{"id":2312,"date":"2019-09-24T08:58:28","date_gmt":"2019-09-24T13:58:28","guid":{"rendered":"http:\/\/dev-mhisolutionsmag.officialdirectory.com\/?p=2312"},"modified":"2019-12-16T16:38:21","modified_gmt":"2019-12-16T22:38:21","slug":"supply-chain-sustainability-goes-high-tech","status":"publish","type":"post","link":"https:\/\/www.mhisolutionsmag.com\/index.php\/2019\/09\/24\/supply-chain-sustainability-goes-high-tech\/","title":{"rendered":"Supply Chain Sustainability Goes High Tech"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Supply Chain Sustainability Goes High Tech<\/strong><\/p>\n

* By Mary Lou Jay *<\/em><\/p>\n

The promise of improved efficiencies and reductions in operating expenses are usually the major drivers when supply chain companies adopt digital technologies. But there\u2019s another benefit that they should consider. Tech advances like the Internet of Things (IoT), data analytics, artificial intelligence (AI), 3D printing, robotics and blockchain can play a role in companies\u2019 sustainability strategies.<\/p>\n

Investopedia defines sustainability as \u201cmeeting the needs of the present without compromising the ability of future generations to meet theirs.\u201d There are a wide range of actions that companies can take as part of their sustainability efforts, but reducing carbon footprints and safeguarding employees\u2019 health and safety are key. Digital tech can assist in both areas.<\/p>\n

Companies have many incentives to make sustainability part of their culture. First, it\u2019s simply the right thing to do. Second, it usually pays off economically over the long term. Third, and perhaps most important, it\u2019s something their customers want and expect them to do.<\/p>\n

\u201cThe consumer is now empowered more significantly than they have ever been, and the Millennial consumer certainly has an expectation that they will do business with brands and companies that are committed to things that are of value to them. One of those things is sustainability,\u201d said Kevin Reader, director of business development and marketing at MHI member Knapp Inc.<\/p>\n

\u201cThis era belongs to consumers, and sustainability matters to them,\u201d added Khwaja Shaik, an IBM Thought Leader and member of the IBM Academy of Technology.<\/p>\n

Saving energy<\/strong><\/p>\n

Using energy more efficiently is often a first step in a company\u2019s sustainability efforts. With sensors, the IoT, data analytics and even AI, a manufacturing facility or warehouse can find new ways to reduce energy consumption.<\/p>\n

They can start by monitoring the power coming into a building to determine how efficiently they are using it. That\u2019s the power factor. \u201cWhat you want is a high power factor because that means you\u2019re getting work out of your power; it\u2019s not just getting dissipated as heat or being wasted,\u201d said Eric Rice, principal product marketing manager at MHI member Honeywell Intelligrated. Companies can use data-collecting sensors and analytics to determine their power factor and to better understand how efficiently their control panels and equipment are running.<\/p>\n

Honeywell Intelligrated can provide customers with statistics that show how much power it\u2019s taking for every case of product they ship. If the power per case starts to go up, companies can determine if the problem is with mechanical wear on the equipment or with idle time on the system.<\/p>\n

\u201cYou\u2019re running all these conveyors for this eight-hour shift, but maybe the sorter or other key pieces of equipment aren\u2019t really utilized by the product that is traveling across them,\u201d Rice said. \u201cSo, you\u2019re spending all the dollars that it takes to make the equipment move, but if you\u2019re not putting much product on it, the power per case is going to increase, so it\u2019s going to cost you more for every case that you ship out.\u201d<\/p>\n

Read More\u2026<\/em><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Supply Chain Sustainability Goes High Tech * By Mary Lou Jay * The promise of improved efficiencies and reductions in operating expenses are usually the major drivers when supply chain companies adopt digital technologies. But there\u2019s another benefit that they should consider. Tech advances like the Internet of Things (IoT), data analytics, artificial intelligence (AI), …<\/p>\n","protected":false},"author":46,"featured_media":2313,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,15,10,14,13],"tags":[542,543,544,546,545,345,541,89,528],"class_list":["post-2312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","category-global-trends","category-industry-trends","category-sustainability","category-technology","tag-eric-rice","tag-honeywell-intelligrated-companies","tag-ibm-academy-of-technology","tag-kevin-reader","tag-khwaja-shaik","tag-knapp","tag-millenial","tag-rei","tag-supply-chain-sustainability"],"yoast_head":"\nSupply Chain Sustainability Goes High Tech - MHI Solutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mhisolutionsmag.com\/index.php\/2019\/09\/24\/supply-chain-sustainability-goes-high-tech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Chain Sustainability Goes High Tech - MHI Solutions\" \/>\n<meta property=\"og:description\" content=\"Supply Chain Sustainability Goes High Tech * By Mary Lou Jay * The promise of improved efficiencies and reductions in operating expenses are usually the major drivers when supply chain companies adopt digital technologies. 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