Remove Columbus Remove Inventory Remove Manufacturing Procurement
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5 Future Applications of the Industrial Internet of Things in Manufacturing & Logistics

GlobalTranz

Manufacturers are set to invest up to $70 billion in the Industrial Internet of Things ( IIoT ) by 2020, reports John Greenough of Business Insider. Previous Applications of the Industrial Internet of Things in Manufacturing. Previous applications of the IIoT in manufacturing have led to a savings of 12 percent across the industry.

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Digital Transformation Helps with Corporate Alignment

Enterra Insights

For example, manufacturing may be tasked to fill all orders which requires having inventory on-hand in distribution centers. However, distribution centers may be given the conflicting task of minimizing excess inventory space and cost. An objective function scores an outcome’s utility so the best outcome can be chosen.

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Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

A North American-based survey of nearly 200 supply chain professionals from top CPG, distribution/wholesale, food and beverage, manufacturing, and retail companies found that 58% of respondents are still in the exploring or evaluating phases of digital transformation.

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Artificial Intelligence and Omnichannel Operations

Enterra Insights

. “Market basket analysis is a standard technique used by merchandisers to figure out which groups, or baskets, or products customers are more likely to purchase together. Path to Purchase. “Analyzing how a customer came to make a purchase, or the path to purchase, is another way big data tech is making a mark in retail.

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Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

The 2019 MHI Annual Industry Report polled more than 1,000 industry leaders, with most hailing from manufacturing and supply chain industries. Myers adds, “Retailers and distributors can prepare months in advance to help their suppliers plan to inventory and shipments based on customer demand and buying behavior.”

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The Internet of Things and the Supply Chain: Serious or Just Flirting?

Enterra Insights

She writes, “Sustainability, ethical sourcing, corporate responsibility, brand safety and product integrity are vast, complex, down-the-rabbit hole [supply chain] concerns. ” Louis Columbus ( @LouisColumbus ), a Principal at IQMS, believes another technology, blockchain, will make the IoT/supply chain even stronger.

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New Panama Canal Options: Running the Numbers with a TMS

TMC

Modern TMS solutions are designed to help shippers make such trade-offs, with analytics platforms that take data from multiple sources and present the shipper with a single access point for calculating total landed cost. The preferred amount of inventory held on ships and trucks depends on constraints such as the value of the cargo.

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