May 20,9: The 4th industrial revolution is taking hold, transforming the nature and pace of our working environment and processes. At the same time, business and consumer expectations are changing; stakeholders across the wider production and distribution supply chain want things to happen more quickly and efficiently than ever before, and there is little room for failure.
The benefits of this optimized supply chain are increasingly evident. Transitioning to on-demand manufacturing leads to cost savings by eliminating or significantly reducing inventory requirements.
The benefits of digital files also provide the ability to quickly produce new iterations at little to no additional cost. With a single source for a variety of parts, businesses that use 3D printing contract manufacturers deal with less risk, more control and added agility in relation to their product lifecycle.
Local facilities can 3D print designs on-demand from files sent across the globe, or they can print securely from a nearby supplier. The infographic below offers an illustrated look at the differences between a traditional supply chain and one that utilizes 3D printing.
Part suppliers can simply send digital files to an additive manufacturing service bureau like Stratasys Direct, and access large manufacturing capacities and a wide-range of post-processing offerings.
AM is understood as a powerful technology capable of being used throughout the value chain and as a compliment to traditional manufacturing. AM creates custom, complex production parts in low volumes faster than traditional manufacturing processes.3 Strategies for Improving Your Supply Chain The Center for Supply Chain Innovation at Auburn University recently released their annual State of the Retail Supply Chain Report that summarizes current supply chain management (SCM) challenges according to 76 retail executives and supply chain .
A more modern approach to supply chain moves away from a traditional logistics model and embraces a global trade network (GTN) model.
This new approach to supply chain strategy is beneficial to companies whether they move product domestically or globally. GOPALJEE: TRANSFORMING TRADITIONAL SUPPLY CHAINS PRODUCTS • Bread Spreads • Milk Drinks • Powder Milk • Fresh Milk • Cheese • For Cooking • Chocolate MARKET SHARE OF GOPALJEE .
A critical element will be the evolution of traditional supply chains toward a connected, smart, and highly efficient supply chain ecosystem. The supply chain today is a series of largely discrete, siloed steps taken through marketing, product development, manufacturing, and distribution, and finally into the hands of the customer.
Core supply chain costs. Traditional supply chain analyses focus on a portion of the value chain, which we refer to as “core supply chain costs.” These core costs include all costs related to getting goods from ports to stores (brick-and-mortar retail) or into the parcel .
Leveraging actors outside of the traditional supply chain, such as philanthropy, government, nonprofits, and financial institutions results in increased shared value, most importantly in the form of improved farmer livelihoods and greater supplies of high-quality coffee.