Using AI to Improve Business Performance
As business executives contend with heightened supply chain risks and inflationary pressures, artificial intelligence (AI) has emerged as a hot technology that can help to improve business performance.
Strikes and labor negotiations highlight need for resilient supply chains
Companies can mitigate the volatility caused by labor disputes by rethinking sourcing strategies, upgrading planning processes, and using advanced technology.
Manufacturing and Assembly: Automate, Create Value and Deliver Bottom-Line Results GalleryManufacturing and Assembly: Automate, Create Value and Deliver Bottom-Line Results
Better Use of ERP / Systems, ERP & Technology, In The News, Manufacturing, Media, Process Improvement, Supply Chain Technologies
Manufacturing and Assembly: Automate, Create Value and Deliver Bottom-Line Results
Given the uncertainty of the economy creating extreme push outs and pull ins with customer orders, only those companies that can successfully deal with uncertain and changing conditions can thrive. Better utilizing ERP, quoting, and CRM systems to automate planning and scheduling processes enables quicker pivots to satisfy changing customer conditions with greater stability for operations.
Medical Supply Chain Optimization: The Solution to Non-Stop Disruptions
Volatility, uncertainty, complexity, and ambiguity (VUCA) have plagued medtech’s supply chain since the pandemic. Drug shortages last year hit their highest levels in a decade, with 99% of hospital and health system pharmacists experiencing medicinal dearths, according to an American Society of Health System Pharmacists (ASHP) survey.
More Strikes & Disruptions: Prepare to Thrive: Create a Resilient Supply Chain
There has been a plethora of strikes, potential strikes and disruptions in the last few years. In fact, the threat of strikes has made its way through the supply chain.
Taking Advantage of Automation in the Supply Chain
According to the WorldMetrics.org report, 89% of manufacturers believe automation is key to increasing productivity. More importantly to increasing profitable growth, the report also finds that automation reduces manufacturing lead time by 75%.
Leveraging ERP and supply chain technologies for a diverse customer experience
Enterprise resource planning systems, CRMs and other tech such as RFID, barcoding, customer and supplier portals, blockchain, IoT, and GPS tracking all support this goal.
Manufacturing Trends: Maintaining A Competitive Edge – SelectHub
Pay alone will not suffice. In our experience, the most important priority to retaining top talent is company culture and leadership.
Automate, Digitize, and Thrive in the Supply Chain
The world has never experienced a labor shortage quite like the one we are experiencing. According to the Bureau of Labor Statistics, employment growth will average .3 over the next decade; however, labor participation will drop from 62.2% to 60.4%.
Supply Chain Automation is Changing the Landscape
Automation is coming, whether or not we get on board. Most executives do not want to be the guinea pig for new technology as they cannot afford disruption and risk.