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The smart factory Part 1: Digitization, digitalization and digital

SYSPRO Smarter ERP

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.

Digital 133
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How manufacturers can enable innovation on the factory floor

SYSPRO Smarter ERP

A simple example of this would entail considering inventory and stock on hand (internal data) along with changes in weather patterns due to climate change (external data), and how both factors affect a factory’s ability to deliver on its orders. Increased safety and less on the job injuries in the warehouse and on the factory floor.

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Global Logistics Market Analysis: 2022 Summer Edition

MTS Logistics

The new problems stem from the recent port lockdowns, factory closures in Asia, a slow down in production, and mixed signals on U.S. For example, recently Target was forced to write down the value of excess inventory that’s stuck in warehouses. consumer demand despite increasing inflation. Furthermore, T.J. Let’s not forget U.S.

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Analysis on 2021 Container Shipping Delays

ShipLilly

Chinese factories are facing challenges of meeting excessive orders that are way beyond their current capacity. The impact of the Chinese New Year when factories shutdown has also created an additional backlog. Take for example the increased emphasis on the purchase of household goods via e-Commerce platforms.

Analysis 105
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Where the Next Conflict Could Be and How It Could Affect Your Shipments

MTS Logistics

One major example is semiconductors. Per their analysis for the last 15 years, the risk level went up from 2.0 It’s worth even checking where/how companies’ main factories are doing sourcing from and de-risking sourcing by switching (if possible) to areas where threat levels are much lower.

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A True Supply Chain Transformation Requires the Proper Talent

Logistics Viewpoints

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 example, go to the Walmart, turn right, and it is the third house on the left. What factory should make a new product?

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Global Trade Networks: A New Norm in Disruption

MTS Logistics

For example, we are currently facing issues in the Red Sea that disrupt trade in amounts to what would be close to 15%. That could mean a factory in Germany that sells goods to the U.S. Either example would not be good for any of the players. Whatever comes our way, we can surely adapt to. timing is of the essence.