![]() On the downside, IoT opens the door to increased cybersecurity risks, and even worse, physical exposure, especially for large-scale, mission-critical industrial assets. “IoT devices, combined with the cloud and AI, make all that much more effective and comprehensive.” “With just-in-time manufacturing, we care a lot about where a product is, when it’s going to arrive, and how it fits into the overall logistics flow,” said Stuart Madnick,an emeritus professor of information technologies at the MIT Sloan School of Management. The ability to monitor assets throughout the logistics journey also helps eliminate misplaced inventory and lost shipments, further reducing risk and revenue loss. Armed with such knowledge, suppliers can automatically reroute delivery to a closer distribution center or proactively dispatch a repair crew to prevent spoilage. IDC expects discrete manufacturers, process manufacturers, and transportation companies to spend the most on IoT deployments, primarily to support manufacturing operations and the management of production assets, and, in the transportation space, for freight monitoring and fleet management.īy tracking location, weather conditions, environmental status, traffic patterns, and more, suppliers can leverage AI and advanced analytics to determine, for example, if a shipment of refrigerated goods is at risk for equipment failure. With IDC projecting double-digit annual growth for worldwide IoT spending through 2022, there is ample opportunity for connected and sensored “things”- think finished goods, shipping containers, or warehouse stations - to communicate information and deliver insights that will upend traditional supply chain practices. Here are five of the top technologies poised to overhaul supply chain operations: The internet of things (IoT) ![]() ![]() “If a competitor comes along with a next-generation, digitally fueled capability, need to find a way to avoid being disrupted.” “Looking into the future, it’s about resiliency and an ability to adapt to changes in the marketplace and new business models,” said Simon Ellis, program vice president with IDC Manufacturing Insights, a market-research firm. These advanced technologies are serving as a springboard for new business models - for example, many firms are piggybacking off the "internet of things" (IoT) to offer predictive maintenance services that guarantee product uptime while generating recurring revenue. Additive manufacturing is also opening doors to easy production of spare parts, enabling companies to slash inventory, cut costs, and create supplementary revenue streams. Machine learning, artificial intelligence (AI), and advanced analytics help drive automation and deliver insights that promote efficiencies - making on-the-fly route changes to accelerate product delivery, for example, or swapping out materials to take advantage of better pricing or availability.ģD printing allows firms to localize production of goods closer to customers, allowing for faster turnaround, reduced transportation costs, and greater personalization. Using sensors and ever-improving internet connectivity, forward-thinking companies are collecting data at every checkpoint, from the status of raw materials flow to the condition and location of finished goods. You can email us at to get an NDA executed.Facing globalization, increased product complexity, and heightened customer demands, companies are taking up advanced technologies to transform their supply chain from a pure operations hub into the epicenter of business innovation. In addition, we are happy to provide and sign an NDA with your company. NDAs - All Fictiv manufacturing partners are under contract and technically legal arms of Fictiv to make sure that your IP is protected. Before bringing on a new partner, we go through a rigorous onboarding process to audit their facilities, their quality management processes, and practices around IP management. Partner vetting and management - All manufacturing partners in our network are highly vetted and managed. Additionally, Fictiv removes identifiable customer information from CAD models and drawings before sharing with the matched partner to further anonymize and protect customer data. There is no bidding involved in our match process. However, only the partner who receives the match gets access to your data. File management and anonymization - When you place an order with Fictiv, your parts are intelligently matched with the best manufacturing partner in our network for the job. ![]() There are 3 major ways that we help protect your IP: Protecting customer intellectual property is a top priority for us at Fictiv and something we take very seriously.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |