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Introduction. Growing up in the 1990s, you might have heard the term “Six Sigma” at the dinner table or in the news. It is not the name of an elite special forces team. Instead, it refers to a quality management improvement process used by large scale manufacturers. In reality, Six Sigma aims to keep product variation and thus defects to a minimum.
What’s the Big Deal? Drones are classified as “a UAV (unmanned aerial vehicle) which typically refers to a pilotless aircraft that operates through a combination of technologies, including computer vision, artificial intelligence, object avoidance tech, and others.” Their flexibility to perform virtually any report or inspection and easily collect and share data has allowed them […].
The direct impact on Boeing suppliers may be minimal, but it's a looming point of worry for a sector that hasn't had much of anything to worry about during the past few years.
When a business finds itself in a declining market, failing to stay in lock step with customer demand poses an existential threat. Trends and other market forces that impact commercial opportunities need to appear on the planning radar. Therefore, traditional push-driven supply chains are wholly unfit for this situation. Fine paper is an example of an industry whose total addressable market has been shrinking for decades and looks set to continue (see figure).
Product lead time is crucial in the life sciences industry and represents a key consideration for customers’ purchasing decisions. For this reason, BD Biosciences aimed to optimize its global supply and distribution network to reduce delivery lead time to customers and optimize its global inventory. How was BD Biosciences successful in reducing global distribution lead times between 30% and 60% in addition to: Increasing agility to prioritize urgent and ad-hoc customer requests Increasing global
Silos have been symbols of farming for decades. Today, however, one is more likely to read about data silos in businesses than storage silos on farms. Business silos, and the data contained in them, are remnants of industrial age organizations. Half a dozen years ago Laurie Sullivan ( @LaurieSullivan ) wrote, “In the past the departments like sales, marketing, customer service, public relations, and supply chain typically used their own datasets, keeping the information in silos.”[1] Unfortunate
Just as rates were about to turn around, they took another hit last week. Extreme weather closed highways and forced cancellations and delays. A huge snowstorm in Denver last week closed three interstate highways: I-25, I-70 and I-76. In Nebraska, snow followed by rain led to “historic flooding” that shut down traffic on I-80. The highways are open now, but there are still flood warnings in six states: Nebraska, parts of neighboring South Dakota, Iowa, and Minnesota, plus eastern Ari
Just as rates were about to turn around, they took another hit last week. Extreme weather closed highways and forced cancellations and delays. A huge snowstorm in Denver last week closed three interstate highways: I-25, I-70 and I-76. In Nebraska, snow followed by rain led to “historic flooding” that shut down traffic on I-80. The highways are open now, but there are still flood warnings in six states: Nebraska, parts of neighboring South Dakota, Iowa, and Minnesota, plus eastern Ari
If it’s worth doing, it’s worth doing it right. That’s the approach we take each time we start a relationship with a new customer. Our time-tested Solution Process is our approach to delivering world-class technology that improves the efficiency of the supply chain. Our process is based on nearly 40 years of experience gained from successful installations and projects.
Did you know that better inventory management and control is one of the biggest parts of running a successful business and yet it is one that is often put on the back burner for misconceptions of that it is not a major profitable pursuit? Business owners know that holding inventory stock ties up a lot of cash, that’s why good inventory management is crucial for all businesses.
Poor data quality and accuracy are two of the most significant risks to omnichannel experiences. Applying the wrong data can result in poor omnichannel experiences and tarnish your brand. Supply chain leaders need to understand this fact and how to avoid risk. Data Inaccuracy Contributes to Poor Omnichannel Experiences. According to a recent survey of retailers, reports Brian Wassel of Retail TouchPoints , up to 66% of retailers cite inaccurate inventory data as fundamental problems when pursuin
Parcel rapid delivery is used to describe same-day and next-day delivery, but it actually implies any delivery requiring two or fewer days to complete. According to Chain Store Age, the value of rapid delivery is stark with most consumers willing to pay a premium for faster delivery of their packages. With the explosion of e-commerce.read More. The post 5 Reasons Why Parcel Rapid Delivery is to Become the Shipping Standard for 2019 appeared first on Transportation Management Company | Cerasis.
Robots are a cornerstone of a smart factory, automating a wide range of manufacturing tasks that are monotonous, physically straining, or even hazardous. However, real-world robotics deployments have not lived up to the revolutionary potential the industrial sector had originally envisioned. Robot implementations are typically confined to specific applications, carry high costs, and are time-consuming.
The cost of investing in China is increasing, and trade war limits the profit. So these companies ultimately choose Malaysia, including HP, IKEA, and H&M. Is Malaysia a place that irreplaceable? How to manage your supply chain better?
Retailers with multiple locations inevitably have to deal with higher inventory costs because they need to hold the same items in multiple locations. As a result, distribution costs tend to be higher as well. Many retailers therefore utilize a distribution and ordering method known as Hub and Spoke replenishment. Hub and spoke means that instead of having each distribution center order from various vendors individually, one DC acts as a hub.
The cost of investing in China is increasing, and trade war limits the profit. So these companies ultimately choose Malaysia, including HP, IKEA, and H&M. Is Malaysia a place that irreplaceable? How to manage your supply chain better? The post Move Manufacturing Production to Malaysia From China? appeared first on Insight Solutions Global.
Leading 3D printer manufacturing company to deploy next generation supply chain management system to orchestrate supply and demand across their rapidly expanding global supply chain. MALVERN, PA, January 15, 2019 — Vecco International, provider of an advanced end-to-end cloud-based supply chain management solution, today announced that Formlabs, the industry leader in 3D printing technology, has selected Vecco to manage the company’s global supply chain in support of their rapid internatio
Streamlining and automating the procure-to-pay (P2P) process is something many companies are focused on, especially those dealing with hundreds, if not thousands, of suppliers and high volumes of purchase orders, shipments, and invoices. What are the current challenges companies are facing in their efforts to streamline and automate their P2P processes?
Ten years ago, we took on a strategy to build REST APIs for our products–to build our UI on those APIs and at the same time publish these APIs as *the* product APIs.
Starting with Location Data Creating a carrier system of records and intelligence system will be the first step towards freight brokerage digitization. What is carrier intelligence and why is it so critical for a freight brokerage to implement? A robust carrier intelligence system uses a mixture of data sources that crosses multiple data sets, multiple systems of record like a Transportation Management System (TMS), a Carrier Management System (CRM) and other valuable information pools like gove
Pricing freight is all about supply and demand, and nothing lets you measure the markets faster than DAT's Hot Market Maps. Whether you're a broker who needs to know where trucks are hard to find or a carrier looking for where you'll have a negotiating advantage, Hot Market Maps provide the most up-to-date view of available loads versus trucks for every freight market.
The $53 trillion manufacturing economy in the US is undergoing a major automation paradigm shift due to Artificial Intelligence (AI). Thanks to new practical frameworks, automation projects that were once impossible or inefficient to implement are now being fast-tracked, and robotics automation is becoming increasingly relevant to a growing number of users and scenarios.
How much would it cost to replace all your legacy systems? Depending on the size of your business, it could be hundreds of thousands, if not millions, of pounds. For most organisations, costly, high-risk, time-consuming replatforming programmes are out of the question. Connecting old systems to new offers a superior alternative that allows operations to continue unabated and enables your business to innovate and keep up with the pace of change.
With the coming of St. Patrick’s Day, we celebrate manufacturers who are using personalization to provide those holiday-themed products we know so well. When the parade passes by and marchers are all wearing the green, remember that it’s Cloud ERP that makes all those specialty items possible.
Blockchain and Ethereum technology can be very confusing if you don’t have a background in either. It seems that every time I mention that I work for a Blockchain company, the conversation inevitably goes to how exactly it works and what it all means. One aspect that can appear daunting is understanding an Ethereum wallet. Upon first glance, it looks like a long random string of characters.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
After months of contract negotiations between United Parcel Service and the International Brotherhood of Teamsters, the union’s chief negotiator announced that the union had reached a tentative agreement.
If You Drive a Truck, Watch Out for These Health Threats. These days, Americans are taking their health and well-being more seriously than ever. The health of individuals varies depending on their lifestyle, so they have different requirements and risks. A trucker, for instance, has very specific health issues to watch out for. Learn more about some of the common illnesses of truckers, and how you can combat each one.
Retail is dying. Or… retail is thriving. Those opposing thoughts exist in every aspect of today’s evolving supply chains; although, the conversation changes based on who is talking, says Trevor Sumner via Forbes. Even when the retail wars seem to have claimed their last victim, another store fails. As reported by CNN, Payless is the latest national chain to move to liquidate all assets and shut down.
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