Navigating inventory through the eye of the COVID storm

EFT

This might be diversifying locations for holding stock, production facilities or modes of transport, or all of the above, as COVID-19 has shown that there are significant costs and complications to suddenly being over-reliant on any one link in the supply chain.

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Machine Learning and the Business of Tomorrow

Enterra Insights

Louis Columbus ( @LouisColumbus ) explains, “Enterprises are striving to find greater meaning in the massive amounts of data they generate and save every day. Columbus asserts, “Machine learning makes it possible to discover patterns in supply chain data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success, while constantly learning in the process.”[5]

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What to Do Now Before the Panama Canal Expands

CH Robinson Transportfolio

Shippers in Columbus, OH, will be in the battleground region of the United States, with ports on the East and West Coasts vying for their business. If costs were all that mattered, these shippers would route their products through the expanded Panama Canal to reach Columbus via rail from the New York-New Jersey port. First, more inventory would be in transit at any given time. Global Transportation Logistics Supply Chain Global Forwarding Panama Canal Ports Shippers Truckin

New Panama Canal Options: Running the Numbers with a TMS

TMC

A transportation management system (TMS) can help shippers weigh the pros and cons of each option. For example, a higher cost could be part of a strategy to win market share and align product transportation with that mission. 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.

It’s Turkey Time!

Kinaxis

They can be held in inventory until the second biggest holiday for these big birds – Christmas, which is only a couple of months away. Special consideration needs to be given to the shipment of live birds on the way to slaughter, not to mention once they’ve been processed they’ll need to be transported in temperature-controlled conditions. Ensuring appropriate transportation methods are available and accessible to carry the required load.

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

Cerasis

Additionally, overall maintenance costs have dropped by 30 percent, and predictive maintenance has reduced machine-specific failures by 70 percent, reports Louis Columbus of Forbes magazine. Transportation costs are considerable for many manufacturers, and leveraging technology to make transportation more efficient, helps reduce overall costs. Autonomous vehicles will help to reduce the impacts from the increasing driver shortage and improve the safety of transporters.

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

Enterra Insights

Louis Columbus ( @LouisColumbus ) goes so far as to insist, “Analytics will revolutionize supply chains in 2018.”[7] ”[7] He adds, “Improving forecast accuracy, optimizing transportation performance, improving product tracking & traceability and analyzing product returns are the use cases providing the greatest potential for analytics growth.” Most businesses succeed when the proper balance between people, processes, and technologies is achieved.

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

Cerasis

Customization Will Replace Traditional Inventory Management. According to the Global Dispatch, traditional inventory management operations will change in 2017. Inventory management will become more reliant on advanced computer analytics systems to manage inventory in real time. reports Louis Columbus of Supply Chain 24/7. A Quick Recap of Recent Trends in Manufacturing Technology to Think About 2017.