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The following are the insights gained from my discussion with Sunil Roy , who leads Blue Yonder’s Industrial Manufacturing Industry Strategy, during a recent Blue Yonder Live and executive customer events that we prepared for jointly. So overall, the competitiveness among the industrial manufacturers around the world has grown several bounds.
Todays large-scale manufacturing supply chains are more geographically distributed than ever. And manufacturers are facing unprecedented demand volatility. Automakers and other large-scale manufacturers are often challenged to match their traditional lean production approaches with todays complex business landscape.
Omni-channel has been firmly positioned as the new industry standard, forcing wholesale distributors and manufacturers to release the brakes and embrace digital transformation to stay relevant. Those who get it right are improving their market share by up to 10% a year.
Business continuity continues to be a risk for many retailers and manufacturers. Definition of Form and Function of Inventory: Source Supply Chain Insights. Definition of groupthink A pattern of thought characterized by self-deception, forced manufacture of consent, and conformity to group values and ethics Wikipedia.
In addition, more and more manufacturing companies will move to combine planning and execution in one solution so that supply chain disruptions can be better anticipated in the future and countermeasures can be taken in time. The trend toward the cloud is not new in the field of industrial manufacturing.
As manufacturers and retailers rush to get their products delivered to stores, consumers homes and offices, third-party drop points, micro-fulfillment centers and other destinations, shipping delays are inevitable in this complex landscape. Every shipment requires complete, accurate documentation that meets exacting specifications.
The following are the insights gained from my discussion with Sunil Roy , who leads Blue Yonder’s Industrial Manufacturing Industry Strategy, during a recent Blue Yonder Live and executive customer events that we prepared for jointly. What are the key metrics that are driving the industrial manufacturers supply chain?
Across its nearly 200 markets, HEINEKEN needs to use a common data source and planning platform, apply the same standardized processes, ensure the same analytic rigor and achieve consistent financial results. They explored how AI can improve forecasting and decision-making, reducing inventory and lead times.
The wholesale distribution and manufacturing (WD&M) landscape is entering a new era. AI-infused inventory and order management is the way forward for wholesale distributors and manufacturers hoping to bridge the supply-demand gap and meet and exceed their customers’ new B2B omni-channel expectations.
Many virtual attendees were also present, with representatives from across logistics, procurement, manufacturing, IT and sustainability not only learning from the esteemed speakers presenting, but also sharing their expertise and experiences.
In Part 1 of our series on challenges in supply chain for medical devices, we delved into these complexities and discussed solutions that can help drive these businesses to the next level, meeting company goals and serving the patients whose lives medical device manufacturers seek to improve.
Based on an increasingly omni-channel world, these systems are challenged to handle the combination of downstream demand variability, upstream supplier variability, and the risk that comes with leveraging global sourcing and supply chain strategies. Now supply chains can benefit from network effects.
In order for logistics, procurement and distribution to align with the general advancements of the industry itself, these critical areas must give in to a more comprehensive transformation. Essentially, automotive isn’t now just a manufacturing entity. It all starts with a bolder approach to planning.
The only way to manage these changes profitably is to become aware of them at the earliest opportunity, by using software to ingest and analyze real-time data from across the supply chain as well as external sources like social media, news and weather.
Some of the challenges faced by today’s medical devices manufacturers are: Diversity of Products : Large medical device manufacturers often have a diverse portfolio and hence very different supply chain structures for each of them. These regulations warrant that the product be manufactured using certified manufacturing processes.
For the past 175 years, Carlsberg has continuously reinvented itself from a marketing, innovation and product perspective, while remaining true to its core values of enriching communities while manufacturing quality drinks. Dealing with each area — planning, manufacturing, distribution, fulfilment, etc. —
Short-term visibility at the Purchase Order/ASN level is insufficient. Breaking Down Barriers Between Planning, Procurement and Logistics: The existence of isolated supply chains between procurement, planning, and logistics can lead to latency, reduced responsiveness, expedited processes, excess inventory, and substantial inefficiencies.
By the end of 2020, one-third of all manufacturing supply chains will be using analytics-driven cognitive capabilities, thus increasing cost efficiency by 10% and service performance by 5%. Manufacturers that can speed their adoption of digital capabilities in order to create business value will be the leaders of their industry.".
Legacy IT systems, which were not designed for real-time data sharing, force production, procurement and logistics to run on separate, disconnected systems. Aligned data, greater visibility and shared metrics help supply chains across retail, manufacturing and logistics eliminate silos and improve efficiency.
Automotive and industrial manufacturing plants are being shuttered around the world, which has affected not just the OEMs but also their Tier 1, Tier 2, and Tier 3 suppliers. The current share of indigenous to imported sourcing for the OEMs is approximately 40:60. What Can Organizations Do Now? Supply Chain Risk Mitigation.
Manufacturing companies, for example, need AI to highlight insights from infinite data sources. The fear that AI will take over meaningful work that people enjoy comes from watching companies implement AI without a thoughtful strategy. Like every solution, AI must have a purpose and a reason.
For decades, from hardware to electronics, textiles, food, household goods, and general merchandise; retailers have been offering lower prices on goods sourced overseas. China’s cost base, infrastructure and manufacturing expertise provides a wealth of opportunities to improve profit margins for US companies. What can retailers do?
The following are insights gained from my discussion with Shri Hariharan , who leads Blue Yonder’s Consumer Manufacturing Industry Strategy, during a recent Blue Yonder Live. Continuing with identification of alternate sources with the sourcing transformation. Integrated planning is a hot topic.
The mounting concern is that excess manufacturing is leading to increased inventory warehousing costs and is compounding the already-difficult financial situation. By identifying this trend, some responded by reducing their assortment down to only two types of toilet paper being sourced from a single supplier. Replenishment.
Technology is disrupting the manufacturing industry, and with any type of change, comes opportunity. ChainLink Research recently released two reports about how digital technology is affecting today’s manufacturers. The first report, Digital Displacement , explores how these digital advancements are impacting manufacturers’ products.
Manufacturing and Supply Chain; Dinesh Vyas, Director of Supply Chain Solutions at Dole; and Felice Miller, Business Strategy Leader of Retail and Consumer Goods at Microsoft. But, as demonstrated in the IDC infographic, CPG companies often feel the effects of disruption to a greater extent than other manufacturers.
Retailers, manufacturers and logistics providers are facing pressure from both the supply and demand sides of their businesses. As a Representative Vendor in the latest Gartner ® Market Guide for Distributed Order Management Systems, Blue Yonder is excited to be recognized for our Distributed Order Management system.
Blue Yonder customers’ logistics and supply chain operations across the manufacturing, retail, and logistics service provider (LSP) industries are undergoing significant changes. Source: IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market.
One of the greatest benefits of today’s advanced digital solutions is their ability to ingest enormous volumes of data from across the supply chain — as well as from external sources — and apply those insights to course-correct the entire network as conditions change.
This blog is based on an article that recently ran in the Journal of Supply Chain Management, Logistics & Procurement, “ Supply chain agility: An imperative in an unpredictable world.”. The COVID-19 pandemic has only confirmed what we already knew: modern supply chains must be built on a foundation of extreme agility and responsiveness.
ICON 2023 is Blue Yonder’s annual customer conference and premier supply chain event, where practitioners and decision-makers exchange insights about their transformation journeys If you are in the manufacturing field, why should you attend this year’s event? Terence: Why should manufacturing companies attend ICON?
But these measures are not sufficient to replace China, the world´s manufacturing powerhouse or the purchasing power of the world’s biggest economy. By using AI and ML, companies can better model and predict demand and fine tune their inventory from procurement to transport to warehouse to routing supplies to locations ahead of demand.
In Part I of our conversation with Gordon, he discuss the key markets shifts that are increasing complexity in the supply chain – and that retailers and manufacturers must address in 2014. We have many more data sources, and of course we have some longer lead times and shorter windows. SCN: Thank you, Gordon.
Smart factories, smart warehouses and smart transportation are becoming a reality as manufacturers invest in technologies such as artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), robotics and more. Source: JDA Intelligent Manufacturing Survey. Source: JDA Intelligent Manufacturing Survey.
Leveraging advanced technology and best practices, we’re making it possible for our customers to fulfill purchases instantly, manufacture just-in-time, and adjust supply in response to global events – faster and at scale.
It’s been two centuries since the Industrial Revolution transformed manufacturing, introducing machines that automated production and unlocked unprecedented efficiencies. But in the last decade, the industrial manufacturing sector has encountered a new wave of challenges and disruptions.
In this final post in the series, he addresses the shift away from out-sourcing to vertical integration. SCN: Manufacturers report a strong trend toward greater vertical integration vs. out-sourcing production. O’Marah: Yes, it is a reversal of the trend to out-source to lower cost countries. or at least Mexico.
The 2023 FMI Supply Chain Forum brings together professionals from various sectors, including retail, consumer packaged goods (CPG), manufacturing, and third-party logistics, to discuss the pressing issues and opportunities in the food industry. Households have spent their savings, and questions loom about future fuel sources.
The multi-billion-dollar global industry associated to this one day of the year retailers/manufacturers need to deliver on their customer promise. With that promise, comes challenges both to the retailers and manufacturers (and particularly at this time of year, flower growers). The challenge to get things right is a tough one.
In this Part 2 blog post, we will continue to explore how automotive manufacturers are carrying out effective supply chain initiatives and their innovative solutions. The visibility will include not just the short-term purchase order or ASN-level visibility, but also the tactical kind of forecast collaboration with the suppliers.
Businesses will now be able to use an end-to-end, multi-tier, multi-enterprise network ecosystem and single source of truth to orchestrate and collaborate across both internal units and external trading partners, all the way from raw materials to the store shelf or customer delivery.
Can we get the supplies from an alternate source? And then in the tactical short-term horizon, how they get better visibility so that if a shipment is delayed, the sooner they know, the more options they have to look at as alternate sources or to expedite freight. Can we expedite? Can we use premium freight?
In an increasingly challenging commerce space where order management capabilities form the backbone of a retailer’s fulfillment infrastructure, retailers, distributors, 3PL’s, and manufacturers are challenged by monolithic, legacy technology that no longer fits their needs.
Now all major ports in the United States are currently experiencing unprecedented congestion and labor shortages, leading to product stockouts and inflation — as well as significant supply chain challenges for retailers, manufacturers and logistics providers. While some critical U.S.
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