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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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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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Celanese Leads the Pack When it Comes to Agentic AI

Logistics Viewpoints

According to a survey by ARC Advisory Group, only 10% of industrial companies are ready to apply artificial intelligence/machine learning. Maximizing factory throughput is critical. We needed to model the data in a way that we can do simple searching. This ends in a spaghetti approach to data integration.

Packing 73
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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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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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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.

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Analytics in Supply Chain Management Becomes Central As Coronavirus Escalates

IoT World Today

Bouncing back more quickly, said experts, will require supply chain managers to turn to new ways of managing the supply chain, including using Internet of Things (IoT) data, analytics and machine learning (ML). An AI system needs to be fed data sets to learn how to behave and react.