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

Hyperconnectivity is the increasing digital interconnection of people – and things – anytime and anywhere. This level of connectivity will have profound social, political and economic consequences, and increasingly form part of our everyday lives, from the cars we drive and medicines we take, to the jobs we do and the governance systems we live in, to even the business technology systems we use. 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. Tracking of Performance.

How to Prepare Your Supply Chain for the Internet of Things

Demand Solutions

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). Shipping containers that send updates to your supply chain planning system. And all of this happening in ways that increase efficiency, reduce waste, and enhance your bottom line. I’d call that a massive shift of opinion in favor of 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

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). Shipping containers that send updates to your supply chain planning system. And all of this happening in ways that increase efficiency, reduce waste, and enhance your bottom line. I’d call that a massive shift of opinion in favor of 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

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. Twin private-sector and public-sector resources and use of the IoT, the value of the IoT platform grew to more than $8 trillion by 2014, reports the Cisco and DHL publication, the Internet of Things in Logistics.

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. In the first post, we looked at how the IIoT can help manufacturers lower inventory levels.

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.

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.

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).

Taking Visibility to the Next Level with IoT and Cloud Connectivity

TMC

They want to know how their order is progressing through every stage of the journey in a global and dynamic environment. In a survey from Voxware , 69% of respondents said they are less likely to shop with a retailer if an item is not delivered within two days of the date promised. Additionally, 97% of consumers expect to be able to live track their orders and receive timely updates throughout the shipping process.

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

Supply Chain Game Changer

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! I will go into more detail about some of his past experiences with engineers coming in to support operations at a later time. Frankly, I was blown away by how many cases were received and shipped out. Subscribe Here!

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.

How Big Data is Changing Supply Chains

NC State SCRC

Today’s companies face overwhelming reams of endless data flooding in from a broad range of channels. In spite of this often-daunting aspect of business today, with appropriate use of this data, you can realize a powerful advantage over the competition by boosting efficiencies in your organization’s supply chain. In a nutshell, big data is the dynamic, enormous and “disparate volumes of information created by people, tools and machines.”

Fine-Tune Your Supply Chain By Looking at Amazon

Savi

Does that mean to compete today, you need planes, trucks, ships and a global network of distribution centers? Often overlooked is that behind all of Amazon’s fleet assets run the best technology tools to manage schedules, performance, costs and customer satisfaction. In-transit visibility software-as-a-service provides accurate, live streaming data on the location and condition of cargo in motion.

Innovative E-commerce Software from ShippingEasy

Operations and Supply Chain Management

The software features logic that ties users into the best commercial shipping rates offered by the U.S. As orders arrive in shopping carts, platforms, and marketplaces that software automatically plans inventory picking and shipments to efficiently process the order. The simple conversational user interface speeds the training of workers and improves overall productivity. These types of integrated technologies will be a key feature of the intelligent systems of the future.

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.

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.

SCRC Meeting: Advanced Auto Parts is investing in Advanced Analytics to drive competition

NC State SCRC

Todd Greener, Senior Vice President of Supply Chain at Advanced Auto Parts, led off the discussion (after I provided an overview of what was happening in the digital space). They are also keenly aware of the move towards autonomous vehicles. With the merger between AAP, Carquest, and WorldPac, there is now a long-term strategy to win, and supply chain growth is a big part of connecting assets and presenting products to the customer is a big part of the strategy.

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!

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.

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.

Disruptive Warehouse Technologies for Any Company!

Supply Chain Game Changer

Everyone, including those who are best in class, has the need to reduce costs, improve the speed and accuracy of order fulfillment and warehouse activities, optimize inventory, and provide sufficient capacity to support growth at your busiest times of the year. The nature of the technology landscape brings those improvements within the reach of most everyone. Inventory accuracy can be a perennial problem for many companies. Subscribe Here!

3 Benefits a TMS Provides for Team Collaboration & Inner-Management

Cerasis

Logistics providers must leverage the power of inter-management and team collaboration to continue growth in an industry that’s under a great deal of stress. Let’s take a look at how data and analytics play into collaboration, what benefits can be realized, and how the overall shipping process can be streamlined through the use of a dedicated transportation management system (TMS). This translates into rapid identification of problems and ways to improve processes.

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. The Current State of IoT in Manufacturing. Although IoT is already in widespread use in manufacturing and the supply chain, what it is used for is fairly limited and has only scratched the surface of what can be achieved. The third major benefit of IoT in manufacturing is to ensure that the quality of goods remains consistent.

5 Tips to Improve Omnichannel Inventory Management

Unleashed

The world of commerce is an ever-changing one. Tech developments such as 5G and the Internet of Things are reshaping everyday life. Some things, though, will never change. That includes the importance of robust inventory management to retail. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky.

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.