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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

The coming months are going to be a real test of the shipping industry in terms of how it can manage capacity and coordinate to meet the needs of customers. Chinese factories are facing challenges of meeting excessive orders that are way beyond their current capacity. The trans-Pacific eastbound space is now sold out because of this.

Analysis 105
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A True Supply Chain Transformation Requires the Proper Talent

Logistics Viewpoints

Belcorp, like most companies in their industry, has quite a complex supply chain. 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. What factory should make a new product?

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Top Takeaways from Coupa Inspire

Logistics Viewpoints

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The supply chain design solution, for example, continues to grow in depth and usability. Building a new factory or warehouse takes time and is capital intensive.

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How VR, 3D Printing & Predictive Analytics in the IOT are Currently Powering the Manufacturing Industry

GlobalTranz

According to Sundeep Sunghavi, the use of predictive analytics will save approximately $630 billion in the manufacturing industry over the next 15 years. In manufacturing, this means engineers, repair workers and factory employees will be able to use augmented reality to complete tasks faster than ever before. billion by 2021.