A holistic, integrated approach to predictive maintenance incorporates data, systems, and human expertise from various functions including engineering, manufacturing, field service, logistics, supply chain, HR, finance, and maintenance.
Process and discrete manufacturing
In our research on direct materials Procure-to-Pay (P2P) processes, we saw tremendous variation between industries or types of companies regarding how they execute P2P. One major difference is the level of ‘relationship-intensity’ for P2P processes, i.e., how much person-to-person negotiation and dialog is required at each stage of P2P for each industry.
In this final article of the series, we discuss current activities and future potential in space-based mining, as well as the various kinds of logistics that will be required for the emerging, diverse, space economy.
We explore examples of space-based manufacturing that are currently being considered or pursued, such as ZBLAN optical fibers, biomanufacturing, construction of large structures, space-based farming, drugs, microfabrication, carbon nanotubes, and perfect spheres.
Plummeting launch costs are poised to make manufacturing in space economically feasible for a set of materials and products that can take advantage of unique attributes of space-based production. Here we explore why space-based manufacturing may be on the verge of becoming a reality.
We explore various strategies for obtaining supply chain resilience, including mapping and monitoring the multi-tier supply chain, the use of supply chain finance, and building adaptability into physical infrastructure, systems, processes, and people.
We explain specific advanced tools and practices for dealing with demand-supply uncertainty, including probable forecasting, capacity and consumption commitment contracts, real options as risk mitigation strategies, and hedging strategies.
The past two years have brought nearly uninterrupted volatility, disruption, and uncertainty, which we expect to continue for the foreseeable future. How individuals and companies deal with this ongoing unpredictability will determine their mental, physical, and financial health in 2022 and beyond. Here we provide a framework for companies to thrive in this new age of uncertainty.
Manufacturers and wholesale distributors are evolving from primarily or exclusively selling physical products, to more diverse business models, providing a variety of services and outcomes. Here we discuss what is driving this evolution, including the emergence of the Outcome Economy.
NetSuite has seen healthy growth since they were acquired by Oracle. At SuiteWorld, we heard about their strategy to continue to accelerate that growth, leveraging Oracle assets, ongoing micro-vertical focus, use of machine learning in their control tower, launch of Brainyard and benchmarking, and more.