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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.

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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

She writes, “Sustainability, ethical sourcing, corporate responsibility, brand safety and product integrity are vast, complex, down-the-rabbit hole [supply chain] concerns. ” Louis Columbus ( @LouisColumbus ), a Principal at IQMS, believes another technology, blockchain, will make the IoT/supply chain even stronger. “Decide if your access to ‘know how,’ source code, IP, and other forms of trade secrets give you leverage.

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. While there is the possibility of sourcing from a secondary supplier, there’s no guarantee they’ll have enough stock available. They can be held in inventory until the second biggest holiday for these big birds – Christmas, which is only a couple of months away.

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New Panama Canal Options: Running the Numbers with a TMS

TMC

Modern TMS solutions are designed to help shippers make such trade-offs, with analytics platforms that take data from multiple sources and present the shipper with a single access point for calculating total landed cost. 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.