Reading Time: 3 minutes 2021 has been a year of transition. The evolving crisis and measures taken worldwide to contain the spread of the pandemic accelerated certain long-term and emerging trends. The past year has shown us that if organizations and industries are to keep up with the fast-paced change and uncertainty of the current market, they need to … Read more
Reading Time: 4 minutes The automotive industry is in a perpetual state of change. Globally linked economies, tight competition, and emerging markets all force constant review of production goals, suppliers, and long-term strategies. The automotive industry sets some of the highest quality standards in manufacturing, driven by a need to ensure safety and a desire to control costs. Increasingly, … Read more
Reading Time: 6 minutes Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Now there are forces arguing for a return to a just-in-case approach. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a reassessment of practices and KPIs in order to keep goods flowing … Read more
Reading Time: 5 minutes Ask manufacturing leaders what changes they plan to make in the next three years in the wake of the coronavirus pandemic, and they will likely say their use of technology will deepen as more and more players in their supply chains come to rely on digital connections for daily interactions. It is a realization most … Read more
Reading Time: 5 minutes ERP adoption and implementation can have a wide range of outcomes, so whether you are upgrading your ERP system or considering deploying a new one, it’s important to understand an ERP’s capabilities. With a solid business strategy and a strong foundation of knowledge, you can determine the best course of action for your manufacturing business … Read more
Reading Time: 6 minutes The electronics industry has experienced dramatic changes on the customer and supplier side in the last 18 months – from sudden purchasing changes by customers to shortages of parts and components from suppliers. Given the radical changes of the pandemic, one strategic question electronics manufacturers should be asking themselves is whether they are prepared for … Read more
Reading Time: 11 minutes Two predictions have come true during the pandemic. In a 2015 TED talk, Bill Gates warned about the spread of a potential virus and that organizations and governments were not prepared for it. A year before, in 2014, a Harvard Business Review article pointed out that supply chains were becoming increasingly global and complex and … Read more
Reading Time: 5 minutes The manufacturing industry confronted many uncertainties in the last year due to the pandemic. The supply chain was shaken by disruptions and market volatility, and the need for adaptation became immediate. 2020 SYSPRO research showed that 60% of businesses were impacted by supply chain disruptions during the pandemic. Businesses were unable to operate at the … Read more
Reading Time: 7 minutes In 2018 a Forbes magazine published an article entitled “Every company is a data company” in which the authors urged all companies to use data as a core asset. That is now becoming a reality as businesses come to realize that data is the most significant asset they possess. Using data has the potential to … Read more
