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GEP and the NorthCarolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.
PwC reports that almost half of assets under management are held by investment firms committed to decarbonization. Similarly, UPS has strong commitments to sustainability and invests in many options, such as alternative fuel vehicles, e-cycles in dense cities, and carbon offsets for purchase with shipping. Buffering creates waste.
Malcolm McLean, a trucker from NorthCarolina, was tired of waiting. Operational innovations like the invention of containers led to the huge growth in global value chains, and today 95% of manufactured goods move on ships. But advances in this area have two limitations – the software itself and our ever-changing world.
Smart Manufacturing has been making a lot of noise in the manufacturing industry, mostly due to how automation can greatly improve manufacturing operations through enhanced productivity. Also known as the “ New Industrial Revolution ”, this may indeed drastically shift the entire world of manufacturing. So, what is it?
Experts from NorthCarolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain.
Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says. It’s not enough to make a model table for a website or a showroom. Planning was effective in this case, execution failed.
I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Not surprisingly, analytics is at the top of the list. This complexity is occurring in many forms.
Cybersecurity has emerged as a key area of concern in Japan, where government critics say responses to hacking threats have been hampered by a fractured approach: an attack on a hitherto obscure supplier was enough to bring one of the world’s mightiest manufacturers to a domestic standstill. The new pool, to be known as SACP 3.0,
The COVID-19 pandemic has pushed manufacturers to rapidly shift gears, from addressing work-from-home policies to managing extreme swings in demand and uncertain supply chains. In the process, it has highlighted an aspect of manufacturing ERP that is not as visible in more normal times— business continuity.
The past few years have been quite the rollercoaster for manufacturers. In this article, we’ll look at the latest reports on manufacturing activity, while showing how a third-party logistics (3PL) provider can offer great logistics benefits within the manufacturing industry. Third-party procurement.
Center for Environmental Farming Systems (1) – Dairy Farming Project – Helping to create a transition plan to Austin Family Dairy Farm, a 75-Jersey cow conventional dairy farm located in Yancey County, NorthCarolina. You guessed it – ANALYTICS! What do all of these projects have in common?
Still Foggy at the Top – What the New Logistics Report Means for the Rest of Us For all the hope around trucking bouncing back, the new CSCMP “State of Logistics Report” just affirmed what most small carriers already feel: Things are still off. Get real with your costs: Don’t expect market rates to do the work for you.
This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. The company will henceforth outsource the manufacturing of its stationary exercise bikes and treadmills to a Taiwan based contract manufacturer. Sourcing was both a cost as well as landed cost decision factor.
Users can choose a fixed implementation plan or a more consultative approach, and scale up as needed with everything from reporting and analytics, shop floor data capture, HR, payroll and hosting available. Purchasing and supplier management, International Commerce Codes functionality, and advanced shipping. Orchestrate.
Here is a sample of the type of projects our MBA and Engineering students are working on this semester, proving again that NC State is all about “THINK AND DO” (in our case, executing on practical applications in the real world using robust supply chain analytical approaches). MUFG Union Bank Strategic Performance Metrics.
Since graduating from the NC State Jenkins MBA program in 2006, Joydeep Ganguly has risen through the ranks at Biogen Idec – the world’s oldest independent biotechnology company and the largest biotech employer in NorthCarolina. I love data and analytics that create insights into processes and approaches.”
This week, global automaker Toyota indicated that the company would nearly double its investment in a planned battery production facility being constructed in the state of NorthCarolina. Cost is an obvious factor as well, even as government subsidies for purchase exist.
I am delighted to share with readers of my blog, the announcement of a new report completed by Jay Golden from Duke University and myself, that was released today at 11 AM and announced by Tom Vilsack, Secretary of the Department of Agriculture. Agriculture Secretary Tom Vilsack today announced the release of the report that shows the U.S.
Effectively, there is no database that permits reliable reporting on the volume of biobased products sold in the US or exported for global consumers. Unfortunately, The North American Industry Classification System (NAICS) is the standard-bearer for classifying businesses and sectors.
This exclusive data comes from EventWatch AI , Resilinc’s 24/7 AI-powered, global event monitoring platform, which collects information and monitors news on 400 different types of disruptions across 104 million global sources. The fire started when a small piece of Styrofoam the company manufacturers caught fire in an oven.
which combines Cloud Computing, Big Data and Analytics, Horizontal and Vertical System Integration, the Internet of Things, and Cybersecurity to interconnect manufacturers and their customers and suppliers in an extended supply chain. It incorporates the Business to Manufacturing Markup Language (B2MML) XML standard.
Some states are limiting corporate access to renewable energy, making it difficult for manufacturers to meet energy goals. Yet many of these manufacturers now face a challenge in accessing the clean energy they want and need, due to state policies that limit corporate renewable energy procurement.
The novel coronavirus has produced a lot of uncertainty, and for manufacturers in the pulp and paper industry, that includes uncertainty related to demand. In March, for instance, online sales rose 25% and online grocery shopping soared 100% in terms of daily receipts, USA Today reported from a study done by Adobe Analytics.
He is a consultant to Fortune 500 companies and US federal agencies, and a speaker with focus on the fields of strategic sourcing, supply market intelligence, and supplier development. In the 1990s, purchasing managers were focusing on how to beat up their suppliers in order to buy cheaper. Analytics is key.
After decades of jobs moving overseas, the tide has turned in favor of reshoring , reports the Reshoring Initiative in its latest annual report. added 77,000 jobs in 2016, with an additional 13,000 reported for the previous six years, for a total of 338,000 manufacturing jobs reshored since 2010. Supply Chain Control.
These predictions mostly seem obvious. I got a pitch from the PR firm representing Everstream Analytics that was different. Everstream Analytics is sitting on a vast trove of risk data. The company applies AI and other analytics to this data to provide supply chain risk analytics and insights to its clients.
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