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Companies leaning heavily on global sourcing? manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. Consequently, when shortages emerged, they had already secured alternative sources, thereby averting a significant disruption to production. For example, U.S.-based
Our first webinar with Oliver Wight discussed common people, process and technology pitfalls that hinder IBP initiatives. Our second webinar delved deeper into the technology aspect, focusing on analytical capabilities and scenario modeling. Those that also leverage scenarios in IBP are even better prepared.”
However if your company needs to reduce manufacturing lead times, streamline inventories, boost efficiency, make the right promises to your customers, and all of this at the same time, you need to challenge this status quo. “My I want to be Lean – Lean manufacturing is not about software solutions”.
Editor’s Note: We love talking about and reporting on technology which effects and also makes the lives’ of manufacturing companies much better. We’ve been providing manufacturing companies and shippers with a web-based transportation management system since 1998, before web-based TMS was as prolific as it is today.
Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker
Now, as a variety of disruptive events cause supply chain challenges, companies are contemplating bold moves to keep business moving, including moving sourcing and manufacturing closer to home markets and maintaining a larger reserve stock to help manage the fluctuations in supply and demand.
Another use case we see for scenario modeling in the current context is evaluating new sourcing locations. A recent Thomas survey found that 64% of manufacturing companies are likely to “bring production and sourcing back to North America” in view of COVID-19. Evaluating Potential for Reshoring . Stay tuned! .
COVID-19 has disrupted manufacturing operations worldwide. The automotive industry was shut down and many other manufacturing sectors have been severely impacted. The food and beverage industry is no exception as manufacturers have been impacted in a number of areas. Food & Beverage Manufacturing Restart and Continuity Plan.
COVID-19 has disrupted manufacturing operations worldwide. The automotive industry was shut down and many other manufacturing sectors have been severely impacted. The food and beverage industry is no exception as manufacturers have been impacted in a number of areas. Food & Beverage Manufacturing Restart and Continuity Plan.
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.
Top players in industries such as electric vehicle manufacturing as well as drug and healthcare laboratories have already experienced great success; yet uptake of virtual twin technology remains slow, with an adoption rate of only 10% globally (Source: The critical role of virtual twins in accelerating sustainability ).
Watch our on-demand, 4-part series on how to be an Adaptive Manufacturing Enterprise with Bart Reitter, VP Life Sciences at QAD, Inc., Life science manufacturers need a r esource, quality and supplier management solution for the journey from pre-approval to IPO. Click below to watch a replay of this webinar. .
Manufacturing Sectors Client Alert Foreign adversaries are increasingly threatening vital domestic industries through current and potential future restrictions on critical mineral exports. Background Nickel and titanium are critical to the aerospace manufacturing sector. contractors in the aerospace manufacturing sector.
Discover capability gaps and create sourcing events Seek and discover what capabilities the organization may be lacking, such as vulnerabilities or inefficiencies in transportation or supplier capacity. By identifying these gaps, you can create sourcing events to close them. <br>- Organize sourcing events to address gaps.
By maximizing resource utilization and implementing careful procurement management, the government can source the best goods and services at the most competitive prices. However, implementing category strategies for successful sourcing and supplier management can be challenging without the right tools.
Source: [link]. With the right solution and strategy, food manufacturers have the potential to create a major impact in reducing the scale of our global food waste crisis. The first step requires food manufacturers to embrace two concepts: supply chain transparency and the circular economy. Enable Sustainability with DELMIA.
As I picked it up , I saw a twitter alert welcoming people to the APICS webinar with @lcecere on Agility that afternoon. As we went live with the webinar, I laughed. In this blog post, I publically answer the questions from the webinar. In the supply chain, variability and volatility come from many sources.
About Alexis Mizell-Pleasant Alexis Mizell-Pleasant is Managing Editor at Food Logistics and Supply & Demand Chain Executive magazines where she is responsible for writing, editing, managing the awards programs, overseeing social media, moderating webinars, managing client relationships and more.
We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. In our monthly webinar last Wednesday, I presented these results.
Management practices such as lean manufacturing and just-in-time inventory management, along with globalization, have made tremendous impact on cost and service, but have accentuated risk. Lean manufacturing also focused on managing these operational risks, especially within the four walls of the enterprise. are most exposed to risk?
With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. Digital Twin Applications For instance, say you’re a manufacturer or distributor. Are you a manufacturer wondering how best to leverage real-time data to elevate your business performance?
No network crosses over the source, make, deliver processes. In addition, Nulogy does an excellent job of managing outsourced manufacturing for consumer products, but not bi-directional sourcing or logistics flows. Webinar Next Week. Today, onboarding takes three-to-six weeks, and each network does it differently.
In addition to dealing with a forever multiplying list of SKUs driven by market demand, the trend toward engaging contract manufacturers continues to grow, and an ever-expanding list of commerce channels is making supply chain management more challenging by the hour. A fresh set of supply chain strategies are need, the quicker the better.
By fostering collaboration across all stakeholders, including suppliers, manufacturers, and logistics providers, companies can enhance visibility, streamline processes, and proactively address disruptions. Make to Order: Here, products are manufactured based on specific customer orders.
A survey conducted earlier this year by IDC Manufacturing Insights across Asia Pacific manufacturers found that organisations are currently focusing ESG efforts related to environmental sustainability on the following (1) : Energy efficiency requirements of products and operations. Reduction in waste and driving cost efficiencies.
Manufacturing is designed and planned in isolation. Comprehensive view of source, make and deliver. Most often the focus is on transportation or logistics, but does not take into consideration the trade-offs between make, source and deliver. Focus is on make, source and deliver together. Manufacturing.
Due to travel restrictions, I cannot attend many industry events, so I observe from home, watching webinars and remote broadcasts. One of my insights from doing the industry analysis for the Supply Chains to Admire each year is that smaller and less well-known companies outperform larger and better-known manufacturers.
The team was organized around the functional silos of source, make and deliver. Proudly, I had led my division to have the lowest manufacturing costs with the highest Return on Assets. It is one of the primary reasons why nine out of ten manufacturing companies are stuck at the intersection of operati ng margins and inventory turns.”
Source Merriam-Webster Dictionary. We will show how the adoption of these practices have improved market capitalization in our webinar on April 25 th. Cloud-based analytics for sourcing and the management of supplier networks are evolving and should be embraced. The acronyms keep coming…. The cadence does not stop.
The PCA factory that manufactured the peanut butter was certified as safe by the American Institute of Baking (AIB). Walmart has worked hard on ethical sourcing. It was an order being manufactured by a supplier of Walmart. The factory had recently passed an ethical sourcing audit. The recalls permeated the food industry.
This is the first post in a two part series on the “Changing Face of Manufacturing.” ” We have many manufacturing shipper customers, and we love to create content of value for them on such subjects as best practices in logistics or trends around the supply chain. Drop in the price of crude oil.
This global, Tier 1 manufacturer is headquartered in Stockholm and had revenues of over $8 billion last year. Risk management solutions scrape data from hundreds of thousands of online & social-media sites, but Autoliv also has access to sources of information that they pay for. The implementation was not trivial.
Through the acquisition of IQMS , we extended the 3D EXPERIENCE platform to small and midsized manufacturing companies seeking to digitally transform their business operations. We shared a lot of their stories this year: including IMC Toys , Spark Racing Technology and the European Spallation Source (ESS) to mention just a few.
It will be launched during a webinar on April 25, 2013 and through a series of reports that will run in our May newsletter and throughout the summer. They will be digitally shared through Amazon, iTunes and other sources. If you are interested please register for the webinar. This month we are also completing three studies.
The advancements in 3D printing and 'Additive Manufacturing,' coupled with supply chain efficiencies, could make distributed manufacturing a reality, ushering in the era of smart manufacturing. The Continual Coverage and Now Reality of Smart Manufacturing with 3D Printing.
Its a very dynamic environment, says Jason Clark, Exigers SVP for Manufacturing and Energy, in the webinar Preparing for Tariffs: Steps to Take Now. based manufacturer may purchase components from a domestic supplier, believing theyre shielded from tariffs. For instance, a U.S.-based
We finished our report on the maturation of hospital supply chains , and I have put the finishing touches on the Healthcare Supply Chain Index for this Thursday’s webinar. Medical Device Manufacturer. The focus has been on sourcing and managed costs. For more on healthcare, check out our recent webinar.
This enhanced consumer focus, further guarantees that manufacturers will want to not only conform to industry standards in sustainable and ethical practices, but to go beyond the legislative minimum—to differentiate themselves and garner consumer support and loyalty. Plan Better with DELMIA.
With the evolution of open source technologies with schema-on-read capabilities, new forms of decision support are evolving to drive insights in the enterprise, and Blockchain is becoming the system of record for B2B. Digital Manufacturing. Join us this month to learn about the redefinition of analytics on our monthly webinar series.
What makes or breaks a new technology in manufacturing? Mostly, manufacturers demand technologies that can boost their output without causing an additional strain on resources, and the final five technologies changing manufacturing in 2016 did just that. In other words, some manufacturers continue to resist the trend.
Here’s how packaging manufacturing has evolved during the pandemic. The level of complexity in packaging manufacturing has increased rapidly, and in order to manage it, so has the wider use of digital technology. The push for sustainability continues in all manufacturing sectors and the impact on the packaging industry could be huge.
Our first webinar with Oliver Wight discussed common people, process and technology pitfalls that hinder IBP initiatives. Our second webinar delved deeper into the technology aspect, focusing on analytical capabilities and scenario modeling. Those that also leverage scenarios in IBP are even better prepared.”
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.
There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Price fluctuations and sourcing issues. Trade disputes and tariffs.
Newer technologies have created entirely new methodologies for improving manufacturing, and the outlook is brighter than ever. So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. VR tends to replace the entire image.
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