Technology | SupplyChainBrain

Technology: Page 634

Four Key Elements of an IoT Strategy for Manufacturers

Analyst Insight: When people talk about the Internet of Things, they can mean many different things, even within one industry. For a manufacturer, there are four major areas where IoT may have an impact: the manufacturing plant, the supply chain, service and the product. – Bill McBeath, chief research officer, ChainLink Research

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Optimizing Digital Operations for 'Smart' Supply Chain

Analyst Insight: Variously called Industry 4.0, the Industrial Internet, or simply digitization, the emergence of machine-to-machine interactions, human-to-machine interactions, robust data and analytics capabilities, and cheaper, more ubiquitous sensors is pushing the Internet of Things (IoT) into the core operations of more and more companies. Among the business operations especially ripe for transformation by digital and IoT capabilities is the "smart" supply chain. – Eduardo Alvarez, Principal, PwC, and Rodger Howell, Principal, PwC

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Data Is the Biggest Challenge for Predictive Analytics

Analyst Insight: The number one challenge to making predictive and prescriptive analytics succeed is data cleanliness and completeness. Until that is solved, predictive analytics programs will struggle to provide value. The problem is made more acute by the amount of new data coming online each year. – Bill McBeath, Chief Research Officer, ChainLink Research

Supply Chains Need to Grow. Will They Find the Cash to Do It?

These are unsettling times for global business leaders. And nothing makes them more nervous than the issue of access to working capital and liquidity for growth.

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Container Shipping Gets Boost in Demand, Earnings

The latest Container Shipping Forecaster from Maritime Strategies International reports that almost two months into 2017, the liner sector is finding itself in positive territory. Each of the industry's drivers - demand, supply and earnings - have started the year in healthy shape and MSI expects the sector to move into the next quarter with a reinforcement of this encouraging trend.

Freightos Launches 'FIFI' Aggregated Shipping Rates Index

For those interested in finding a snapshot of global freight pricing from week to week: Meet FIFI. Online freight marketplace Freightos has launched its Freightos International Freight Index (FIFI), a database of more than 250 million price points updated weekly, covering container pricing, price ranges on key lanes, historical pricing and volatility, and the ability to instantly estimate pricing on specific routes.

The Internet of Things Opens New Supply Chain Opportunities

Analyst Insight: The Internet of Things (IoT) is the topic du jour. Some estimates predict that in 2020 there will be close to 50 billion connected devices. What will all these connections mean for supply chains? First and foremost, it will shine light on what was once dark in supply chains. However, the true excitement for IoT lies in the new business processes that could emerge from these newfound insights. – Guy F. Courtin, Vice President, Industry and Solutions, GT Nexus

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Improving Operations and Profitability With Cross-Functional Analytics

Analyst Insight: In today's rapidly changing technology and business environments, companies need agility and preparedness to make swift, profit-enhancing strategic and operational decisions. One powerful way to facilitate this is by using finance and risk analytics in the supply chain. Today few companies have enterprise-wide, cross-functional analytical capabilities, but leaders across most industries are developing their understanding of these valuable analytics. They realize they possess a tremendous amount of untapped data and they want to leverage the data with better analytics to optimize the supply chain and contribute more meaningfully to the business discussion. – Bob Bishop, Principal, PwC; Glen Goldbach, Principal, PwC; and Corey Gallon, Director, PwC

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Supply Chain Digitization Inches Toward the Mainstream, Research Shows

Business transformations that leverage digital technologies may sit atop most CIOs' priority lists, but the reality is that digitization is far from mainstream. Industries remain less than 40 percent digitized on average, according to research McKinsey & Co. released earlier this month.

'The Perfect Order': Why It's So Hard to Achieve

Companies today need to cut costs, speed up fulfillment processes and manage growth. All the while providing "the perfect order."

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FLEXcon Takes On Digital Revolution With Automation, Workforce Changes

FLEXcon was founded in 1956 when Myles McDonough saw an unmet need. "My father was an adhesive salesperson with a chemistry background, helping customers throughout New England learn how to run and where to use newly developed acrylic based adhesives," notes his son, Neil. "He noticed that his customers frequently turned down small orders. If the order was for less than 3,000 yards, then it was not worth setting up the adhesive coating machine. He believed, and subsequently proved, that there was a good business in small custom orders, if you organized yourself effectively and priced the order appropriately."

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