Manufacturers, Technology, and the Digital Age

Enterra Insights

Manufacturers have historically found themselves at the cutting edge of technological advances. It’s surprising, then, to read stories encouraging manufacturers to jump aboard the Digital Age technology bandwagon. ” He noted, “Each of these technologies will fundamentally change how products are manufactured.” 2] It makes perfect sense that manufacturing must adapt to the digital age. Manufacturing Cycle Time.

Navigating inventory through the eye of the COVID storm

EFT

According to several executives on the roundtable, failing to have inventory in the right place at the right time can have a massive impact on company performance, as sales are not realised when product cannot meet local demand.

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5 Future Applications of the Industrial Internet of Things in Manufacturing & Logistics

Cerasis

Manufacturers are set to invest up to $70 billion in the Industrial Internet of Things ( IIoT ) by 2020, reports John Greenough of Business Insider. While leading manufacturers continue to review the scope and potential benefits of the Industrial Internet of Things the majority asserts Megan Crouse of Manufacturing.net , continue to debate the effectiveness and capacity to implement IIoT solutions in today’s manufacturing processes. IIoT’s Greatest Impacts on Manufacturing.

Digital Transformation Helps with Corporate Alignment

Enterra Insights

For example, manufacturing may be tasked to fill all orders which requires having inventory on-hand in distribution centers. However, distribution centers may be given the conflicting task of minimizing excess inventory space and cost. Louis Columbus ( @LouisColumbus ) suggest ten way cognitive technologies can help companies achieve successful digital transformations.[4] Cognitive technologies can improve manufacturing.

6 Recent Trends in Manufacturing Technology to Increase Agile Responsiveness, Continuous Improvement & Customization

Cerasis

A Quick Recap of Recent Trends in Manufacturing Technology to Think About 2017. Although apps and smart devices will make an impact in manufacturing technologies this year, a few other recent trends in manufacturing technology will dramatically redefine industry standards. Sustainable alternatives to traditional manufacturing will replace existing processes, and avoiding the Industrial Internet of Things (IIoT) will finally become impossible.

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

A North American-based survey of nearly 200 supply chain professionals from top CPG, distribution/wholesale, food and beverage, manufacturing, and retail companies found that 58% of respondents are still in the exploring or evaluating phases of digital transformation. Our customers overcome demand volatility and supply chain complexity for outstanding service levels with reduced inventory. PRESS RELEASE.

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The Internet of Things and the Supply Chain: Serious or Just Flirting?

Enterra Insights

” Louis Columbus ( @LouisColumbus ), a Principal at IQMS, believes another technology, blockchain, will make the IoT/supply chain even stronger. Blockchain shows potential for increasing the speed, scale, and visibility of supply chains, eliminating counterfeit-goods transactions while also improving batching, routing and inventory control. 4] Louis Columbus, “ Top 10 Ways Internet Of Things And Blockchain Strengthen Supply Chains ,” Forbes , 13 January 2019. [5]

It’s Turkey Time!

Kinaxis

Unlike other manufacturing industries, it’s a lot harder to make up for a miscalculation in raw material needs when you’re dealing with living, breathing animals that only reproduce at a specified rate. They can be held in inventory until the second biggest holiday for these big birds – Christmas, which is only a couple of months away. Forget Columbus Day this year and come celebrate Thanksgiving with us instead!

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Trends Shaping Industry 4.0

Enterra Insights

We live in the Digital Age and most business consultants insist businesses, including manufacturers, need to transform into digital enterprises in order succeed. Louis Columbus ( @LouisColumbus ), a Principal at IQMS, asserts, “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.”[2] Industry 4.0

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Agile retailing: new ways to manage uncertainty, disruption and innovation

RELEX Solutions

We are delighted to welcome Charlotte Kula-Przezwanski from Columbus Consulting (CCI) as our guest blogger. CCI is renowned for its expertise in retail business processes and systems delivering practical solutions to optimize sales, margin and inventory across all channels of operation. In the past 25 years alone, The Limited in the United States applied Toyota’s quick-response modular manufacturing process to reduce lead times from concept to market.

Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

The 2019 MHI Annual Industry Report polled more than 1,000 industry leaders, with most hailing from manufacturing and supply chain industries. ”[4] Some of the benefits provided by predictive analytics include: Inventory management : Griffith notes predictive analytics provide store owners “a sixth sense” when it comes to ensuring shelves are stocks, prices are updated, and when products may have to be ordered in bulk from vendors.

People, Processes, and Technology All Required for Supply Chain Transformation

Enterra Insights

UPS analysts note, “From advances in information availability to cutting-edge manufacturing processes to increased supply chain visibility, there’s no shortage of tools … companies can arm themselves with to stay relevant — and competitive. Louis Columbus ( @LouisColumbus ) goes so far as to insist, “Analytics will revolutionize supply chains in 2018.”[7] ” Emergence of digital manufacturing technologies.

New Panama Canal Options: Running the Numbers with a TMS

TMC

The preferred amount of inventory held on ships and trucks depends on constraints such as the value of the cargo. If high-value items are being shipped, it’s important to minimize inventory levels. East Coast to Columbus, Ohio—as opposed to the traditional option of using West Coast facilities—are negligible. New Panama Canal Options: Running the Numbers with a TMS.Connect by TMC.