Procurement & Supply Chain

10 Supply Chain Statistics You Shouldn't Overlook

January 28, 2022

10 Supply Chain Statistics
22% Businesses have a proactive supply chain network, 56.6% Businesses employ warehouse robotics to manage their supply chains. (Reuters) , 38% Companies plan to regionalize supply chain management.

Spotlight

Renco Electronics

Renco Electronics is a world class, Engineering driven manufacturer of inductors, transformers, and subassemblies that utilize magnetic components.

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How to Make Manufacturing More Efficient

Infographic | February 22, 2022

Production efficiency analyzes whether the economy is generating as much as feasible without wasting precious resources.

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Costs of downtime in the manufacturing industry

Infographic | April 1, 2021

Across all industries, downtime happens and it can be very expensive. Downtime is defined as the period of time when something, such as a factory or a piece of machinery, is not in operation, especially as the result of a malfunction.

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Industry 4.0: Changing the Face of Manufacturing

Infographic | March 17, 2022

Industry 4.0 is revolutionizing the way companies manufacture, improve, and distribute their products. The annual reduction in inventory levels expected from Industry 4.0 adoption. The increase in productivity that could be achieved by first wave IIoT adopters. The number of manufacturers implementing IIoT in their manufacturing operations. The fourth industrial revolution is still in its nascent state. But with the swift pace of change and disruption to business and society, the time to join in is now.”

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TIM WOOD The Wastes of Lean Manufacturing

Infographic | January 28, 2022

According to lean principles, lean manufacturing waste is any action that does not add value to the customer, 69.7% manufacturing companies apply lean manufacturing practices.

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ABC Analysis A Practice for Inventory Management

Infographic | February 10, 2022

The ABC analysis evaluates the value of inventory goods based on their importance to the business. ABC stands for,A Always B Better C Control

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Real-Time Data Collection in Manufacturing

Infographic | January 18, 2022

By 2022, more than half of the new businesses will integrate constant intelligence to make real-time context-data-based decisions.

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