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Manufacturing is on the cusp of an explosion in growth and innovation in 2018. These facts set the stage for exponential manufacturing growth in 2018. These facts set the stage for exponential manufacturing growth in 2018. Check Out the Top 2018Manufacturing Trends.
That then allows us to create more of that kind of content so our award winning blog This year we will feature the top blog posts by page views in the following categories: Manufacturing , Logistics , Freight , and the Supply Chain. ” Today’s post will cover the top 5 manufacturing blogs from 2018.
Over the next two years, manufacturers are set to invest more than $250 billion in the Industrial Internet of Things (IIoT), and the use of technology to improve manufacturing will only increase. Let us take a closer look at some the advanced manufacturing technologies set to define the state of manufacturing throughout 2018.
In 2020, manufacturing took a huge hit as a result of the constraints around COVID-19. On the other hand, the October and November 2020 Purchasing Managers Index (PMI) is higher than any time since 2018, indicating a pent-up demand for manufacturing. In April 2020, year-on-year output dropped by nearly 20%.
Going back to the Industrial Internet of things (IIoT), the use of Internet-connected technology increases risk in manufacturing. billion in 2018 alone, reports Michael Kotelec of Manufacturing.net , and this will bring a strong, robust boost to efficiency and productivity in manufacturing. However, the risk is well worth it.
Are industrial manufacturers seizing all the opportunities of a more digital world? A recent article suggests that, by 2018, only 30 percent of manufacturers investing in digital transformation will be able to maximize the outcome. Possibly not. The remaining 70 percent are hindered by outdated business models and technology.
Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement.
Spending has increased by $2 billion annually, and projections indicate spending rates will increase in 2018 to $3 billion annually, reports Business Insider. Furthermore, the IoT is directly linked to better risk management programs in manufacturing too, explains Industry Week. 2016 - $7 billion. Supply Chain Management.
Reducing reliance on single suppliers and diversifying supply sources can mitigate the impact of disruptions in specific regions or industries. Sunpower was once one of the larger domestic solar manufacturers and remained resilient during the cleantech bust of the early 2010s has finally met its match.
This classification extends to the manufacturing facilities and personnel keeping us fed and supplied. Doing more with less is more critical in manufacturing than ever. They might even find themselves conscripted into manufacturing essential products under the Defense Production Act. In 2018, the U.S. Refining: 18%.
Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. Kinaxis Purchase of Rubikloud. The Rubikloud acquisition was a $60M cash purchase. Elemica Purchase by Eurazeo.
Over the last 12 months, Ivalua has delivered a significant number of rapid procurement transformations with the help of its expanding ecosystem of advisory and implementation partners. Empowering Procurement and Supply Chain Leaders Across the Globe. 2019 revenue is expected to continue to grow rapidly and exceed $100M.
Value networks do not interoperate and the business leader trying to track shipments must manually sync multiple data sources to get to answers. Prior to 2018, when an ocean carrier booked a shipment they had to provide a chassis. Chassis are not being returned: “street dwell time” is ten days up three-fold from 2018.
The Salesforce.com model is primarily a pipeline management tool suitable for discrete markets but not process manufacturers. Relex will continue to do well in the retail market but will struggle to be a serious player in manufacturing due to the lack of thought leadership. Will this change the market? I don’t think so.
Editor’s Note: This article comes from Steve Wright who works for Whirlwind Steel and shares his knowledge on manufacturing plant site selection. There are a number of factors to consider in manufacturing plant site selection to ensure you have the best location for your new plant. download ebook. Do nearby factories emit dust?
Mi9 acquired this division through its acquisition of JustEnough Software in 2018. The combination of software offerings will optimize end-to-end planning–from production to purchase–equipping modern multi-channel retailers to build highly resilient, profitable and future-proof supply chains.
Cerasis is excited to announce the release of an all new, exclusive, & educational resource “The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018” white paper! This is a must read for those in the supply chain industry to stay on top of their games!
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?
This manufacturer produces plastic reusable material handling containers and plastic fuel tanks. The Company operates eighteen manufacturing facilities, nine distribution centers located throughout North and Central America. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company.
Dr. Alexandros Skandalakis – the Director Global Manufacturing Capacity, Strategic Assets and Capital Expenditures at Philip Morris Products S.A. This was done at a stock keeping unit level and for the entire manufacturing supply chain. PMI looked at four different solutions in late 2018. It was predictable.
The outsourced R&D, in turn, supported outsourced manufacturing with over 50 key suppliers. In 2018 and 2019 there were two fatal crashes of the 737 Max 8. But if Boeing can’t even manage processes in their factories, how good can they be at managing their partner’s manufacturing processes? There have been other incidents.
In today’s blog post we continue our look at the logistics technology trends that will shape 2018. 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. download ebook.
Will the trend toward a return to “regional manufacturing” boost volumes in over the road transportation in North America as manufacturers move away from Asian overseas operations? In a recent Gartner survey titled “Weathering the Supply Chain Storm”, Raman said, “Already in 2018 and 2019, the U.S.-China
Our 2018- 2019 Network Design Survey showed that the majority of organizations are still relying on spreadsheets (nearly 60%) and gut feel (15%) to make network design decisions. Another use case we see for scenario modeling in the current context is evaluating new sourcing locations. Read on for common use cases. .
Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. Belcorp Corporation, headquartered in Peru, manufactures cosmetics and personal care products for women in 14 nations across South and Central America.
While lean manufacturing and just-in-time were game-changing concepts when they were introduced, agility and resilience must be taken to an entirely new level post pandemic. In a 2018 survey by GEODIS, only 6% of supply chain professionals worldwide believed their companies had achieved supply chain visibility ?
Here are some different sources and their very different numbers: The first question is why the Department of Energy has these kinds of statistics. Retailers, manufacturers, and distributors own more warehouses than 3PLs. Their last survey was in 2018. Why not the Department of Commerce? Then there is JLL.
The first story is about a large regional food manufacturer. An example for this client would be to use 2017 and 2018 history to forecast 2019. The second story is about a regional beverage manufacturer. In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay.
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. Manufacturers will seek custom (or specifically tailored) e-commerce solutions.
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. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download white paper.
The manufacturing industry is experiencing a global boom, and this is the very reason that modern manufacturers need a great ERP solution to improve efficiency. It also provides a steady flow of real and up-to-date information, which makes it easy for manufacturers to complete goods processing and order delivery on time.
ARC defines the warehouse automation market according to a number of qualifications and dimensions to deliver a well-defined measure, with numerous segmentations, allowing those that purchase the research to understand what is being measured, and to easily extrapolate the findings to support their strategic planning needs. Lee Partners.
Every day, retailers and manufacturers are challenged to balance ambitious customer service promises with profit margin protection. In fact, the on-demand industry was estimated to account for $75 billion in 2018. [1] Supply chain technology investments were once delegated to a specific function such as procurement or logistics.
The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.
In 2018 a Forbes magazine published an article entitled “Every company is a data company” in which the authors urged all companies to use data as a core asset. IIoT refers to the usage in areas such as manufacturing plants and supply chains. Manufacturing efficiency. Growth of IIoT. Here are some. Quality control.
From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus. billion by 2018 to grow these relationships.
In 2018, Rockwell Automation won the Supply Chains to Admire Award. To decide winners, we analyze post-recession period performance of 2010-2018 by peer group. At Rockwell this includes all processes end-to-end except for manufacturing. As a B2B company, procurement management is essential.
The global shift from traditional internal combustion engine (ICE) vehicles to vehicles with electrified powertrains is underway, and it’s creating greater complexity for original equipment manufacturers (OEMs) and their supply chains. DEVELOP THE RIGHT SOURCING STRATEGY. Alliances with manufacturing specialists.
Barton’s appointment comes at a time of rapid expansion for ToolsGroup, with double-digit growth of its North American business in 2018. Barton brings over 15 years of experience leading high-growth SaaS solution teams in the supply chain, procurement and content management markets.
[WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Multiple manufacturers, multiple relationships, multiple distribution models, multiple contracts. Supporting an efficient digital path to purchase requires comprehensive digital collaboration. Download white paper.
AGCO is an agricultural equipment manufacturer. When a supply chain disruption occurs, it is not uncommon for complex equipment and automotive manufacturers to have different plants in their company fight each other for the same components. AGCO Logistics Team Accepts Prestigious Supply Chain Award.
In manufacturing-based companies, 70-80% of costs are in the processes of source, make and deliver. While the practices of finance are over 200 years old, in contrast, supply chain as a cross-functional practice (the combination of make, source and deliver) was recently defined in 1982. Is talent a cost or an asset? Talent Gaps.
Today, the steel manufacturing leader has an ambitious digital transformation agenda and is leveraging AIMMS technology to optimize operations in its home country. I have been with Tata Steel since the beginning of 2018. Before joining Tata, I worked with other steel manufacturing companies, like Jindal Steel.
The process brings together all the plans for the business (sales, marketing, development, manufacturing, sourcing, and financial) into one integrated set of plans.” Gartner: Keys to Solving the Top S&OP Challenges; Refreshed 29 October 2019, Published 12 June 2018. Read the full Melitta case study below. Read Case Study.
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