Remove Manufacturing Procurement Remove Metrics Remove New Zealand
article thumbnail

The Manufacturers Health Check: Firms Holding Double the Stock Amidst ‘Inventory Crisis’

Unleashed

New manufacturing data has revealed which industries and nations are leading the way in the post-pandemic economic recovery – and the tactics they’re using to beat supply chain disruption. The average price paid for goods purchased. Fulfilment days – the period between receiving and fulfilling an order. days on average.

article thumbnail

The Unleashed Manufacturing Health Index: Signs of Recovery as 2023 Closes

Unleashed

New manufacturing data reveals the small to medium manufacturing sector remains in recovery mode, with global performance largely mapping to local economic conditions. New Zealand manufacturing, meanwhile, is at an historic inflection point, with stagnant performance in multiple sectors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is Reinforcement Learning the Future of Artificial Intelligence?

Enterra Insights

For the 2021 edition of the America’s Cup, reigning champion Emirates Team New Zealand ventured that reinforcement learning, an advanced AI technique, could optimize its design process. ”[5]. This makes reinforcement learning ideal for the automation of processes or for managing dense, data-generating business processes.”

article thumbnail

Is it time to take your supply chain glocal?

Kinaxis

As defined by the source of all knowledge, Wikipedia, “glocalization is the adaptation of globally marketed products and services to local markets.” Their regional menus offer things like the Chicken Maharaja Mac in India, the Croque McDo in Belgium and the KiwiBurger in New Zealand.

article thumbnail

Mass Customisation: What It Is and How Companies Are Using It

Unleashed

Learn more: The Ultimate Manufacturing Guide: SME Manufacturing Explained What is mass customisation? It’s a manufacturing process for customising goods at scale while keeping unit costs low – a middle ground between standardisation and personalisation. Mass customisation does what it says on the tin.

article thumbnail

The Circular Supply Chain Explained + 13 Realistic Strategies

Unleashed

With material costs rising and the drive towards sustainable practices in full swing, the circular supply chain has become an attractive way for manufacturers and sellers to manage their supply chains in a more environmentally friendly way – and save costs in the long term. So how do you close the loop on your supply chain?

article thumbnail

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

In its simplest form, fourth-party logistics is a model in which manufacturers hand over the entirety of the organisation and oversight of their supply chain to a 4PL provider. the digitisation of manufacturing. This outsourcing allows the company to focus on its core manufacturing business and higher-value projects.