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, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production. There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. MORE

Inventory and manufacturing flexibility are a key component to serving this market. Original Equipment Manufacturers (OEMs) in Mexico will shut down operations. General Motors suspended its manufacturing operations in North America, but the plan did not include its factories in Mexico, which will continue operating normally until further notice. Business that leaned toward southbound flows from the U.S. Letter from the CEO: Market Update March 26, 2020. MORE

The Kiva Robotic Picking System: The idea for the orange AGV-like robots that bring inventory to order pickers was first conceived in 2003 by CEO Mick Mountz, and with the help of some MIT professors Kiva brought the technology to market less than two-years later. 10: Taylorism: In the late 1800s, the great Frederick Taylor takes the first scientific approach to manufacturing. Louis, with dramatic results in both lowering inventories while increasing in-stock at retail. MORE

By 2020, the value of B2B e-commerce will surpass $1 trillion, and manufacturers, distributors, retailers, reverse logistics managers, third-party freight brokers and logistics services providers are working to keep up with the trend. MORE

Dr. Andy Chun , Associate Professor in the Department of Computer Science and Chief Executive Officer of a spin-off company from CityU, BonVision Technology (Hong Kong) Limited, which is a leading provider of AI technologies and his team have also applied AI techniques to other cargo handling companies, such as Hong Kong Air Cargo Terminals Ltd, Hong Kong International Terminals, and Modern Terminals Ltd. MORE

Headline: US Manufacturing Contracts at Fastest Pace in Six Years. Analysis: When manufacturers look at their orders for the upcoming year and determine sales will be down significantly, they cancel orders for more and newer equipment to transport their goods. With manufacturing falling at the fastest rate since 2009, it’s no surprise to see truck stocks plunging, and truck builders cutting back on staff. Headline: Intermodal Cargo Falls in 4Q for First Time Since 2009. MORE

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. MORE

In addition to cutting the need for outsourced manufacturing, this move could give the company a leg up on the competition by making it possible to get products in the hands of consumers faster. In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Additionally, the company’s manufacturing expertise will enable the reduction of production costs. MORE

“They have multi-sourced key commodities or strategic components to reduce their reliance on any one supplier, and they had considered inventory strategy to buffer against supply chain disruption.” “I predict we will see a greater adoption of automated tools assisting, rather than replacing, humans in specific roles within our supply chains: warehouse, manufacturing and distribution.” MORE