Supply Chain/Inventory
How Machine Learning Is Redefining Supply Chain Management
Bottom line: Machine learning makes it possible to discover patterns in supply chain management data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success, while constantly learning in the process. Discovering new patterns in
... ContinuedMore Effectively Track Vendor Managed and Outsource Inventory
In this age of virtual reality, I pose a question: “Do you know where your inventory is located?” Not your physical inventory – that’s probably somewhere on your plant floor and you probably have a very efficient system to track
... ContinuedModernizing the Medical Device Supply Chain
At the recent American Medical Device Summit in Lombard, Illinois, several FDA officials delivered presentations to help the device designers and manufacturers successfully engage with the FDA, physicians and the patient end-consumers. Yet, with the cost of development and launch
... ContinuedLogistics Management: Why Manufacturing Decision Makers Must Prioritize Efficiency
Logistics management is undergoing a disruptive transformation that has implications for decision-makers in manufacturing and other industries. Amazon is a herald of these changes, which the Journal of Commerce says are reshaping logistics as we know it. Over the past
... ContinuedLot Traceability Software for Manufacturing
Lot traceability in manufacturing has made a lot of headlines recently. We’ve all read how a popular automaker has been under fire in recent years for their quality problems. You can just imagine how devastating it must be to find
... ContinuedInventory Accuracy and the Effects on ERP
Inventory accuracy is crucial in today’s manufacturing environments. Some people do not realize the impact of what happens within an Enterprise Resource Planning (ERP) system when your inventory is not accurate. And when I say accurate, I mean at least
... Continued