The latest supply-chain news, analysis, trends and tools for executives in the aerospace and defense industry. Learn how aerospace and defense companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
Modern technology has empowered electronics manufacturing and supply chains to span the globe, and yet, many organizations still cling to outdated forms of both sourcing and procurement. Why is that? There’s some level of comfort in the old way of doing things, but even these methods come at their own costs.
Today’s top companies like Amazon, Facebook, Google, and Apple have taught consumers to hold digital experiences in the highest regard. This has led manufacturers to digitize as many elements of their supply chain as possible. Not only does this increase the ease of procurement and sourcing, but it also positions your company as a leader in the growing digital age of manufacturing.
The first step in your digital transformation should be to embrace modern technology. Digital procurement, or E-Procurement, is one such way to bring your outdated processes into the modern era.
U.S. industrial conglomerate Honeywell International Inc said on Friday it had started sourcing some of its components from countries other than China to counter growing costs related to a tariff war between the world’s two largest economies.
Manufacturers around the globe are taking advantage of the Internet of Things (IoT) to create smart factory floors. Now they can use it to improve their entire supply chain and eliminate costly disruptions. IoT-based cargo tracking sensors can make your supply chain smarter by providing the comprehensive cargo visibility that is often unavailable today. They can deliver item-level condition monitoring, ensuring that goods arrive in time, at the right place and intact.
This is particularly helpful with cross-border logistics, as these devices—with the real-time in-transit data they generate— can give companies the power to overcome some of their biggest international shipping challenges. Here’s a look at the top seven cross-border issues and how an innovative real-time IoT sensor program can help solve them.