It has become increasingly clear that successful businesses are the ones willing to evolve and reimagine. For most, that now means recognizing the need to operate within a complete digital ecosystem that takes advantage of the wide range of digital technologies previously unavailable.
As climate change undeniably ravages the planet, the need for reform in Manufacturing, above all industries is becoming dire by the day. As the industry that provides the largest number of jobs in the US, Manufacturing needs companies to make collective, deliberate and organized efforts toward building a sustainable future. Green Manufacturing is no longer just a trend, it is a necessity and an inevitability.
A prime example of rapid and relentless evolution is supply chain management (SCM). New technologies and innovations have significantly boosted its capabilities, and SCM is now able to deliver a lot more than what was thought possible a few years back. Here is a look at some of the exciting new developments in the world of SCM.
Automation using robotics will also boost elastic logistics by enhancing efficiencies and productivity in warehouses, sorting centers and last-mile deliveries. Supply chain organizations are also expected to move away from a singular focus on becoming lean and cutting cost, and instead favor the building of “fail-safe elasticity” in managing demand.
This digital revolution and its groundbreaking effects on production and manufacturing have transformed supply chains across businesses and industries. Industry 4.0 has not only transformed the structure of supply chains, but it has also changed the way we view supply chains. Industry experts and market analysts have been observing a dramatic shift away from traditional sequential strategy hierarchies.
A prime example of rapid and relentless evolution is supply chain management (SCM). New technologies and innovations have significantly boosted its capabilities, and SCM is now able to deliver a lot more than what was thought possible a few years back. Here is a look at some of the exciting new developments in the world of SCM.
They may be fictitious characters, but they can fundamentally alter the way you run your business.
Personas are imaginary users that you can create to understand real customer needs, behaviors, and
expectations. When done properly, personas can unlock powerful learnings, help you optimize the
supply chain, or give you a significant edge over competition.
Go to any major auto show, and you are likely to be wowed by the futuristic ideas and cutting-edge technologies embedded in various vehicles. Some of the concept vehicles and transpiration systems on display may even look like something straight out of a science fiction flick. These solutions may look slick, but an important question soon pops up — can everyone use them? How inclusive are they?
Organizations have increasingly embraced the cloud and made it a core business requirement. This shift from on-premises to the cloud has also meant that organizations are now more open to the idea of leasing out or subscribing to online services. This has given way to XaaS — where X can be almost anything under the sun. Also known as Everything as a Service, XaaS represents the increasing servitization of technology.
