Global supply chains today have become more complex than ever before. Emerging technology has connected companies and manufacturers from different corners of the world, creating a web of supply chain operations. The need for cutting-edge systems is apparent, but not all organizations are utilizing the latest and greatest technology to their advantage just yet.
The infrastructure necessary to power manufacturing and industrial processes is increasingly dependent on mobile data collection technology. In North America, energy equipment supplier TMEIC helps its industrial partners, including mills, factories and manufacturers, maintain operations by providing them with access to energy that helps power virtually all critical internal functions. The company develops the equipment and electronics needed to supply factories with the power necessary to ensure production and distribution continues on course. It also provides the engineering expertise that makes certain automation runs smoothly.
While companies have not been hesitant to incorporate new systems like SAP ERP software into their warehouse, not all organizations use these tools to their full potential. According to ZD Net, the future of defining ERP success will no longer be based on just internal effectiveness. Future goals will directly correlate with a company's ability to connect all of its people, systems and constituents, according to the website.
As the economy continues its climb out of the recession, warehouse and logistic professionals are looking to improve service levels while keeping costs down. According to the 2013 Warehouse/DC Operations Survey by Logistics Management, managers across the manufacturing and distribution industries are considering many options that can meet new demands without straining budgets.
In order for manufacturers to handle product recalls without causing a severe disruption to operations, they need to have strong data collection procedures in place. Although it isn't easy to overcome major challenges like a massive recall, there are companies that have managed to do so. Julian Birkinshaw, a professor of strategic and international management at London Business School, told Bloomberg Businessweek that despite the multitude of issues Japanese car giant Toyota has faced in recent years, the company has been able to bounce back and perform well. As a result, a current recall has not caused too much trepidation for investors.
Topics: Oracle E-Business Suite
RFgen Software helps organizations reduce supply chain implementation costs and increase accuracy and efficiency with the industry’s most reliable and flexible mobile data collection software and supply chain automation solutions.