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The Industrial Internet of Things, Manufacturing, Supply Chain & Logistics: Where Are We & Where Are We Going?

Cerasis

The era of paper-based systems and physically monitoring the supply chain is ending. In place of long paper trails and maintenance schedules, machines with the capacity to communicate their needs and issues via the industrial Internet of Things (IoT) are becoming an essential component of effective processes. In fact, your presence on this website alone indicates use of the industrial internet of things today, but the opportunities are limitless.

Supply Chain and the Internet of Things – Towards New Paradigms

Logistics Bureau

Internet plays a key role in connecting native digital items like PCs, IT servers, smartphones, and software applications. However, the things to hook up now include physical assets from an analogue world. Machinery, vehicles, mechanical devices, actuators, gauges, sensors, and other things are non-digital. They cannot connect directly to the all-digital Internet. That’s where the Internet of Things or IoT comes in.

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Supply Chain Predictions!

Supply Chain Game Changer

Check out Procurement Experiences, Trends and the Future! 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.”. Subscribe Here! Email Address.

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!

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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.

6 More Logistics Technology Trends Enabling Success in 2018

Cerasis

In our first post on this subject, we addressed the 5 automated logistics technologies that will serve as the foundation of the transformation to the digital logistics & supply chain landscape. The short answer is: not a heck of a lot! However, logistics focuses expressly on the movement and storage of products, while the supply chain goes into deeper detail, including manufacturing processes, procurement, and the flow of goods.

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10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

With accelerating rates of virus transmission and deaths the global response for containment has increased as well. Every aspect of our lives has been disrupted: our health, freedom of movement, employment, the economy, our ability to buy goods, and virtually every Supply Chain. We started to hear about shortages of toilet paper, hand sanitizer, foods and household goods. Now we are starting to hear about shortages of ventilators, masks, and medical equipment.

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Bundling Blockchain with Other Technologies for Maximum Effect

Enterra Insights

Blockchain technology has received a lot of press this past year. Most people associate the technology with cryptocurrencies like Bitcoin; but, blockchain technology has much broader application and is poised to disrupt a number of economic sectors. “The implications of blockchain technology are far reaching, with the potential to change many aspects of business across a variety of sectors,” writes Connor DiGregorio ( @digreg_orio ), an analyst with IBISWorld.

Top 5 Trends to Know to Compete with Amazon’s Supply Chain

Cerasis

Fortunately, these five trends may alleviate some of the strains of competition by giving supply chain partners an advantage in the global market. Amazon’s purchase of Kiva Robots changed the landscape of robotics in the supply chain. Meanwhile, Lowe’s has created the LoweBot , which boosts customer service, explains Dan Gilmore of Supply Chain Digest. Furthermore, the speed of operation of robots will increase more than 30 percent by the end of 2017.

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The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. Fortunately, your organization can get ahead of the learning curve by knowing what trends in logistics to watch for this year. According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. This has always been true in retail, but the power of consumers has grown with the rise of the digital age.

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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. If cost reduction is not the only thing to measuring supply chain performance, that begs the questions: "Maybe we should be measuring other Supply Chain Management activities and what would they be?". Inventory measurement is critical and it is money after all in that it took a capital expense to procure.

Twitter Insights from GT Nexus Bridges 2015 Conference

Talking Logistics

The exercise, however, provided me with a great list of reminders of what I heard and learned at the conference, which I will share with you today. One of my favorite quotes from the conference, which I believe sums up the perspective many customers have about GT Nexus, came from Joe Dixon, SVP of Supply Chain at Brooks Brothers: “SAP is our internal ERP system, GT Nexus is our external [supply chain] ERP system.”. 143 TB of transaction data.

These 5 Top Logistics Trends for 2018 are a Response to the Growing Customer Experience Movement

Cerasis

With the rise of e-commerce, the value of logistics has grown. Logistics professionals can no longer simply go about standard operations, and the days of peaks and lulls have ended. To answer that question, let us turn our attention to some of the key top logistics trends we’ll see over the next 12 months, in part as a response to the growing customer experience movement. Imagine what work would be like if you could offer all customers free two-day shipping.

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How Blockchain Could Create the 'Autonomous Container'

Supply Chain Brain

Indeed, the very notion of applications that “talk” to one another is merely an extension of a system that shippers and carriers have deployed for years, albeit in a more primitive fashion. There’s nothing new, for example, about a carrier’s ability to monitor the interior temperature and humidity of a shipping container while in transit. The technology features chips that monitor temperature and humidity within a 500-meter range of an air-freight container.

5 More Transformative Supply Chain Technologies Supply Chains Will Focus on in 2018 to Move to the Next Level

Cerasis

The supply chain technology stack comprises hundreds, if not thousands, of individual technologies, and considering the growth of the Internet of things (IoT), there really is no limit to how much these transformative supply chain technologies may expand within the next 12 months. We expand upon the supply chain technology trends we spoke about in the first part of this blog series, but let’s take a look at 5 more supply chain tech trends that will shape 2018.

Blockchain and Reverse Logistics: Recapturing Costs and More

Cerasis

The costs of reverse logistics amount to more than $750 billion per year, and the demand for reverse logistics has risen in recent years with the rise of e-commerce. According to Stacy Rudolph of Business to Community, up to 30% of all products ordered online become returns, placing an insurmountable burden on reverse logistics. Other products, such as those used for hygiene or personal uses, could increase the risk of cross-contamination throughout the supply chain.

The Supply Chain Game Changer Job Board!

Supply Chain Game Changer

Quantum Leap to the Top 10 Supply Chain Skills of the Future! . There are a lot of job boards around. Our readers are often sending us messages asking for jobs, or asking if we know of available jobs, or asking to submit their resumes or CVs. And companies are asking if we know of people to fill their jobs or how to promote their job openings. For our purpose when we refer to “Supply Chain” we are including all of these functional areas.

Using Logistics Technology to Execute a Winning Inbound Freight Strategy & Have Compliant Vendors

Cerasis

Unfortunately, the traditional logistics of sending out paper guides and even keeping updated online versions has grown complex and difficult to control. Meanwhile, the importance of vendor compliance has grown more than ever as supply chains expand, explains Lisa Terry of Inbound Logistics, and companies look to trim the fat and optimize workflows to gain a competitive advantage. One of the biggest risks in using paper guides for vendor inbound logistics is security.

Why Truck Drivers are a Vital Part of the Supply Chain!

Supply Chain Game Changer

Take a quick look around your home or office and you’d be hard-pressed to find a product that has not seen the inside of a truck at some point in its existence. In truth, many aspects of everyday life are made possible through the supply chain industry, with trucking alone responsible for 70% of America’s freight volume by weight. However, with continuing problems on driver shortage and the rise of driverless trucks, where will truckers fit in the general scheme of things?

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The Digital Transformation Journey: The Alignment of Industry, Company, and Technology

Talking Logistics

Ports are having to off-load cargo onto the new mega-ships offshore from multiple smaller ships because they don’t have the capacity to handle the bigger vessels. Technologies such as the Internet of Things, artificial intelligence, big data, machine learning and the cloud are changing the way people and companies interact and do business. The rules of business are being rewritten with these new digital technologies.

Predictive Analytics and Future Supply Chains

Enterra Insights

Analysts from River Logic write, “The importance of supply chain analytics is demonstrated by predictions that the market will grow at a CAGR of 17.3% I’m reminded of the story of two men who bought a truck and went into the watermelon business. When it became obvious they weren’t making a profit, one of the men said, “Maybe we need a bigger truck.” With this influx of technology, predictive analytics is more powerful than ever.”

It’s All About the Logistics

Enterra Insights

Four decades ago, Rich Weissman, CEO of Rich Weissman & Associates and an experienced supply chain management practitioner, was just beginning his career. He was hired as a purchasing agent and was directed to obtain some procurement training at a local certificate mill.[1] 1] “During the first few hours,” he writes, “we went over the pertinent areas of a purchase order. Two-day or same-day shipping is becoming the norm.

The Astonishing Benefits of Supply Chain Visibility and Their Impacts

Shipchain

Supply chain visibility is essential to modern success, but according to Supply Chain Dive , as few as 6% of companies have achieved full supply chain visibility. The problems existing within supply chain visibility go back to issues with tracking shipments after shipping to consumers. To stay competitive, modern supply chain managers need to understand the importance of boosting supply chain visibility to increase overall success.

A Don’t Touch Supply Chain Strategy Must Now Dominate The Future!

Supply Chain Game Changer

The overarching strategy for limiting exposure to, and spreading of, the Coronavirus is that of Social Distancing. But even with social distancing, the global lockdowns, temporary closures of many businesses and disruptions of economies everywhere there are still Supply Chains in action, as disrupted as they may be. we discuss the fact that any movement, handling or touching of goods must be analyzed. How can we support both of these needs?

Ultimate guide to technologies that are transforming supply chains

6 River Systems

Technology can have a significant impact on supply chains, but supply chain digitization still lags behind digitization of other areas of business across many industries. According to research from McKinsey & Company , the supply chain dimension has the lowest level of digitization (43%) compared to other dimensions, including products and services, marketing and distribution channels, business processes, and new entrants at the ecosystem level. are transported by truck.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. As we draw toward the end of each year, I like to start collating information from our experiences at Logistics Bureau, along with anything I find in the supply chain industry media, about industry trends that look set to compete for business-managers’ attention in the year to come. The Death of the End-to-End Supply Chain.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. The total cost of ownership is defined as the combination of the purchase or acquisition price of a good or service. It also provides a context for all stakeholders to see the total picture of their organization’s costs.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. The total cost of ownership is defined as the combination of the purchase or acquisition price of a good or service. It also provides a context for all stakeholders to see the total picture of their organization’s costs.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. The total cost of ownership is defined as the combination of the purchase or acquisition price of a good or service. It also provides a context for all stakeholders to see the total picture of their organization’s costs.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. Also, it includes the key considerations such as how much of the product or service to sell and finally choosing the most cost-effective markets to operate in.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. Also, it includes the key considerations such as how much of the product or service to sell and finally choosing the most cost-effective markets to operate in.

Top 25 Supply Chains of 2018

Material Handling and Logistics

Our look at the Top 25 (plus 4) Supply Chains of 2018 examines how the best companies in the world excel at managing their global supply chains. One of the most popular articles we’ve ever done is our look at analyst group Gartner’s annual ranking of the Top 25 Supply Chains. So the CSR score too is more of a popularity contest than a consistent metric. At the end of the slideshow, you’ll also find links to our analyses of previous years’ rankings.

Why tech could shake up the $8.1 trillion global logistics industry

EFT

Innovation is a key driver of future growth, and many companies are already working on new technologies to replace existing legacy systems. Hunt Transport Services Inc. Hunt Transport Services Inc. warned in 2017 that costs were set to increase by 10% as a result of regulations, a driver shortage, fuel prices, and shrinking margins. Fragmentation poses a challenge in this industry, with the top four companies commanding only 15% of the overall market share.

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

However, even with a growing number of innovative technologies at your fingertips, your success still depends on your strategy. To help you determine what tactics, processes, technologies and practices are a must-have in a winning supply chain strategy, we reached out to a panel of supply chain professionals and asked them to answer this question: “What’s the single most effective way to create a winning supply chain strategy?”