Skills Gap – Where Do We Stand?
The skills gap has been a hot topic for many years. Our original research shows a 87% gap.
The skills gap has been a hot topic for many years. Our original research shows a 87% gap.
Recent predictions say we are headed into the year where technology gains critical mass! That is truly exciting for manufacturers as people and robots work in collaboration to achieve profitable growth and success.
Our manufacturing clients have really embraced the power of AI during the last year. From improved forecast accuracy that affects inventory levels, to working more openly with changing customer needs and the overall customer experience, they are already in the effects of using this data.
Should I really invest time and resources into technologies I don't know will pay back? For example, there is a lot of conversation about the value (or lack thereof) with blockchain, IoT, AI and more. This concern continues to arise and is on every executive's mind.
As I have been thinking about the food and beverage industry (and process manufacturing) and future proofing your business, I see several examples of proactive clients and colleagues' future proofing their business. As this is my latest, hot-off-the-press LMA-i, LMA Intelligence topic, I thought we'd explore a few trends related to food and beverage.
According to a recent project44 report, 94% of business purchasers surveyed expect the same level of customer satisfaction from a business transaction as they do when making a personal purchase. These expectations revolve around “low-cost, fast and highly transparent delivery of goods.”
There is a lot of interest in IoT as it relates to connecting equipment, vehicles and more; however, it is a more complex topic with multiple vendors involved.
Since forecasting can deliver significant benefits with increased levels of service, inventory turnover and margin improvement, the question that inevitably arises is whether it makes sense to purchase a forecasting or demand planning system.
Lisa Anderson is a specialist in ERP management. Her field of work also includes supply chain management, S&OP. Her purpose is the same as other influencers, to help vendors uplifting their business.
Determine the optimal timing for an ERP upgrade to enhance business growth and technological capability. Strategies from Lisa Anderson.