Of all the elements of a supply chain, the planning of manufacturing is the area that is probably most mired in confusing language and acronyms. MRP, MRPII, DDMRP, RCCP, MPS… the list goes on. Manufacturing is a complex beast and trying to grasp the basic planning processes can be challenging if you’ve not been exposed to manufacturing before. In this article, we explain, in straight-forward terms, the core concepts of the manufacturing planning process and put the mind-boggling acronyms into context. Read more
In the supply chain we are, largely, at the front of the game when it comes to machine learning and artificial intelligence. Machine learning has been invaluable as we’ve begun to apply it to demand planning, and is helping with forecast accuracy.
However, supply chain leaders are now looking to use the same or similar technology, utilising machine learning and artificial intelligence, to improve the sphere of production planning. Yet this is a much harder challenge to take on compared with demand planning. Read more
The following white paper is part 2 of a guest post from Argenta – a leading provider of Test, Measurement, Control and Automation solutions. In part 1, Argenta looked at the basic principles of Operational Planning and balancing Capacity and Demand, along with the challenges to achieving effective planning and how to determine the most appropriate planning horizon and units to be used. In this second part they look at how to define Capacity and Demand and the types of tools which are required to support the planning process. Read more
Although supply chains, and specifically manufacturing, are becoming more and more adept at using technology, there are still some key problem areas. Technology has both created the solutions, and highlighted the problems. The three main areas that we see negatively affecting manufacturers in terms of productivity, and consequently profitability, are: data management (and how it’s enacted), inventory and gross margin management. Read more
Even just two years ago, it was hard to imagine how the Internet of Things would completely transform so much of the supply chain. However, the industry is radically changing. Indeed, this change is so enormous, so radical that it’s even being coined ‘The Fourth Industrial Revolution”. This term embraces the concept that the Internet of Things, is so all-invasive to industry, and happening with such immense speed, that it literally is at revolutionary levels. Read more
The following post is a guest post from Jeff Woodham at Argenta – a leading provider of Test, Measurement, Control and Automation solutions. Argenta are specialists in developing bespoke software applications for simulation, forecasting, planning and scheduling. Read more