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Think Tank
Industrial Manufacturing: Page 151
Demand Planning: Optimizing the Profession in Face of Greater Pressures
Many players have input to the forecasting process, but it is the demand planner who bears the brunt of criticism if a forecast is not quite accurate.
Checkpoint Unveils Inventory-Control Systems for Retailers, Manufacturers
Checkpoint Systems Inc., a supplier of merchandise availability systems for the retail industry, has developed two new products for distribution centers.
CPG Companies Without Digital-Specific Strategies 'Face Stagnation and Share Loss'
Today's consumer packaged goods companies are facing a winner-take-all world in which about half the sales growth - more in certain categories and markets - is coming from digital channels. Companies have to earn their online market positions with new approaches and skills tailored to digital sales, says a report released by The Boston Consulting Group and the Grocery Manufacturers Association.
Apex Introduces Automated Lockers for Handheld Electronics
Apex Supply Chain Technologies has introduced the Axcess 6100 series of automated locker systems for the management of handheld electronics devices.
Elemica Debuts Mobile App for Shipment Visibility
Elemica, provider of a supply-chain operating network for the process industries, has introduced Elemica Track.
Freight Audit and Payment Saves Auto Manufacturer More Than $1 Million
Challenge: A large auto manufacturer struggled with cumbersome, manual paper freight audit and payment processing. As their business grew, their existing internal processes could not keep up.
Find Interest Rate Time Bombs in Your Purchasing Policies
After years of historically low interest rates, the Federal Reserve has started to execute on its strategy to raise rates. As a result, procurement teams will need to scrub their policies and plans to find interest rate sensitivities in a way they haven't in almost a decade.
RFID Propels the Retail Sector Forward
Analyst Insight: With the consumer's hands firmly placed on the steering wheel, omnichannel retailing is driving the retail industry forward with record-breaking speed. Item-level RFID is fueling the journey by providing retailers with real-time inventory visibility, rich data insights, and a means for better trading partner collaboration - allowing for more efficient supply chain operations and ultimately, an enhanced customer experience. - Melanie Nuce, Vice President of Apparel and General Merchandise, GS1 US
Omnichannel Is Not Just for Retailers
Analyst Insight: Global, web, mobile, catalogs and trunk shows are only a few of the channels by which we sell and buy today. Retailers are investing billions of dollars to upgrade their tech infrastructure as well as their fulfillment processes to respond to customers as well as threatening and clever competitors’ moves. But omnichannel is not just for retailers. - Ann Grackin, CEO, ChainLink Research
Selecting the Right Automation for Your Life Sciences Business
Analyst Insight: Labor costs are rising just as the availability of workers is shrinking and turnover is increasing. According to the Census Bureau, 60 million Baby Boomers will exit the workforce by 2025, but only 40 million new workers will enter. Companies must rethink how they bridge that gap and keep costs in-line. Many life sciences companies are reaching a scale where investments in automation help replace manual, labor-intensive operations. But companies must be careful in evaluating automation investments. - Roger Counihan, Life Sciences Industry Leader, Fortna Inc.
Manufacturing, Healthcare to Drive Global Spending on Robotics to $135Bn in 2019, Study Says
In the latest Worldwide Commercial Robotics Spending Guide, International Data Corp. forecasts global spending on robotics and related services to grow at a compound annual growth rate of 17 percent from more than $71bn in 2015 to $135.4bn in 2019. The guide measures purchases of robotic systems, system hardware, software, robotics-related services, and after-market robotics hardware on a regional level across 13 key industries and 52 use cases.
Managing Knowledge to Achieve Zero Product Failures
Analyst Insight: Manufacturers are under greater pressure to improve product reliability and reduce cost-of-quality non-conformance, while increasing product functionality. This can be done through increased use of software, mechatronic systems, new materials and manufacturing technologies. Still, more pressures await, as manufacturers struggle to reduce a product’s time-to-market, all while keeping capital investment low. Doing more with less requires manufacturers to reduce the time from detecting a product issue to correcting it, known as detection to correction (D2C). - Kevin Reale, Senior Manager, Advisory, Ernst & Young LLP
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