Remove Factories Remove Strategy Remove Survey
article thumbnail

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

SYSPRO Smarter ERP

It goes without saying, that in order for the skills deficit to be reduced significantly, skills development needs to be central to a business digital strategy. Manager and even the Smart Factory Manager. Building the right skills to meet the factory of the future appeared first on SYSPRO Blog. The post Industry 4.0:

article thumbnail

Beware the Swinging Pendulum on Supply Chain Inventory Practices

Logistics Viewpoints

planning offers an alternative to swinging the pendulum and as the strategy that provides the supply chain resilience leaders seek. As you evaluate strategies to mitigate risk and build resilience, beware of headlines blaming JIT inventory practices and recommending a move to JIC.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What is Supply Chain Resiliency?

Logistics Viewpoints

Your transportation consultant can help develop response strategies to ensure your supply chain continues to operate while the problem is addressed. While supply chains are recovering, a recent survey found that 57% of shippers experienced longer lead times from suppliers in China. The average cost of a data breach reached $3.86

article thumbnail

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. 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.

article thumbnail

This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. A factory in Suzhou was the company’s main manufacturing site for its semiconductor test equipment, which it subcontracted to Flextronics. percent, or $24.5

article thumbnail

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

SYSPRO Smarter ERP

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. Reassess strategy. A survey of CFO s noted that among their top four priorities was ensuring greater visibility into performance and operations.

article thumbnail

ERP ROI for the manufacturing and distribution CEO

SYSPRO Smarter ERP

A 2020 SYSPRO survey showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic. ERP to drive business strategy and insights. Initiatives that will meet your ROI as a CEO will be guided by and from the factory floor data itself.