Industrial Technology
In the midst of a global crisis, the manufacturing industry remains a critical part of U.S. infrastructure, particularly when it comes to defense.The national defense program relies on job shops to make essential parts, and job shops in turn depend on government contracts to fuel their small busines
The global pandemic has added an extra layer of complexity and disruption to the manufacturing supply chain. In response, manufacturers and shipping companies worldwide are shifting gears, re-evaluating their strategies and risk profiles, and scrambling to keep up production.Despite these efforts, t
Introduced first as a solution to hyper-urbanization, remote work has been imposed over the past few weeks as a solution for preventing the spread of the coronavirus.Traditionally, procurement departments don’t work remotely, so this is a good opportunity for organizations to discover new work
Oil and gas companies operate in dynamic and complex environments, resulting in constant challenges related to the management of supply and demand. Now, with oil prices at historic lows and disruptions caused by the COVID-19 outbreak, the time has come to evaluate supply-chain and procurement strate
The coronavirus pandemic has brought chaos to supplier-buyer relations the world round, resulting in widescale invoking of the contract-breaking clause known as force majeure.Parties cite force majeure when an occurrence beyond their control prevents them from living up to their obligations under a
As the coronavirus continues to spread throughout the world, more and more people are staying home in an effort to contain the outbreak. With brick-and-mortar stores shutting down and people being asked to remain indoors, individuals are increasingly resorting to online deliveries.A recent analysis
Accurate time tracking is critical to managing labor costs in order to achieve profitability for construction businesses, separating successful businesses from the rest of the pack.If labor costs aren’t allocated to the right project or task, or the quantity of completed work is wrong, it&rsqu
These days, it’s essential for companies and their supply chains to realize that customers prefer to engage with organizations that are focused on environmental sustainability. Significant opportunities exist for leveraging people, processes, and technologies to achieve operational efficiencie
The rapid growth of e-commerce continues to create new challenges for retailers as they plan distribution strategies. One of those challenges is managing the high volume of returns. One in three shoppers returns items, and more than half read a company’s returns policy before making a purchase
Executives face a number of challenges when developing and executing a successful facility selection process. Often they come in the form of unrealistic timelines, incomplete budget planning, and geographical constraints. Other obstacles include lack of project team experience and failure to include
Key suppliers to aerospace giant Boeing are struggling with the fallout from the grounding of the 737 Max aircraft. More than 600 suppliers, along with countless interconnected companies across the ecosystem involved in the aircraft’s production and return to service, are re-evaluating their f
The key concerns of healthcare management today are data processing and data security. Patients don’t have full ownership of their medical records, and are unable to control how their information is updated. There isn’t enough transparency to the process.There are also significant concer
Lower back pain is the second most common reason for a doctor visit, and costs the supply-chain industry around $100 billion per year. One of the leading culprits for this pain and expense is the pushing and pulling that occurs in the hundreds of thousands of distribution facilities throughout the w
When it comes to protecting computers and information systems from cyber attack, artificial intelligence and machine learning can help — but they’re no cure-all for a growing problem.Notwithstanding the current excitement over AI and its increasing ability to best humans on numerous fron
More than half of new business processes will incorporate some element of the internet of things (IoT) this year, Gartner predicts — with a thirty-fold increase in internet-connected physical devices, which will “significantly alter how the supply chain operates.”This is hardl
Made up of multiple stakeholders, the agricultural supply chain is one of the world’s most vital conduits between producers and consumers. It’s guided by international standards and rules on the recording, storage, and maintenance of key information points, with the goal of achieving max
Few issues are as important to businesses today than sustainability. Because the modern consumer cares about the environment, companies need to meet higher expectations about eco-friendly practices. Supply chains, in particular, have a lot of room to improve.It's no secret that logistics chains
Without a doubt, uncertainty and unpredictability will continue to increase. Whether you‘re a bio pharma company grappling with temperature excursions, or an automaker relying on critical assembly-line components that only China produces, you’re bound to be affected. The amount of disrup
According to TheClimateGroup.org, the transportation sector is the fastest-growing contributor to climate change, accounting for 23% of global energy-related greenhouse gas (GHG) emissions.Efforts to achieve carbon neutrality are everywhere you look. Between countries announcing ambitious goals for
At a time when the coronavirus outbreak is disrupting global supply lines, a maker of toys that’s committed to manufacturing in the U.S. finds itself with an advantage over those that rely on production in China.From day one of its founding in 2016 by former U.S. Marine Tom Murdough, Simplay3
Industrial Technology