This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The digital transformation of the operations and processes of factories and supply chains is based upon digitization of carefully selected machines and digitalization of the related business processes. So here goes – read on for a greater understanding of these concepts and the role they play in your journey to a smart factory.
This means making factories smarter for the future. However, many manufacturers and distributors don’t know where to start and how to structure their approach to embark on the journey to digital transformation. What is the smart factory? How to create a smart factory. It’s important to first to set objectives.
Image Source: EcoMatcher How to Calculate Your Carbon Footprint If you’re serious about sustainability, you should start by calculating your carbon footprint. Measuring your output will enable you to develop strategies toward reducing your output, and show your customers the progress you’re making.
Re-shoring or near-shoring factories, “just-in-case” inventories, and qualifying alternative suppliers are among the most common ways that companies are building resilience. However, these strategies come with tremendous complexity and a heavy price tag.
By integrating data from different sources, logistics managers can make more informed decisions about when and how to fulfill orders. Manufacturing : A smart factory relies on IT-OT integration. By integrating data from different sources, logistics managers can make more informed decisions about when and how to fulfill orders.
Getting Through Chinese New Year: Strategies for Importers Chinese New Year is one of the most celebrated holidays in the world, but for importers, its also one of the most challenging times of the year. Heres what you need to know about the next few weeks and how to prepare for the future. ports ahead of schedule.
Industries are facing the need to plan new strategies and invest more in technology to gain a stronger foothold. A B2B e-commerce strategy is therefore becoming increasingly necessary for manufacturing businesses that want to better sell their products or procure the necessary components for manufacturing them.
Here’s an easy way to think about the regular and potential future disruptions that could impact your ocean shipping strategy, and what you can do to prepare for what comes next. At these times of the year, you should see less risk to your standard ocean shipping strategy. Yellow: Space is getting tighter. Golden Week. Golden Week.
However, with this year’s volatility, I was also given a front-row seat to a new level of hyper collaboration – including individuals going out of their way to help each other, more strategy sessions between shippers and forwarders, and continually leaning into historical data and current market insights to find smarter solutions.
The company operates 7 sugar cane processing factories in Brazil, in a cluster located in the northwest region of Sao Paulo state. A harmonious way of working must be established among all sectors of the company, as per the strategy adopted. Like many organizations, Tereos recognizes the use of advanced analytics as an imperative.
Editor's Note: Today's blog is from Cindy Banker with ProCorr Display and Packaging who is bringing us some great insight on how to reduce product damage. If you are a product manufacturer, you know all too well the perils of shipping products from your factory or warehouse to a DC or retailer.
in which factories are digitally transformed, manual processes are replaced with automated systems, and factories and supply chains are smarter. The digital factory. Digital factory. In a digital factory, artificial intelligence (AI), business process management and analyzing data are integrated.
In Belcorp’s case they have four factories located in Colombia, Mexico, Peru, and Ecuador. Production flexibility is limited; none of these factories can make all the company’s 1,500 products. For consumers in metro areas located close to their factories, there is a one-day lead time. What factory should make a new product?
How to Improve Forecast Accuracy for Optimal Inventory. The products are dispatched straight from the factory and typically arrive within 48 hours of raising a purchase order. How to Calculate Economic Order Quantity. How to Reduce Minimum Order Quantities. Suggested stocking strategies and policies.
To jump straight to the point, some basic strategies for handling rising transportation costs, which we’ll cover in this Playbook, are related to optimal network design and route optimization. So let’s dive in, and figure out how to do it with Log-hub’s solutions. Vehicle initiation costs have increased by 50% in year 2023.
Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. This strategy requires greater investment and inventory carrying costs but enables continued production.
Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.
The smart factory is an environment, enabled by digital technologies including AI, to monitor and control the physical processes of the factory and provide data for decision-making. How to make AI work To succeed, AI in manufacturing requires three components to work together. Then scale out to other processes.
How To Overcome Supply Chain Disruption. Your transportation consultant can help develop response strategies to ensure your supply chain continues to operate while the problem is addressed. Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic.
AM has the potential to move manufacturing from mass production in large factories with dedicated machining and tooling lines to an era of mass customization and distributed smart manufacturing. It would be interesting to watch how AM matures in the years to come because it is still in early stages. In the next few years, Industry 4.0
Whether it’s information about suppliers, procurement, inventory management, factory operations, sales or service, an integrated ERP solution has the data necessary to make decisions. It then becomes and question of how to present that information. Understand business priorities and how data can support them. Reassess strategy.
Normal operational conditions and the strategies used to manage them have gone out the window, with costly results. Establish proactive strategies that factor in supply chain disruptions and detect early signs of trouble. The post The Hidden Cost Of COVID And How To Manage appeared first on The Logistics Blog. Risk Management.
By integrating data from different sources, logistics managers can make more informed decisions about when and how to fulfill orders. Manufacturing : A smart factory relies on IT-OT integration. Learn more at InterSystems.com/DataGateway.
But to understand how to do that requires information, and therefore the question is how to get accurate data to check that the plant, and the people on the shop floor, are performing? In other words, VSM was an exercise, not part of a plan for improvement with a deployment strategy. The importance of digital manufacturing.
Every factory runs on the back of hundreds of specialized skills, some of which take a long time to master. New skills requirements in manufacturing Companies are investing in learning and on-the-job training as the most common workforce strategy to deliver business goals. If not, you should be.
Used with a Manufacturing Operations Management (MOM) system, manufacturers can digitize the factory to gain insights that will allow processes and workloads to be optimized. How to implement an IIoT project. If companies are going to succeed with IIoT products, data will have to be at the heart of company strategy.
It’s not only office workers who have been forced into remote work by the pandemic, manufacturing and distribution companies are facing a similar challenge – how to enable remote work on the shop floor and in the warehouse with ERP. A year later we asked manufacturing CFOs how their strategies had evolved.
The company operates 7 sugar cane processing factories in Brazil, in a cluster located in the northwest region of Sao Paulo state. A harmonious way of working must be established among all sectors of the company, as per the strategy adopted. Like many organizations, Tereos recognizes the use of advanced analytics as an imperative.
If asked about their work, many procurement managers will say they are ensuring orders are placed properly, that they are controlling the stock and making sure that there is stock on hand so that the factory doesn’t stop. The first stage of reimagining procurement is to look at sourcing strategies.
Manufacturers should be aware of how AI will affect them and the skills strategies they will need to create. They also need to plan how they should adapt the organisation to use AI in a responsible and well governed manner What is AI? Collaboration is still the secret sauce for creating a place where people want to work.
Learning how to work through labor shortages keeps your business competitive and your customers satisfied. . Labor shortages in factories hamper production, leading to product undersupply, backorders, and longer delivery times. Warehouse Inefficiencies . These shortages create a scarcity in the logistics market.
But if you are an online retailer based outside of the USA, you may know how stressful it could be getting ready for these two days to sell as much as you can. How your PPC campaigns and promotions should work, How you will drive traffic to your online sale site like your own shop or your Amazon channel, and.
While many business owners are aware of the negative effects of damaged goods and packages, many still struggle to understand what freight damage is, how it occurs, and how to mitigate risks. In this guide, we will give you the tools you need to better your shipping strategy.
For OEMs, blending services into manufacturing strategy will be a challenge. Manufacturers can offer a reactive service, performing repair work either in the field or in a factory, but customers usually prefer a technician to come and work on something before its breaks. The changing world of OEMs.
The Internet of Things (IoT) seems to be popping up in more conversations throughout the entire supply chain , and more businesses have turned towards IoT experts for guidance on how to take advantage of its benefits. The Internet radically changed how the world communicates. The supply chain will adore the IoT.
Because in this post, you’ll find 11 effective strategies for doing just that. Note: If you can't find a local supplier, use the large ordering strategy: Placing larger orders but less frequently to keep more inventory on hand. It is also called "manufacturer lead time" or "factory lead time.". Let's dive in! Table of Contents.
Logistics and Transportation Managers at manufacturers will have reports at their fingertips on how to continue to reduce transportation costs, a heavy portion of the expense budget, by leaning on data to continually improve. million new industrial robots will be installed in factories around the world. Forecasting Demand.
Primarily this meant increasing inventories as opposed to other strategies like nearshoring. It seems that manufacturers found it much quicker and cheaper to increase inventories than build regional factories. How to implement a Supply Chain Management solution. Not surprising as this period was the high point of the pandemic.
Let’s take a closer look at seven sins of supply chain management and how to avoid them. Delivering goods into a factory, distribution center, or retail location is a common point in the supply chain where inefficiencies can occur. In alphabetical order they are: 1. Back Order. Inbound Ignorance. Printer-friendly version.
In manufacturing, this means engineers, repair workers and factory employees will be able to use augmented reality to complete tasks faster than ever before. Essentially, workers will not have to figure out what is wrong, and they can be directed on how to complete their duties without extensive classes or degrees.
When it comes to network design optimization, you might want to run AS-IS Analysis, design a completely new network from scratch, optimize an existing network, or compare future strategies. How to use Network Design Scenario Comparison? Explore our Playbook titled “ How to Handle Rising Transportation Costs?
The adoption of digital strategies is a major feature of new strategies that manufacturers are planning. It may be difficult to decide how to spend a limited budget on new digital technology. An ERP system has the capability to process the data produced from sensor devices on the factory floor and in products.
One way to tell if a CSR programme is simply a marketing strategy is to check the length of the project. The company says the output from its investments in renewables, such as offshore wind in Germany and Britain, exceeds the energy used at its factories, offices, and stores. How to Tell the Real from the Gimmick.
At AGCO when there is an allocation of supply decision to be taken, there is just one person communicating with a particular supplier and telling them how the tight supply will be allocated among the AGCO factories. Increasingly, the role of the network planner is running scenarios to see how to deal with exceptions and disruptions.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content