Supply chain visibility and diversification have become top priorities for manufacturers, retailers and logistic providers. Today, they are faced with challenges they never expected, but - luckily - they are using new technologies to solve them.
Forward, Toward a New Normal - A transitional playbook for resuming manufacturing operations in the [hopefully soon to be post] Covid-19 Era
As companies and their workforces emerge from their forced coronavirus hiatus, a clear picture of a "new normal" for the manufacturing business and its employees remains elusive, with only hazy possibilities and vague pathways forward.
Getting everything you can out of your technology and processes has never been more critical. In supply chain management and logistics, there is a new way to streamline your operations.
Procurement Technology - What it Can and Cannot Replace in a Manufacturer's Journey Towards Supply Chain Resilience and Agility
This article reviews the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis.
To truly maximize IIoT, manufacturers need a single solution that supports scalable-IIoT deployments and creates a collaborative environment that's data-driven and provides transparency across the entire production process.
Put simply, vertical integration is a strategic structure which means that a company owns the supply chain for its products or services. Fundamentally, this is considered to be important as it implies a certain and robust degree of control over operations.
A look at manufacturing and the COVID-19 pandemic shows the comparison to WWII is an apt one. From victory gardens to discussions of shared sacrifice to ramping up production of critical supplies, the parallels between the health crisis and WWII are hard to ignore.
For example, in many organizations, different business units buy similar products from multiple suppliers instead of buying everything from one supplier and benefiting from economies of scale. Procurement can see that, but the rest of the organization can't.
Within the realm of manufacturing, one thing is abundantly clear: supply chains are intrinsically tied and vulnerable to just about everything in our world today.
Companies will need to quickly find ways to sustain their business, mitigate all supply chain risks, and be more flexible to the new environment. These requirements will drive a need for greater visibility and control over operations.
Now, with concerns over China's handling of the virus, rising labor costs across the developing world and apprehension about geographically concentrated supply chains, companies are placing bets on the next hotspot for affordable manufacturing services.
Whether it is because they are switching production from clothing to personal protective equipment (PPE) or because their regular suppliers are suddenly unavailable, many procurement teams are now searching for new suppliers under significant time pressure.
The COVID-19 outbreak has highlighted the vulnerability of the complex global manufacturing supply chains. To make matters worse, the CNC industry heavily relies on on-time deliveries.
When attached to shipment containers, the IoT affords manufacturers insight into what's happening at each point of the supply chain, thereby assuring their products reach their destinations in a safe and timely manner.
If you're in manufacturing, or if you oversee any part of a consumer goods or e-commerce supply chain, you know how many moving pieces there are in fulfillment.
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CIMON-XPANEL is a Windows CE based HMI unit. A combination of software and hardware, suitable for various monitoring needs within industrial sites.