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How Manufacturers Can Leverage AI & Analytics For Strategic Decision-Making

Silvon Software

Across the globe, manufacturing businesses are navigating economic uncertainties with increasing sophistication. Here’s a quick glimpse at how: Automated Data Integration : AI can automate the integration of data from multiple sources, recognizing and aligning similar data fields automatically.

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Demand Forecasting in the new normal

SYSPRO Smarter ERP

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. To manage this delicate balance of demand and supply, manufacturers often use statistical forecasting techniques to predict future demand by looking at historical sales data.

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Top 10 Manufacturing Trends For 2019

IQMS

Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. In parallel, there will be more self-service analytics and BI apps specifically designed for manufacturers.

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Raw Material Inventory Management: Manufacturer’s Guide

Unleashed

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials. Let’s dive in.

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The Best Supply Chain Company You Have Never Heard Of

Logistics Viewpoints

The company sources goods from 34,000 suppliers out of 30 nations. The company is piloting secure lockers for stock at their major sites. Driving an excellent supply chain depends on how people are recruited and managed, processes, and the technology used. The company has shown sustained improvement on this metric.

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What is MRO and Why is it Important?

Supply Chain Game Changer

Indirect Procurement – It’s Time to Rise and Shine! High spend and highly visible Procurement categories like raw materials, I/T, capital equipment, travel, facilities, large services contracts and more often merit dedicated Commodity Management resource. But this is excellent experience and a great development platform.

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4 Factors Fueling the Growth of Modern Data Hubs for Business Reporting

Silvon Software

A modern data hub collects, integrates and manages data from multiple disparate systems and external data sources (like market research and point-of-sale systems), regardless of whether the data is on-premise or in the cloud. Once integrated, the data is made “analytics ready” and securely available to users.