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The (Internet of Things) IOT Supply Chain Benefits Now Coming Clearer

Cerasis

The Internet of Things (IoT) seems to be popping up in more conversations throughout the entire supply chain , and more businesses have turned towards IoT experts for guidance on how to take advantage of its benefits. The Internet radically changed how the world communicates. Simple activities and information became instantly available, which eventually led to the creation of the IoT. Most manufacturing processes heavily rely on the use of machinery.

What is the Hyperconnected Era & “The Internet Of Things” and What does it Have to Do with Manufacturing & Logistics?

Cerasis

Editor’s Note: This is our second post in a collaborative blog post series about mobility in manufacturing & logistics along with Catavolt, who helps manufacturing organizations drive operational excellence with mobile apps. We encourage our audience to visit The Catavolt Blog for more relevant posts about mobility in manufacturing for best practices, tips, and great industry insights. The implication of this capability will be immense.

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

Cerasis

Manufacturers are set to invest up to $70 billion in the Industrial Internet of Things ( IIoT ) by 2020, reports John Greenough of Business Insider. The development and deployment of autonomous vehicles, machine-to-machine communication abilities and preventative maintenance could all team up to result in even greater savings in 2016, which will further increase investments for the Industrial Internet of Things.

How to Prepare Your Supply Chain for the Internet of Things

Demand Solutions

Thanks to the cloud, there has never been a better time to be a manufacturer or distributor with a vision for rapid, profitable growth. This isn’t a science fiction story—it’s the current reality for many manufacturers and distributors. All across the supply chain—in factories, in distribution centers, on forklifts, and in package delivery—companies are quickly adopting the Internet of Things (IoT). Think of it as SCM 2.0.

The Internet of Things and Supply Chain Transformation

Enterra Insights

Recent reports indicate Internet of Things (IoT) technology adoption is slowing down due to security concerns. Back in 2015, Irfan Saif ( @irfansaif ), a principal with Deloitte & Touche LLP’s Cyber Risk Services practice, wrote, “Internet of Things initiatives demand targeted strategies to combat the influx of new cyber risks that will invariably accompany them.”[2] IoT-connected sensors can provide this kind of data.

How to Prepare Your Supply Chain for the Internet of Things

Demand Solutions

Thanks to the cloud, there has never been a better time to be a manufacturer or distributor with a vision for rapid, profitable growth. This isn’t a science fiction story—it’s the current reality for many manufacturers and distributors. All across the supply chain—in factories, in distribution centers, on forklifts, and in package delivery—companies are quickly adopting the Internet of Things (IoT). Think of it as SCM 2.0.

The Internet of Things and Supply Chain Operations

Enterra Insights

Connecting those links has been the essence of supply chain operations since trading first began. This focus sharpened and became even more important with the rise of e-commerce and omnichannel operations. As a result, they are leveraging innovations related to the Internet of Things (IoT) as a means of tightly merging the physical and digital worlds, optimizing supply chain operations and improving the customer experience throughout the value chain.”[1]

Internet of Things (IoT) in the supply chain – a jolt of creativity required?

DELMIA Quintiq

A couple of months ago, I went to an interesting event dedicated to creating a digitalized factory of the future. Given that it took place in Japan, I imagined quite an animated discussion around making another leap in the manufacturing of things. From the presentations, it was clear that the investment in IoT hardware, from raw material tags, inventory tags, to equipment sensors – is increasing. To make things more interesting, it is not a factory.

3 Uses of IoT Tech Spurring Sustainability in Supply Chains

Cerasis

The Internet has already transformed the way individuals interact, make choices, and process information. In the shipping and manufacturing industries, that same “worldwide web” is now being deployed to encourage more energy-efficient operational and communication strategies for a low-carbon economy, thanks to IoT Tech. But perhaps the most far-reaching changes will center around the use of large data systems to drive sustainability in logistics and supply chains.

The Next Great Disruption Coming to Supply Chains

Kinaxis

Those are potential, and somewhat out of our control. I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Philip Evans shares how today’s consumer is sharing a colossal amount of data to come to a buying decision. Others consider how this “data” is used, and use the term “Omni-Channel” or “Internet of Things”.

How the IoT Platform Fixes Problems in Today’s Logistics Industry

Cerasis

While logistics and manufacturing have grown exponentially, problems have become more complicated. At the same time, machines-to-machine connectivity through the Internet of Things (IoT platform) is increasing the value of data companies have to analyze. Regardless of where you sit to view the logistics industry, problems are becoming more evident. As demand for connection increases in the private sector, the cost of IoT-enabled devices will decrease.

How the Internet of Things Can Shorten Lead Times

synchrono

A new study in Modern Materials Handling reports that 86% of industrial organizations are currently adopting IoT (Internet of Things) solutions, and 84% believe those solutions are very or extremely effective. Manufacturers lagged behind the industrial segment as a whole, with only 77% of manufacturers implementing IoT in their facilities. So, what is holding manufacturers back? Related Post: It’s Time to Revisit Vendor Managed Inventory.

Consumer Products Supply Chain Disruptor: 3D Printing

DynaSys

The use of advanced technologies is significantly transforming the manufacturing of all products and having a tremendous impact on the supply chain. Internet of Things, BOTS, Machine Learning, Blockchain, Augmented Reality and others are changing the way products are designed, produced, shipped and ultimately purchased and acquired by consumers. 3D printing can have a number of significant impact to the supply chain. Inventory Reduction.

2016: The Year of Connectivity

Talking Logistics

From the Internet to smartphones to social media to Skype to CNN, we can be constantly connected to what is happening in the world, in our business life and in our personal life. For example, a study by the FMI/GMA Trading Partner Alliance found that 78 percent of manufacturers do not use retailer-supplied forecasts in their own production and deployment planning. That’s why 2016 will be the year of connectivity in supply chain.

How AI and the IoT Can Change Transportation Management

Cerasis

Analysts predict that by 2020, 75% of new cars will feature IoT connectivity. The percentage increase describes consumer applications, but the idea of connected vehicles should garner interest from other sectors such as shipping, logistics, and transportation. David Poulsen, CutCableToday ’s IT expert, says connected, or autonomous, vehicles, are attractive because of the technologies that undergird them. He says AI could impact six areas of operations.

Leveraging Technology in the Retail Supply Chain

NC State SCRC

Companies in the retail sector are looking to automation, artificial intelligence, and other technological advancements to augment various sectors of their business. Technology is assisting retailers with creating a complete picture of their business operations, from the back-office, to the production center, to the sales floor. Retailers have a wealth of technologies at their disposal. The Internet of Things (IoT).

Augmented Reality (AR) is the Future of the Supply Chain!

Supply Chain Game Changer

Most people know the stuff they buy at the store is not made there and would likely come from a manufacturer. I found this out during my first job out of college. I started my industrial engineering career in a hot Southeastern ambient distribution center (DC) where innovation consisted of adding conveyor and sorters at several hundred dollars per FOOT! Frankly, I was blown away by how many cases were received and shipped out. Subscribe Here! Email Address.

DC 70

Supply Chain Predictions!

Supply Chain Game Changer

In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Conversely, slowing down the supply chain is at the root of everything that is bad: working capital write-offs, reduced profitability, and slowing revenues.”. Digital transformation of the supply chain will change everything – for the better.

The Future of IoT in Manufacturing

BluJay Solutions

The Internet of Things (IoT) is quickly moving beyond being just a trendy, hyped technology to reality. Gartner also believes that IoT will have an enormous impact on how the supply chain operates and with the information available to supply chain and manufacturing leaders. The Current State of IoT in Manufacturing. The greatest benefits that IoT will be able to provide are directly related to managing supply chain and manufacturing risks.

Omnichannel In Manufacturing: Why Manufacturers Are Following Retailers to an Omnichannel World

Cerasis

The application of omnichannel in manufacturing primarily focuses on the collaboration between suppliers, or vendors, and distributors. The Problem: Seamless Omnichannel Experiences Extend Beyond Retailer-Customer Relationships Keeping up with customers’ demands has natural implications for business-to-business sellers, including manufacturers. Manufacturers still using disjointed processes and operating in functional silos are unable to keep up with demand.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

There are articles which describe what the future of Supply Chain will be like in 2020, 0r 2025, or even 2030. But is that enough of a far-reaching vision to offer much more than an incremental view of what we see today based on existing technology? Any view of the near future is more likely to describe incremental changes and incremental advancements based on the current knowledge base. So how can all of this be used to shape what happens in Supply Chain?

Day 3: Lenovo Goes About Creating the End to End Transparent Supply Chain

NC State SCRC

On the third day the team visited the Lenovo “Green Data Center”, and learned of how Lenovo is working to create their “converged” network servers that are on the leading edge of being focused on sustainable high speed efficient performance. Lenovo is $45B in sales, with 55,000 employees in over 160 countries, and was named one of the top 100 best global brands. Managing inventory cost is always an issue, and it is often driven by a number of factors.

Digital Inventory Management Key Battleground in Transformation of Brick-and-Mortar Retail

Cerasis

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. Although e-commerce represents 10 percent of total retail sales, it has had an interesting effect. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. The days of managing stock in individual channels are over, yet shippers must still manage stock for each channel.

It’s About Time for a new “World Class Supply Chain” Paradigm

NC State SCRC

As a young assistant professor at Michigan State University in 1992, I was part of a group called the Global Procurement Benchmarking Initiative. This initiative benchmarked over 300 global companies, and set forth many of the principles for what we called “World Class Supply Chains”. Many of these principles became the foundation for consulting practices at Accenture, Deloitte, Booz Allen, and others. Leveraging and strategic sourcing has gotten in the way of that.

How AI and the IoT Can Change Transportation Management!

Supply Chain Game Changer

Analysts predict that by 2020, 75% of new cars will feature IoT connectivity. The percentage increase describes consumer applications, but the idea of connected vehicles should garner interest from other sectors such as shipping, logistics, and transportation. David Poulsen, CutCableToday’s IT expert, says connected, or autonomous, vehicles, are attractive because of the technologies that undergird them. He says AI could impact six areas of operations.

Learning to Work with Machines That Learn What the Experts Know

NC State SCRC

It is no secret that future generations of managers are being asked to learn all about the different processes in the end-to-end supply chain, and be able to come together with others in a fast action plan when a disruption strikes. And people are often hesitant to bother these experts, or in many cases don’t know who they are, nor how to ask the right question that helps to access the specific gray matter between the ears of these experts for help with a specific problem!

4 Key Trends to Watch in Smart Manufacturing and Supply Chain

Cerasis

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. The mechanical properties of the parts produced with AM have to be proven.

Best Practice: Creating a Governance Mechanism for Analytical Learning in Organizations

NC State SCRC

The linkages between the enterprise and local teams are very tight, to ensure that functionally unique applications are inventoried centrally so all parties can leverage these tools. Recognizing the importance of having the right mix of data scientists and SMEs, the company has established a supply chain information and analytics organization composed of data scientists, operations research, and statistics PhDs to work on problems they are directed to from the business.

RFID and IoT Providing Double Benefits for Automotive Manufacturers

Cerasis

Still in its infancy, the Internet of Things is already taking us in unexpected directions and into brand-new territories. the IoT is a highly collaborative, internet-driven effort to increase networking connectivity and functionality between smart devices and modern appliances of all kinds. . This technology is able to bolster supply chain and inventory management by using a digital database of raw materials, finished goods, and current production cycles.

Analytics in Distribution and Manufacturing Taking Center Stage

Cerasis

Part of this drive toward more interest in analytics in distribution and manufacturing comes from the ability of analytics to reduce inefficiencies dramatically and increase productivity in both physical and virtual sales environments. To guarantee your business’s success in the modern supply chain, you need to understand a few things about analytics in distribution and manufacturing. How Are Analytics in Distribution and Manufacturing Being Used?

The Impact of Digital Connectedness – Is Your Supply Chain Ready for the Complexity?

BlueYonder

A few weeks ago I discussed some key takeaways from ChainLink Research’s Digital Displacement report , which examined how digital advancements are affecting manufacturers’ products. It’s a deep dive into how digital connectedness will impact manufacturers’ supply chains in the future. The report estimates that the digital connection between billions of customers and products will drive trillions of transactions.

IoT enabled Supply Chain Visibility: The Holy Grail of Supply Chain Managers

Global Trade Management

It helps companies to decrease the impact of disruptions on the supply chain by providing actionable data. Supply chain leaders recognize the importance of visibility as it streamlines operations, reduces business risk, increases efficiencies and enables better decision making and forecasting based on insights offered by real-time data. Thankfully, by the ever increasing availability of IoT technologies, supply chain visibility can already be achieved today.

Shipping Technology: Non-Tech Savvy Shippers Lose Advantage Over Time?

Cerasis

The usefulness of technology among shippers remains undisputed. What happens when shippers simply forgo implementing shipping technology, and how can shape their future demise? Shippers Must Weigh In-House Versus Off-the-Shelf Shipping Technology Solutions. The first struggle with implementing shipping technology in an enterprise goes back to considering in-house versus outsourced tech solutions. Adoption of TMS Remains Steady.

Manufacturers, Technology, and the Digital Age

Enterra Insights

Manufacturers have historically found themselves at the cutting edge of technological advances. It’s surprising, then, to read stories encouraging manufacturers to jump aboard the Digital Age technology bandwagon. He stated, “New technologies can lead to rapid, widespread change as the rate of technology adoption is accelerating across society.” 2] It makes perfect sense that manufacturing must adapt to the digital age.

Manufacturing in the Age of Uncertainty

QAD

That kind of demand shift can give pizza makers fits, especially if they didn’t see it coming. But what if every pizza shop in America all of a sudden asked a single pizza oven manufacturer to build and ship an extra oven per shop? How does a manufacturer organize operations to meet unexpected demand shifts without creating inefficiency for the rest of the year? But inventory is expensive. Today’s manufacturers are running more lean than ever.