Today’s manufacturers in nearly every industry have to grapple with complex supply chain challenges brought on not only by the COVID-19 pandemic, but also by an increasingly globalized supply chain, geopolitical issues, growing demand for customization and more. One industry particularly impacted by these challenges is aerospace and defense, due to its global market and discrete manufacturing requirements.
With bottlenecks in the supply of both goods and services running rampant post-pandemic, the term “shortages” is quite common to hear in the manufacturing industry. But what exactly are shortages and why are they such a big deal?
COVID-19, along with other global disruptions, has shed light on the fragile state of our global supply chain. Today’s supply chain issues are so vast they are now a mainstream concern. As the spotlight grows, executives are turning to technology to help solve their challenges.
LeanDNA’s Supply Chain Optimization Platform Recognized by Global Aerostructure Manufacturer
Spirit AeroSystems Honors LeanDNA with 2021 Supplier Innovation Award
Most, if not all, manufacturers have at least one ERP system in place to house and categorize critical data. But investing and implementing ERP systems are just the first step towards achieving true inventory optimization. While ERP systems are necessary, on their own they lack the prioritization and visibility necessary for manufacturers to stay competitive and successful in today’s increasingly complex supply chain. To save both time and money, manufacturers must aim to operate as efficiently as possible. By implementing an additional analytics engine, ERPs can achieve their full potential.
It’s time to talk about the “human holdup” factor in the world of supply chain management. When it comes to building the best processes possible, we need to help procurement and factory operations teams get out of their own way.
When it comes to technological advancements in manufacturing, many conjure up images of advanced robotics on the factory floor. While this technological investment has revolutionized the way manufacturers build their products, another technological wave is sweeping through the supply chain. This wave focuses on boosting the efficiency of the procurement and buying teams tasked with inventory management.
Software as a service (SaaS), cloud-based computing hosted remotely by a vendor and accessible over a network, has quickly proven to be a game changer in navigating the increasingly complex manufacturing landscape. Below are five major ways that SaaS can boost productivity and efficiency.
While there are many frameworks for sustainability and business ethics, one framework has proven to stand the test of time—the pyramid of corporate social responsibility. This framework provides levels of responsibility that businesses can achieve as they grow and expand their sustainability practices.
The LeanDNA-List celebrates the hard work of our customers, who work day-in and day-out to optimize inventory, reduce shortages, and empower their companies to operate more efficiently. These winners represent the tenacious, knowledgeable, and hands-on users and champions of LeanDNA.
One of the reasons why the bullwhip effect has been a huge obstacle for manufacturers for decades—and why so much energy is devoted to solving it—is because it shows how rational decision makers can make things worse by trying to do their best. After all, planning and forecasting is supposed to be the way to solve production, supply, and storage issues.
But what we’re currently seeing with the prolonged impacts of the Covid-19 pandemic on manufacturing and shipping capacity all over the globe is that variations in demand are being magnified more than ever before by forecasts that can’t react and adjust dynamically to changing conditions.