Digital Transformation: An Imperative for Industrial Manufacturing in 2017

Cerasis

Are industrial manufacturers seizing all the opportunities of a more digital world? A recent article suggests that, by 2018, only 30 percent of manufacturers investing in digital transformation will be able to maximize the outcome. Let’s take a look at four reasons why digital transformation is an imperative in 2017 for industrial manufacturers: 1. Manufacturers need to rise to meet these new expectations – and one of the keys is through digital transformation.

Will COVID-19 Lead to More U.S. Manufacturing?

Talking Logistics

Will the COVID-19 crisis lead more companies to manufacture and source their products and materials from the United States instead of China and other countries? Manufacturing? Manufacturing? Global Trade Industry Trends China COVID-19 global trade Indago local sourcing reshoring US manufacturing

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Why 2021 Will Be A Breakout Year For Sustainable Manufacturing

IQMS

Bottom Line : In 2021 and beyond, customers are voting with their dollars for the manufacturers who excel at sustainable manufacturing and make a positive contribution to the environment, dominating B2B supply chains and B2C purchasing decisions.

Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

Lockdowns have resulted in the temporary closure of Manufacturing and Distribution facilities and discontinuation of Logistics and transportation modes. In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing? procurement #purchasing #sourcing.

Best-Cost vs. Least-Cost Sourcing

Talking Logistics

The “reshoring” of manufacturing operations from China and elsewhere to the United States continues to make headlines. A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. And earlier this month, the Wall Street Journal published an article about how the toy maker K’Nex has moved most of its manufacturing operations from China to its factory in Pennsylvania.

Why Get a Product Sourcing Agent?

Supply Chain Game Changer

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Your manufacturer is the backbone of your company; it regulates your inventory, which determines how consumers perceive and communicate with you. Functions of a Sourcing Agent.

Technology Improves Manufacturing Disaster Preparedness

DELMIA Quintiq

Disaster preparedness is imperative everywhere, but that goes double for the manufacturing industry. With the right application of intelligent technologies, manufacturers and supply chain partners can more easily make proactive decisions, like diverting vessels and making other route changes. This branch of technology helps manufacturers on two fronts: backup and disaster recovery. Best Practices Digital Twin Digitalization Manufacturing Natural Resources

Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. As a group purchasing organization (GPO), Intalere connects with the right manufacturers and distributors to aggregate purchasing volume across the supply chain and negotiate improved discounts on their members’ behalf resulting in unprecedented cost savings for the healthcare industry.

Procurement, Industry 4.0, Cybersecurity, Robotics and Automation: The Image of Manufacturing is Evolving.

Cerasis

What makes or breaks a new technology in manufacturing? Mostly, manufacturers demand technologies that can boost their output without causing an additional strain on resources, and the final five technologies changing manufacturing in 2016 did just that. The implementation of robotics and automation was not universal in manufacturing. In other words, some manufacturers continue to resist the trend. Industry 4.0 Essentially, the use of Industry 4.0

The Role of Reverse Auctions in Strategic Sourcing

EC Sourcing Group

Within the procurement of goods, there are many processes as well, such as sourcing and the role of reverse auctions in strategic sourcing. However, there are many times where the reverse auction process is warranted and can play a significant role in your strategic sourcing strategy.

Industry 4.0: The Emergence of Cognitive Manufacturing

Enterra Insights

Industry 4.0 is the popular name given to the fourth industrial revolution ushered in by the digital age. They write, “Industrial production was transformed by steam power in the nineteenth century, electricity in the early twentieth century, and automation in the 1970s.”[1] ” Some pundits believe Industry 4.0 is more evolutionary than revolutionary since computers were the foundation of the last revolution and remain the foundation of Industry 4.0.

How Can Manufacturers Manage Disruption and Improve Productivity?

Logility

How can manufacturers manage disruption and improve productivity? By using advanced analytics for manufacturing, to understand the valuable information concealed within the data they already have! Advanced analytics for manufacturing is a good place to start.

A Global Shift for Manufacturers: Industries with Increased Demand

USC Consulting Group

It is difficult to put into exact figures the effects the coronavirus pandemic has had on global industry. Overall, factory shutdown and manufacturing delays have shrunk foreign direct investment by 5-15% , as global trade and supply is interrupted. Manufacturing.

The Medical Device Industry in 2020-2021: Key Trends & Outlook

Unleashed

The medical device industry covers the manufacturing of medical, scientific, and surgical equipment. These products are made with the help of medical device manufacturing software, and sold directly to healthcare providers, or delivered to wholesalers and other customers.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.

What is Industrial Symbiosis?

DynaSys

Industrial Symbiosis is a phrase not often used, if ever, in supply chain circles. So what is Industrial Symbiosis? When an individual supply chain is managed in isolation, the opportunities to minimize waste by improved product design and material sourcing are very limited.

How transparency in the supply chain leads to sustainable sourcing

Pivot88

According to McKinsey’s 2019 chief purchasing officer (CPO) survey, sustainable sourcing at scale is the fashion industry’s new must-have. Where do they source their products? How do they manage and control their manufacturing process?

What’s shaping the steel industry today?

DELMIA Quintiq

In recent years, the steel industry has seen creative solutions to long-standing challenges, emerging technologies, and niche market explorations – all of which are changing this traditionally conservative industry. Here, he talked about key trends and challenges that are shaping the industry today. What are some of the current economic trends in the global steel industry? Which emerging technology and innovations are driving today’s steel industry and why?

How COVID – 19 Might Shape the Future of China Sourcing and Manufacture

Logistics Bureau

COVID-19 and the Future of China Sourcing and Manufacture. But global dependence on Chinese manufacturing is mind-boggling…. The overriding reason for this China-dependence is the cost factor, and weaning manufacturing away from that country comes at a hefty price. China produces most raw materials used in product manufacturing, so even if companies move product assembly elsewhere part of their supply chain will remain in China. Covid 19 Global Sourcing

Time to Rethink Sourcing Rare Earth Elements

Supply Chain Game Changer

Strategic National Stockpiles and Sourcing for the National Interest! The Covid19 global pandemic has cruelly exposed the utter dependence of the US and the world on China’s mass manufacturing capability and supply of critical medical equipment and materials. These Rare Earth Elements have long ago been abandoned for mining and processing here in the United States and are part of our reliance on Chinese sources of supply. sourcing #rareearthelements. Subscribe Here!

Why Automotive Manufacturers Need to Rev Up Production Immediately

USC Consulting Group

It’s been a bumpy ride for the automotive industry this past year. Back in November and December when the economy was running full speed ahead, automotive manufacturers had high expectations for robust sales activity in 2020.

Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution. As a group purchasing organization (GPO), Intalere connects with the right manufacturers and distributors to aggregate purchasing volume across the supply chain and negotiate improved discounts on their members’ behalf resulting in unprecedented cost savings for the healthcare industry.

Update on the Automotive Industry

Logistics Trends and Insights

The automotive industry has undergone quite the transformation from the days of Henry Ford and the Model T. With that, the industry is facing a number of challenges ahead, including a shift toward electric cars, tech embracement, plant closures—and now recovery from the coronavirus outbreak for automakers with supply chains reliant on Chinese production. These consumer-driven changes will require the industry to restructure itself in terms of volume, scale, and complexity.

Strategic sourcing enters a new age. Are you keeping up? (Part 1)

ivalua

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Done well, strategic sourcing creates measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.

How Locally Grown Products are Disrupting F&B Manufacturing

QAD

There is a developing trend that has been gaining steam in recent years that has the potential to seriously impact and “disrupt” food and beverage manufacturing. It means buying food that is sourced and/or grown within a geographical location that could be considered “local”. Smaller manufacturers are popping up all over the United States, as well as in other countries, to process and produce locally grown food products. Disrupting the Larger Food and Beverage Manufacturer.

Reshoring Or Not, What is Manufacturing? 4 Questions to Ponder with Real American Manufacturers

Cerasis

Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. We recommend you get in touch with him if you'd like an expert to guide you to the next level in your manufacturing business. . What is Manufacturing?

Understanding the Importance of Strategic Sourcing

USC Consulting Group

Sourcing is a key component of your Supply Chain – perhaps the most important part. As companies are navigating an increasingly turbulent yet robust economic climate, businesses in manufacturing, mining and metals, food and beverage, and other industries are looking for ways to reduce raw material procurement spending and offset rising material costs. That’s where Strategic Sourcing comes into play. An important lever for modern organizations.

4 Key Trends to Watch in Smart Manufacturing and Supply Chain

Cerasis

Industrial IoT and big data are converging to enable demand-driven 'smart supply chains.' The advancements in 3D printing and 'Additive Manufacturing,' coupled with supply chain efficiencies, could make distributed manufacturing a reality, ushering in the era of smart manufacturing. The Continual Coverage and Now Reality of Smart Manufacturing with 3D Printing. I remember reading an MIT paper on manufacturing technology trends a couple of years ago.

Steel Fabrication and General Manufacturing Tips and Tricks for 2015

Cerasis

Suppliers of steel fabrication and metal working equipment and technology are looking forward to a significant rise in demand from the region’s resurgent construction sector, one of the key demand drivers for the fabrication industry. There’s been a lot of progress made in the steel industry in general and here are some of the tips and tricks to expect from the steel fabrication industry for 2015: Buying Equipment. Manufacturing manufacturing tips

The Exploding Use of Robotics in Logistics and Manufacturing

Cerasis

The world has changed from the oil days of machine assisted assembly lines and manufacturing processes as more robots have entered the workforce. Robotics is not just a way to help companies, but many manufacturers have recognized how robots can improve their supply chain processes, benefit the company, and drive their future success. Driving Forces Behind Robotics in Logistics in Manufacturing. Benefits of Robotics in Logistics and Manufacturing.

The Future is Now: Why these 5 Advanced Manufacturing Technologies Trends will Dominate 2018

Cerasis

Over the next two years, manufacturers are set to invest more than $250 billion in the Industrial Internet of Things (IIoT), and the use of technology to improve manufacturing will only increase. It is almost impossible to define the exact amount manufacturers will invest in technologies over the coming year, but they are moving toward more sustainable, cost-effective practices. Stay ahead of the game learn the trends shaping the industry.

6 Manufacturing Trends to Watch Out for in 2016

Cerasis

As we close the year of 2015, we want to take a look at some manufacturing trends for 2016. We look at 6 core areas that manufacturing companies will take a long look at as they gear up for a successful 2016. E-Commerce for Manufacturing. The Internet’s large-scale global penetration has spawned an increasingly large number of technology and web-savvy consumers, creating a huge opportunity for both industrial manufacturers and their end customers.

Medical Device Manufacturing in 2021 – The 3 Key Challenges

Unleashed

For medical device manufacturers connected to the Covid-19 pandemic response, 2020 has been a year of growth. However more broadly the industry has faced the same challenges as other manufacturing sectors, with a -4.4% Regulations and Medical Device Manufacturing in 2021.

What is Manufacturing ERP?

OptiProERP

What distinguishes Manufacturing ERP from other ERP systems? ERP started in the manufacturing industry, but it headed off in new directions. Manufacturers need all these functions, but they also need so much more. Defining Manufacturing ERP. So what is Manufacturing ERP today? What does it offer the modern manufacturer? Manufacturers are different. Manufacturers buy materials and turn them into something else.

Manufacturing Gains From Machine Learning

IQMS

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Bottom line: 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. New products are proliferating in manufacturing today, and delivery windows are tightening.