

Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. With companies producing more and more products worldwide, the issue of keeping track of enormous amounts of parts and materials used in the manufacturing process has grown increasingly complex.

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Transversing the Paradox River

Supply Chain Shaman

Let’s explore nine in this blog. Today, it is a skewed distribution with only 7% of manufacturing and retailers claiming to be innovators to drive first-mover advantage through technology. Instead, they are attempting to measure demand forecast error and lamenting the lack of perfection on imperfect demand data.

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2023 Manufacturing Trends: How to Get Ready Now

OptiProERP

2022 has proven to be both positive and disruptive for the manufacturing industry. Despite the pandemic, recession fears, supply challenges, a tight labor market, and economic instability, manufacturing companies continue to survive and evolve in the “new normal.”. helped transform many manufacturing businesses. Industry 4.0

Trends 52
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Elevating The Voice of the Supply Chain Contrarian

Supply Chain Shaman

As you read this blog, I hope that you will see me as a positive contrarian versus an old curmudgeon. One of my insights from doing the industry analysis for the Supply Chains to Admire each year is that smaller and less well-known companies outperform larger and better-known manufacturers. As I listen, I struggle. Is this success?

Gartner 351
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What About Them Apples?

Supply Chain Shaman

I worked for a software company for almost a decade and implemented demand management solutions in the 1990s for multiple companies. At that time, the demand processes were largely regional. I also worked in manufacturing during the period of 1978-1992 trying to plan demand. Let me be transparent on mine.

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Ann Grackin: Is the Crisis in Demand Management Being Exacerbated by Spreadsheet Dependency?

Logility

This blog post is in response to recent results from the APICS/Logility Survey, Consumer Goods S&OP research, and ChainLink’s end-user research. Demand management has always been at the top of supply chain professionals’ list of challenges.

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Classical Supply Chain Management Confronts its Quantum Revolution – the Path to Rapid Intelligent Response (RIR)

Arkieva

COVID-19 direct and ancillary events have made clear that uncertainty is an inherent part of the demand-supply network structure. Every firm, on a regular basis, faces “risk situations such as manufacturing excursion, unexpected new demand or loss of demand, component supplier interruption, etc.