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At the event, James Rice, MIT, spoke on innovation, and his reflections on Clayton Christensen’s 1997 classic business book, the Innovators Dilemma. This is disruptive innovation. Christensen’s concept is that businesses will reject innovation based on the fact that the customer cannot currently use the innovation delaying the adoption of great ideas. The spark from Invention to Innovation is slow. Invention into Innovation in Planning. MORE
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. MORE
One of the hardest parts of innovation is figuring out where you need to innovate, and the areas that need it the most. But is that considered innovation ? Asking the Right Questions Doesn’t Always Garner Innovative Results. If by some chance the team agrees on the right question (or questions) to ask—the right problem to solve—you can be certain it’s not innovation. Just because an idea isn’t innovative doesn’t mean you shouldn’t do the things people suggest. MORE
by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ The authors, Anandhi Narayanan, Senior Manager, Advanced Customer Solutions, Charles Thomas, Director, IT Customer Solutions, Stacey Greene, Director of Inventory Optimization and Robert Rejano, Processes and Applications Advisor, all with Celestica, describe the critical steps needed to drive inventory performance improvements. MORE
Asset and inventory optimization (As noted in a previous blog , inventory optimization is actually a form of predictive analytics). He offered the example of consumer products manufacturers beginning to participate in shared distribution networks to reduce costs and use fewer resources. For technology initiatives , Gartner analyst Steve Steutermann offered several imperatives for global execution, such as designing supply chains to accommodate innovation. MORE
Innovative technologies have made their mark on every aspect of manufacturing , retail and eCommerce business, from product design through to after sale service. When deciding where to prioritise budget spend for greatest return on investment, companies have difficult decisions to make and while inventory control continues to be fundamentally impacted by innovation, it is often overlooked when the time comes to allocate funds. Real time inventory. MORE
For nearly a decade, pundits have been touting the transformative effects of additive manufacturing (aka 3D printing). ”[1] Most analysts include additive manufacturing in their list of technologies that collectively are fostering the next industrial revolution, which is often referred to as Industry 4.0. Timms correctly points out even if additive manufacturing overcomes some of its remaining challenges, it won’t ever completely replace traditional manufacturing. MORE
Supply chain planners need to optimize inventory to maximize residual life while meeting service level targets. But loading up on short shelf life products begets obsolete inventory as products hit their expiry dates. Inventory planning has to balance sufficient inventory to meet service level targets while minimizing obsolescence. This requires good demand planning and inventory optimization. Note: There will be no blog post next week due to summer holidays. MORE
Leading-edge manufacturers are partnering with providers of warehouse management systems to create customized software and smart robots that help manage the movement, storage and sorting of warehouse inventory. The increasing demand for higher levels of performance and flexibility in warehouse robotics is stimulating some innovative product developments and early adoptions of mobile warehouse robotics. MORE
When we speak to supply chain leaders about innovations in their supply chain, it’s not always about drones, self-driving trucks, or automated warehouses. With enhancements in manufacturing and product development, it’s increasingly hard to distinguish product capabilities as a customer. We are seeing that businesses who invest in innovation and view supply chain as a competitive lever drive the most impact to their bottom line. Will they share inventory? MORE
That’s what vendor managed inventory (VMI) is all about. Vendor Managed Inventory. Inventory is the most visible part of a supply chain, but it isn’t necessarily the easiest to balance. VMI exploits the visibility of your inventory to highlight trends and streamline this aspect of the supply chain. Consider vendor inventory from the 70s. When you have persistently up-to-date inventory reporting, you can track changes down to the most minute detail. MORE
The COVID-19 pandemic continues impacting manufacturers in an unprecedented way, globally hitting demand, supply, and workforce at the same time. The global manufacturing and supply chain ecosystems have been among the hardest-hit sectors by the COVID-19 pandemic. MORE
In that spirit, we’ve combed the MH&L archives for the most innovative supply chain developments of the past year, as reported in our print magazine, on our website, in our e-newsletters, or our various social media channels. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019. Top 10 Supply Chain Innovations of 2016 : robot pickers, bridge-inspecting drones, autonomous freight shuttles, and more. MORE
Typically an expensive part of the supply chain, the management is often based on ‘just-in-time’ deliveries in order to keep inventory levels low. Meanwhile, in 2016, UPS announced a distributed, on-demand manufacturing network that links its global logistics network with 3D printers at more than 60 UPS Stores across the U.S Indeed, Ford acquired its first 3D printer in 1988 and today the automotive manufacturer now has 90 installed 3D printers in use in global operations. MORE
When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. Inventory is the culmination of many business decisions. The Inventory Management Journey. MORE
Continuous improvement is part of the game in manufacturing. Among the new trends in manufacturing improving the industry, additive manufacturing and cloud-based systems will push manufacturing forward in 2017. In fact, rapid design and lightning-fast prototyping, reports Mark Dohnalek of Manufacturing Business Technology magazine , will allow manufacturers to design and produce products in a few days, if not hours. Manufacturing MORE
New processes and innovations continue to reinvent the world of logistics. Implementing something as simple as barcode scanning can completely transform your inventory management system. Barcodes have developed from an early innovation to a nearly mandatory tool for. inventory optimization and management. These systems require barcode labels or tags to be affixed to bins or individual inventory parts. MORE
But to keep up in t oday’s rapidly changing business environment, packaging manufacturers must move beyond the concept of digital printing in order to realize the real transformation digital technology brings to manufacturing. Digitally Connected Manufacturing. MORE
The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” As supply chain complexity and competition escalate, so do related manufacturing challenges. Excess and obsolete inventory. Cited: 2018 KPMG Global Manufacturing Outlook study. MORE
Manufacturing Connect Seminar 2016. URL: jda.com/manufacturing-connect-2016-scm. Join us at the Hilton Amsterdam on 25th May for this exclusive gathering of Supply Chain experts and business strategists which will address the challenges that manufacturers are faced with today; delivering profitable fulfillment and adaptable manufacturing. Network with your peers, make valuable connections and share views on the latest industry trends and innovations. MORE
On the fifteenth episode of Supply Chain Next, Muddassir talks with host Richard Donaldson about innovation in supply chain management, updating educational curricula, and the accessibility gap he sees in accessing instruction in supply chain best practices. ?. My professional history in supply chain has mostly been in manufacturing and sales and operations planning. Yes, they do product innovation very well, but mostly they are supply chain companies. MORE
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. MORE
By using data to stock items with higher forecasted demand, they can reallocate cash that would normally be tied up in poorly performing inventory, avoid margin erosion from markdowns and dead stock, and increase overall on-shelf availability metrics. Yet paradoxically retailers front-load inventory to the store, under the belief that goods must be on the shelf to sell. The challenge is that once it's forward-deployed, it's not always cost effective to re-position inventory. MORE
Did you know that an entire book covering the best way to manage a startup business was written based on key learnings from the supply chain industry, or more specifically, manufacturing processes? The book is called The Lean Startup and … Continue reading → General Inventory management innovation startups supply chain entrepreneurs MORE
In fact, end-to-end visibility and traceability was the top investment objective of surveyed retail, manufacturing and third-party logistics CXOs for the second year in a row. While executives value their current toolsets highly, and maintaining legacy systems is their number 2 investment priority, the ability to collaborate and innovate are their two lowest-rated internal capabilities. This preference held true across the retail, manufacturing and 3PL segments studied. MORE
Innovative supply-chain strategies that seemed so perfectly attuned to current purchasing patterns have turned out to carry a lot more risk than their creators could ever have imagined MORE
More recent challenges, such as the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, have emerged creating an even more demanding environment. For these reasons, proper inventory management—accompanied by the ability to move inventory throughout the supply chain at a high velocity and lower cost—has become a must-have in today’s business climate. MORE
by Melissa Clow A quick post to let our readers know that we’ll be at the 2015 Pharmaceutical Innovation in Manufacturing Summit (PIMS). The post A Healthy Dose of Chips: Supply Chain Lessons for Life Sciences at the 2015 Pharmaceutical Innovation in Manufacturing Summit appeared first on The 21st Century Supply Chain. This year’s event will be held at the Radisson Blu Edwardian Hotel, London, February 10-11, 2015. MORE
What aerospace manufacturers need is agility in their design and production processes to help mitigate the variability in supply and demand. Additive Manufacturing (AM) is one innovation in which aerospace companies have significantly invested to try to address some of their unique challenges. MORE
So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model. MORE
Twitter Google+ LinkedIn The post How to Sustain a Lean Culture in Manufacturing & Supply Chain appeared first on Transportation Management Company | Cerasis. Lean Manufacturing Supply Chain lean cultureToday I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? I use a method I call managing for daily improvement or MDI. MORE
Guy Kawasaki, former Chief Evangelist at Apple, talked about the ways in which companies could think about new methods of driving innovation. Covering wide ground on manufacturing. At the manufacturing track, the speakers covered various topics on production optimization, from constraint-based planning to analytic adoption to an insightful firsthand account of Quintiq’s business operations-supporting capability. MORE
Our health care industry depends on the pharmaceutical and medical device industries, and they, in turn, depend on contract manufacturing organizations (CMOs) for their outsourced manufacturing. Optimized Digital Manufacturing. Contract Manufacturing Supply Chain Continuity. MORE
As an example, look no further than Microsoft’s announcement to be carbon negative by 2030 and their commitment of $1 billion towards a climate innovation fund. While consumer products manufacturers previously led the way for sustainable manufacturing practices, a growing number of manufacturers in other sectors are treating sustainability as an important operational objective to increase global competitiveness. MORE
Some of the most innovative developments currently being delivered by automotive manufacturers include new drive technologies, autonomous driving and connected cars. Fulfilling the demand for innovative models relies on a flexible network of internal and external partners. The assembly line sets the pace in automotive manufacturing. A planning solution this powerful, capable and flexible is already being used by some of the world’s biggest automotive manufacturers. MORE
What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. In his opinion the way you do that is “By putting inventory close to customers. MORE
DELMIA Quintiq
AUGUST 4, 2020
What aerospace manufacturers need is agility in their design and production processes to help mitigate the variability in supply and demand. Additive Manufacturing (AM) is one innovation in which aerospace companies have significantly invested to try to address some of their unique challenges.
DELMIA Quintiq
MARCH 4, 2020
New processes and innovations continue to reinvent the world of logistics. Implementing something as simple as barcode scanning can completely transform your inventory management system. Barcodes have developed from an early innovation to a nearly mandatory tool for. inventory optimization and management. These systems require barcode labels or tags to be affixed to bins or individual inventory parts.
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QAD
MARCH 19, 2020
One of the hardest parts of innovation is figuring out where you need to innovate, and the areas that need it the most. But is that considered innovation ? Asking the Right Questions Doesn’t Always Garner Innovative Results. If by some chance the team agrees on the right question (or questions) to ask—the right problem to solve—you can be certain it’s not innovation. Just because an idea isn’t innovative doesn’t mean you shouldn’t do the things people suggest.
Supply Chain Brain
OCTOBER 26, 2020
Innovative supply-chain strategies that seemed so perfectly attuned to current purchasing patterns have turned out to carry a lot more risk than their creators could ever have imagined
ToolsGroup
FEBRUARY 4, 2020
The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” As supply chain complexity and competition escalate, so do related manufacturing challenges. Excess and obsolete inventory. Cited: 2018 KPMG Global Manufacturing Outlook study.
Cerasis
DECEMBER 21, 2016
Leading-edge manufacturers are partnering with providers of warehouse management systems to create customized software and smart robots that help manage the movement, storage and sorting of warehouse inventory. The increasing demand for higher levels of performance and flexibility in warehouse robotics is stimulating some innovative product developments and early adoptions of mobile warehouse robotics.
|
Supply Chain Shaman
MAY 3, 2015
When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. Inventory is the culmination of many business decisions. The Inventory Management Journey.
ToolsGroup
AUGUST 18, 2015
Supply chain planners need to optimize inventory to maximize residual life while meeting service level targets. But loading up on short shelf life products begets obsolete inventory as products hit their expiry dates. Inventory planning has to balance sufficient inventory to meet service level targets while minimizing obsolescence. This requires good demand planning and inventory optimization. Note: There will be no blog post next week due to summer holidays.
Cerasis
FEBRUARY 7, 2017
Continuous improvement is part of the game in manufacturing. Among the new trends in manufacturing improving the industry, additive manufacturing and cloud-based systems will push manufacturing forward in 2017. In fact, rapid design and lightning-fast prototyping, reports Mark Dohnalek of Manufacturing Business Technology magazine , will allow manufacturers to design and produce products in a few days, if not hours. Manufacturing
Supply Chain Shaman
JUNE 6, 2015
At the event, James Rice, MIT, spoke on innovation, and his reflections on Clayton Christensen’s 1997 classic business book, the Innovators Dilemma. This is disruptive innovation. Christensen’s concept is that businesses will reject innovation based on the fact that the customer cannot currently use the innovation delaying the adoption of great ideas. The spark from Invention to Innovation is slow. Invention into Innovation in Planning.
Material Handling and Logistics
DECEMBER 2, 2018
In that spirit, we’ve combed the MH&L archives for the most innovative supply chain developments of the past year, as reported in our print magazine, on our website, in our e-newsletters, or our various social media channels. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019. Top 10 Supply Chain Innovations of 2016 : robot pickers, bridge-inspecting drones, autonomous freight shuttles, and more.
|
Kinaxis
MARCH 25, 2015
by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ The authors, Anandhi Narayanan, Senior Manager, Advanced Customer Solutions, Charles Thomas, Director, IT Customer Solutions, Stacey Greene, Director of Inventory Optimization and Robert Rejano, Processes and Applications Advisor, all with Celestica, describe the critical steps needed to drive inventory performance improvements.
QAD
SEPTEMBER 24, 2020
But to keep up in t oday’s rapidly changing business environment, packaging manufacturers must move beyond the concept of digital printing in order to realize the real transformation digital technology brings to manufacturing. Digitally Connected Manufacturing.
PINC
OCTOBER 29, 2019
More recent challenges, such as the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, have emerged creating an even more demanding environment. For these reasons, proper inventory management—accompanied by the ability to move inventory throughout the supply chain at a high velocity and lower cost—has become a must-have in today’s business climate.
DELMIA Quintiq
OCTOBER 26, 2016
Guy Kawasaki, former Chief Evangelist at Apple, talked about the ways in which companies could think about new methods of driving innovation. Covering wide ground on manufacturing. At the manufacturing track, the speakers covered various topics on production optimization, from constraint-based planning to analytic adoption to an insightful firsthand account of Quintiq’s business operations-supporting capability.
Softeon
NOVEMBER 2, 2019
That’s what vendor managed inventory (VMI) is all about. Vendor Managed Inventory. Inventory is the most visible part of a supply chain, but it isn’t necessarily the easiest to balance. VMI exploits the visibility of your inventory to highlight trends and streamline this aspect of the supply chain. Consider vendor inventory from the 70s. When you have persistently up-to-date inventory reporting, you can track changes down to the most minute detail.
Logistics Trends and Insights
DECEMBER 9, 2018
Typically an expensive part of the supply chain, the management is often based on ‘just-in-time’ deliveries in order to keep inventory levels low. Meanwhile, in 2016, UPS announced a distributed, on-demand manufacturing network that links its global logistics network with 3D printers at more than 60 UPS Stores across the U.S Indeed, Ford acquired its first 3D printer in 1988 and today the automotive manufacturer now has 90 installed 3D printers in use in global operations.
Kinaxis
FEBRUARY 9, 2015
by Melissa Clow A quick post to let our readers know that we’ll be at the 2015 Pharmaceutical Innovation in Manufacturing Summit (PIMS). The post A Healthy Dose of Chips: Supply Chain Lessons for Life Sciences at the 2015 Pharmaceutical Innovation in Manufacturing Summit appeared first on The 21st Century Supply Chain. This year’s event will be held at the Radisson Blu Edwardian Hotel, London, February 10-11, 2015.
ToolsGroup
OCTOBER 13, 2015
Asset and inventory optimization (As noted in a previous blog , inventory optimization is actually a form of predictive analytics). He offered the example of consumer products manufacturers beginning to participate in shared distribution networks to reduce costs and use fewer resources. For technology initiatives , Gartner analyst Steve Steutermann offered several imperatives for global execution, such as designing supply chains to accommodate innovation.
TrackVia
NOVEMBER 13, 2020
The COVID-19 pandemic continues impacting manufacturers in an unprecedented way, globally hitting demand, supply, and workforce at the same time. The global manufacturing and supply chain ecosystems have been among the hardest-hit sectors by the COVID-19 pandemic.
IQMS
JULY 11, 2019
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.
Cerasis
DECEMBER 7, 2015
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.
Supply Chain Movement
APRIL 7, 2016
Manufacturing Connect Seminar 2016. URL: jda.com/manufacturing-connect-2016-scm. Join us at the Hilton Amsterdam on 25th May for this exclusive gathering of Supply Chain experts and business strategists which will address the challenges that manufacturers are faced with today; delivering profitable fulfillment and adaptable manufacturing. Network with your peers, make valuable connections and share views on the latest industry trends and innovations.
QAD
FEBRUARY 25, 2020
As an example, look no further than Microsoft’s announcement to be carbon negative by 2030 and their commitment of $1 billion towards a climate innovation fund. While consumer products manufacturers previously led the way for sustainable manufacturing practices, a growing number of manufacturers in other sectors are treating sustainability as an important operational objective to increase global competitiveness.
Cerasis
FEBRUARY 2, 2015
So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model.
Requis
SEPTEMBER 24, 2020
On the fifteenth episode of Supply Chain Next, Muddassir talks with host Richard Donaldson about innovation in supply chain management, updating educational curricula, and the accessibility gap he sees in accessing instruction in supply chain best practices. ?. My professional history in supply chain has mostly been in manufacturing and sales and operations planning. Yes, they do product innovation very well, but mostly they are supply chain companies.
EFT
AUGUST 7, 2020
What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. In his opinion the way you do that is “By putting inventory close to customers.
DELMIA Quintiq
JANUARY 22, 2019
Some of the most innovative developments currently being delivered by automotive manufacturers include new drive technologies, autonomous driving and connected cars. Fulfilling the demand for innovative models relies on a flexible network of internal and external partners. The assembly line sets the pace in automotive manufacturing. A planning solution this powerful, capable and flexible is already being used by some of the world’s biggest automotive manufacturers.
Unleashed
FEBRUARY 18, 2019
Innovative technologies have made their mark on every aspect of manufacturing , retail and eCommerce business, from product design through to after sale service. When deciding where to prioritise budget spend for greatest return on investment, companies have difficult decisions to make and while inventory control continues to be fundamentally impacted by innovation, it is often overlooked when the time comes to allocate funds. Real time inventory.
Talking Logistics
JULY 12, 2017
When we speak to supply chain leaders about innovations in their supply chain, it’s not always about drones, self-driving trucks, or automated warehouses. With enhancements in manufacturing and product development, it’s increasingly hard to distinguish product capabilities as a customer. We are seeing that businesses who invest in innovation and view supply chain as a competitive lever drive the most impact to their bottom line. Will they share inventory?
Enterra Insights
AUGUST 8, 2018
For nearly a decade, pundits have been touting the transformative effects of additive manufacturing (aka 3D printing). ”[1] Most analysts include additive manufacturing in their list of technologies that collectively are fostering the next industrial revolution, which is often referred to as Industry 4.0. Timms correctly points out even if additive manufacturing overcomes some of its remaining challenges, it won’t ever completely replace traditional manufacturing.
JDA software
MAY 13, 2019
In fact, end-to-end visibility and traceability was the top investment objective of surveyed retail, manufacturing and third-party logistics CXOs for the second year in a row. While executives value their current toolsets highly, and maintaining legacy systems is their number 2 investment priority, the ability to collaborate and innovate are their two lowest-rated internal capabilities. This preference held true across the retail, manufacturing and 3PL segments studied.
All Things Supply Chain
MARCH 28, 2016
Did you know that an entire book covering the best way to manage a startup business was written based on key learnings from the supply chain industry, or more specifically, manufacturing processes? The book is called The Lean Startup and … Continue reading → General Inventory management innovation startups supply chain entrepreneurs
ToolsGroup
MARCH 1, 2018
By using data to stock items with higher forecasted demand, they can reallocate cash that would normally be tied up in poorly performing inventory, avoid margin erosion from markdowns and dead stock, and increase overall on-shelf availability metrics. Yet paradoxically retailers front-load inventory to the store, under the belief that goods must be on the shelf to sell. The challenge is that once it's forward-deployed, it's not always cost effective to re-position inventory.
Cerasis
MARCH 23, 2016
Twitter Google+ LinkedIn The post How to Sustain a Lean Culture in Manufacturing & Supply Chain appeared first on Transportation Management Company | Cerasis. Lean Manufacturing Supply Chain lean cultureToday I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? I use a method I call managing for daily improvement or MDI.
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