Tag Archive: artificial intelligence

Manufacturing Expert, Lisa Anderson, Sees Impacts of Artificial Intelligence on Manufacturing Profit, Inventory Levels and Cash

September 20th, 2019

Manufacturing Expert, Lisa Anderson, Sees Impacts of
Artificial Intelligence on Manufacturing Profit, Inventory Levels and Cash

CLAREMONT, CALIFORNIA – September 19, 2019 –  Manufacturing and Supply Chain Expert,  Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc., predicts that artificial intelligence (AI) and human learning will impact most aspects of manufacturing resulting in improved profits, inventory levels and cash.

“Our manufacturing clients have really embraced the power of AI since the first of the year.  From improved forecast accuracy impacting inventory levels to more openly working with changing customer needs and the overall customer experience, manufacturers are seeing the effects of using this data,” Ms. Anderson commented. LMA Consulting Group works with manufacturers and distributors on strategy and end-to-end supply chain transformation to maximize the customer experience and enable profitable, scalable, dramatic business growth.

“Despite the fact that manufacturing, especially in Inland Southern California continues to be strong, manufacturers need to be smart. By integrating AI with tried and true techniques such as SIOP (Sales, Inventory and Operations Planning) and taking advantage of predictive analytics and other human learning technologies in conjunction with ERP systems, manufacturers can become better at forecasting and exceeding customer expectations.  In fact, for every one percent improvement in forecast accuracy, there can be a seven percent improvement in inventory levels and therefore cashflow,” she said.

In an effort to support clients, Ms. Anderson is active with the Board of Directors of the Inland Empire Economic Partnership, where she represents the Logistics Council whose initiative is developing a consortium for logistics, supply chain and advanced manufacturing success. “AI and other forms of technology are transforming manufacturing as we know it. From reevaluating sourcing and enabling robots to predictive maintenance and shortened design times, AI offers up vast potential. Successful manufacturers are strengthening their hold. Supply chain and other manufacturing professionals are sharpening their skills to take advantage of these resources. It takes work, smart management and a strong team to be successful. A perfect storm for manufacturing success. The evidence is in the growth we see in Inland Southern California (also known as the Inland Empire),” she concluded.

About LMA Consulting Group – Lisa Anderson, MBA, CSCP, CLTD

Lisa Anderson is the founder and president of LMA Consulting Group, Inc., a consulting firm that specializes in manufacturing strategy and end-to-end supply chain transformation.  She focuses on maximizing the customer experience and enabling profitable, scalable, dramatic business growth. Ms. Anderson is a recognized Supply Chain thought leader by SelectHub, named a Top 40 B2B Tech Influencer by arketi group, 50 ERP Influencer by Washington-Frank, a top 46 most influential in Supply Chain by SAP and named a top woman influencer by Solutions Review. She recently published, I’ve Been Thinking, 101 strategies for creating bold customer promises and profits. A regular content contributor on topics including a superior customer experience with SIOP, advancing innovation and making the supply chain resilient, Ms. Anderson is regularly interviewed and quoted by publications such as Industry Week, tED magazine and the Wall Street Journal.  For information, to sign up for her Profit Through PeopleTM Newsletter or for a copy of her book, visit LMA-ConsultingGroup.com.
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Media Contact
Kathleen McEntee | Kathleen McEntee & Associates, Ltd. | p. (760) 262 – 4080 | KMcEntee@KMcEnteeAssoc.com   
                                                        



Pepsi’s Innovations with Artificial Intelligence

May 10th, 2019

Artificial intelligence appears to be taking over the world. I read a fascinating article in Forbes about Pepsi’s innovations using artificial intelligence.  It is quite clear that those executives who are thinking about how to lead this effort will leave the rest in the dust.

For example, Pepsi is working with the University of the Pacific to have a Snackbot deliver snacks and drinks from an app to 50 locations across campus for no fee! Quite an intriguing idea. It delivers rain or shine.

Similarly, in Pepsi’s Frito-Lay factory, they use lasers to hit chips and listen to sounds to determine texture. And this is just the beginning of how AI can relate to process control.  They also used machine learning and a vision system to predict the weight of potatoes which led to millions in savings.

There seems to be no limit to the number of ideas and ways to utilize AI. Have you thought about what you can do in your operation?

What Should We Consider and/or What Impacts Could Arise?
You better get up-to-speed quickly! One way to do this is to join our APICS-IE chapter and our symposium on “The Talent Transformation: People or Robots?“. We have an amazing lineup of panelists including a robotics expert, the world’s leader in GIS mapping software, and more.

You can also read mountains of articles on-line, ask colleagues, attend conferences, network with industry professionals and much more.  The key question is as follows: Are you exploring these technologies and what can they do for your business?

These types of advanced manufacturing and leading edge technologies are becoming quite accessible. But that isn’t enough. Are you involving your team in the process and providing opportunities for education, testing of new ideas and for failure? Otherwise, write all the checks you want; however, it will fall apart when trying to integrate these technologies into your organization in a smart way to achieve a value-added end result. Just pose the question – how can we create a resilient yet automated end-to-end supply chain? No doubt, you’ll circle back to this topic!



2019 Predictions from Manufacturing & Logistics Executives

April 22nd, 2019

Economic volatility and uncertainty are the new normal. Instead of lamenting, manufacturers have a unique opportunity. There has never been a better time to stand out from the crowd with a superior customer experience amidst the chaos. 

Not only has the Amazon Effect driven customers to expect customized product and service offerings with rapid response – creating a greater demand for local manufacturing – it has also made innovation a cultural norm. There is a trend towards near-sourcing, vertical integration and agile strategies to proactively address these elevated expectations as well as to meet customers’ insatiable need for last minute changes.

With the rise of e-commerce, increasing transportation costs and global risks, sourcing experts are re-evaluating their global supply chains. Logistics is gaining in relevancy as transportation costs increase, sustainability efforts expand and managing inventory becomes a hot topic as accelerating cash flow becomes more relevant.

Drones, robotics, IOT, artificial Intelligence, big data predictive analytics and additive manufacturing are transforming entire industries while providing the tools to create a customer-centric, resilient supply chain. However, technology alone will achieve nothing. With a differentiated strategy and the right talent, the opportunities are endless. 

We asked business owners and executives for their predictions for 2019. From aerospace and defense to food and beverage to building products, the perspectives may be different, but the outcome is the same: Opportunity Abounds. 

Find out how to navigate disruption and achieve peak performance. Download our free report here.

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Trump Signs Order Prioritizing AI Research

March 18th, 2019

According to the White House, President Trump signed an executive order directing the U.S. Government to prioritize artificial intelligence in its research and development spending. The focus is on ensuring that AI develops in sync with U.S. values and that training for the future workforce is prioritized. This is a culmination of meetings with Google, IBM and Microsoft and reflects the  commitment to focus on leading edge technologies. From an industry point-of-view, this focus is applauded.

The talk is that AI will transform entire industries. There is no doubt that without a focus on advanced technologies and the associated training and workforce efforts, you will be left in the dust, similar to looking for a payphone along the side of the road. Whether in a meeting with CEOs or the consortium for supply chain and advanced manufacturing excellence or at a client focused on increasing demand, AI is a part of the discussion.

I just so happen to be attending a Microsoft Dynamics Day to stay up-to-speed on the latest technologies.  AI has already arisen as a key topic and focus area. Microsoft is building AI into their tools. Here is a press release explaining AI in the recent release of the software. Of course, Microsoft is just an example as every leading edge technology player has at least some level of focus on AI.

What Should We Consider and/or What Impacts Could Arise?
There is no doubt about it. AI will impact every industry in some way, whether directly, through suppliers or customers or in terms of service and cost expectations. I never recommend jumping on a bandwagon blindly. After all, how many companies outsourced when it was “the craze” and now regret that decision because it didn’t make sense when looking at the full picture? Plenty! On the other hand, you must be informed and consider the options and implications for your business.

There are many opportunities to learn about AI and its potential impacts so that you can integrate in your strategy. For example, our APICS Inland Empire chapter‘s upcoming Executive Panel and Networking Symposium will be on the topic, “Manufacturing & Supply Chain Talent Transformation: People or Robots?“. Join us for this education and networking opportunity. However, this is just one option. Ask your CEO group. I see this as a valuable benefit from collaborating with peers! Contact me if you’d like a referral. Attend a trade or industry conference. Read industry magazines and the Wall Street Journal. Pay attention to the news related to your industry, your suppliers, your transportation partners and your customers. Talk with an expert and/or ask your expert to assess your situation and provide recommendations.

In our view, keeping key technologies such as AI top of mind is part of creating a resilient supply chain. Without a doubt, those with a resilient supply chain are far more likely to succeed in these changing times. To learn more about how to create a resilient supply chain to navigate disruption and achieve peak performance, check out our new series or contact us for customized expertise.

 

 

 



What’s Ahead in Technology?

January 30th, 2019

To think about what’s ahead in technology, it is important to put it in perspective with what’s ahead in business.  Read our article, “What’s Ahead in Business?” for details on the key trends impacting business:

  1. Importance of the customer experience
  2. Taking the holistic view has become a “must”
  3. Volatility is the new norm
  4. The coming power of manufacturing and supply chain

What’s ahead in technology lines up with these same themes. In order to achieve scalable, profitable growth, technology is an important enabler. The most relevant technology trends include:

  1. ERP Upgrades – More and more companies are realizing that their system infrastructure must keep up with business requirements and customer expectations. As tough as an ERP upgrade can be, it is one of the only ways to make the leap from manual, labor-intensive processes to providing a superior customer experience efficiently.
  2. E-commerce/ Customer Portals – Amazon. Alibaba. Customer collaboration. Need we say more?
  3. Business Intelligence & Data Analytics – We are overwhelmed by mountains of data. We are so anxious to gather data yet we don’t seem to have the appropriate information at our fingertips when we need it. That’s where data analytics comes into the picture. Beyond that, predictive analytics is gaining steam.
  4. Artificial Intelligence – Even my Mom counts on Alexa! In addition, who wouldn’t want a car that self corrects? Predicting customer patterns and behaviors is becoming more important. AI is set to transform many industries over the next several years.
  5. IoT– Smart factories. Smart homes. Connected devices and machines. According to NEWGENAPPS, 60% of global manufacturers will use analytics data tracked using connected devices to analyze and and optimize processes.
  6. Robotics & Automation – Robots may not be taking over the universe tomorrow morning, but they are working hand-in-hand with people to achieve many benefits – improve safety, increase speed and consistency, improve customer satisfaction, fill capacity shortfalls and and increase productivity.
  7. Autonomous Vehicles – Beyond self-driving cars and trucks, autonomous vehicles are used widely in manufacturing and distribution environments.

Are you thinking about which of these technologies will support your business objectives?  Or which are likely to impact your industry?  Consider technology as a key part of your strategy and plans. If you’d like an expert to evaluate which, if any, of these technologies will be relevant to your business, contact us.

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