U.S. labor productivity soared at a 4.9% rate in the most recent quarter as compared to the typical annualized rate of 2% during the current business cycle. We are seeing productivity gains across the board as manufacturers utilize predictive processes such as SIOP and advanced technologies such as AI, robotics, and the automation of processes and better utilization of ERP.
Manufacturers utilize less than 20% of the full functionality of their ERP systems. But the key question is, why does it matter? In today’s inflationary and supply chain disrupted business environment, manufacturers need to automate and digitize to ‘do more with less’ and thrive during these volatile times. One important way to achieve this goal is to further leverage your ERP system where it will make a difference.
The technological transformation is occurring at an unprecedented pace. What was expected to happen by 2035 is in process now. Industry 4.0 has taken manufacturing and supply chain by storm. Executives are realizing that they must upgrade their technological infrastructure to thrive. Which technologies are gaining momentum in supply [...]
While leading a panel "Building Resiliency in the Supply Chain" with gurus from Georgia Tech, the leading experts in global logistics and associated research, several intriguing concepts arose.
Explore the potential impact of drone technology on industries, businesses, and employees. Stay ahead in the technology game to thrive.
Artificial intelligence is increasingly becoming a vital part of the leading supply chain companies and is transforming the supply chain system at a very fast rate, even though many companies aren’t ready for it.
To think about what's ahead in technology, it is important to put it in perspective with what's ahead in business.
If we invest in every opportunity, we could "go broke". How do we decide? And will it help us create a resilient supply chain?
Will artificial intelligence and automation impact your industry? Most likely the answer is yes; the only question is how.
Which of these technologies should we pay attention to? Let's look at some of the more popular ones.
