Supply Chain
What Is Supply Chain?
The supply chain is the network of all businesses, resources, activities, and technology involved in the creation and sale of a product, from the initial raw materials to delivery of the assembled product to the customer. Manufacturing’s next advances on this frontier will include predictive analytics. Systems will warn manufacturers of potential disruptions in a supply chain before they happen and also will forecast which materials and components customers will want— when and why.
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What Does MxD Do?
MxD does two things to advance supply chain performance. First, it funds projects that optimize the supply chain, often incorporating sensors, software, and analytics. Second, it serves as a convener of organizations in the supply chain. Communication among suppliers and top-tier manufacturers often is lacking; a gulf exists between the digital haves and have-nots. Manufacturers large and small need guidance and a neutral forum to share best practices to bring along their supply chain.
Facts & Figures
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Facts & Figures
What is supply chain 4.0?
Facts & Figures
McKinsey & Company defines it as the application of the Internet of Things, the use of advanced robotics, and the application of advanced analytics of big data in supply chain management.
Facts & Figures
Where is the supply chain most disrupted by natural disasters and other weather events?
Facts & Figures
The United States. In 2017, the U.S. for the first time became the most impacted region in the world, according to Resilinc. (Hurricanes Harvey, Irma and Maria)
Facts & Figures
What will parts forecasting look like in the future?
Facts & Figures
Advanced algorithms will provide probability distributions of expected demand versus a single number.
Facts & Figures
How important is the accuracy of shipping data?
Facts & Figures
Almost 20% of supply chain managers surveyed by Dunn & Bradstreet said they had lost a customer because of incomplete or inaccurate shipping information.