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Using an ERP system to provide data for decision-making in manufacturing

SYSPRO Smarter ERP

Manufacturers increasingly turning to data and analytics, from an ERP system, to support business initiatives. Data is after all the fuel that runs the Fourth Industrial Revolution. Challenges to using data. Many manufacturers are data-rich but when it comes to using it they are insight-poor.

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How Many Warehouses Does the US Have? Nobody Knows

Logistics Viewpoints

The US Energy Information Administration, within the DOE, does periodic surveys to understand the total energy consumption and consumption across different types of buildings. Their last survey was in 2018. The previous survey had been in 2012, and the compound annual growth rate in the number of warehouses over that time was 4.0%.

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Industry 4.0: Building the right skills to meet the factory of the future

SYSPRO Smarter ERP

Of course, robotics does not tell the full story, as the world of manufacturing has evolved even further over the last few decades, with the rise of data and smart, autonomous systems. According to Indeed.com , that broad skills set should include digital fluency, big data analytics and even knowledge around technologies such as ERP.

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AI in manufacturing

SYSPRO Smarter ERP

A 2023 survey by McKinsey reported that 79 percent of all respondents had at least some exposure to gen AI, either for work or outside of work. Machine learning (ML): Using algorithms and data to detect patterns without being explicitly programmed to do so automatically. ML models learn from data.

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Exiger Has Taken the Supply Chain Risk Market by Storm

Logistics Viewpoints

These solutions use natural language processing, for example, to read online publications and other data sources, make sense of what they read, contextualize the data into information, and report supply chain disruptions caused by weather, geopolitical events and other hazards in near real-time. First, it is done through surveys.

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The Top Floor to Shop Floor Production Planning Handoff is Hard

Logistics Viewpoints

In a survey of 54 senior executives, only about one in four believed that the processes of their companies balanced cross-functional trade-offs effectively or facilitated decision making to help the P&L (profit and loss) of the full business.” Your inventory levels in the factory are right, your routings are accurate.

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US Manufacturing Caps Best Year Since '04: ISM

Material Handling and Logistics

Manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said on January 3. The group’s factory index climbed to 59.7 Factory inventories index showed a third straight month of contraction.