{"id":924,"date":"2015-06-18T16:52:22","date_gmt":"2015-06-18T21:52:22","guid":{"rendered":"http:\/\/dev-mhisolutionsmag.officialdirectory.com\/?p=924"},"modified":"2015-09-21T13:58:38","modified_gmt":"2015-09-21T18:58:38","slug":"supply-chain-optimization","status":"publish","type":"post","link":"https:\/\/www.mhisolutionsmag.com\/index.php\/2015\/06\/18\/supply-chain-optimization\/","title":{"rendered":"Supply Chain Optimization"},"content":{"rendered":"

\"iStock_000037371228_Full\"<\/a><\/p>\n

Driverless vehicles, drones, 3-D printing and wearable technology certainly beckon for supply chains.<\/p>\n

But before moving on to the latest in whiz-bang gadgetry, a stabilizing question: Just how \u201coptimized\u201d are your network and inventories first?<\/p>\n

If you\u2019re missing the connection, the recent 2015 MHI Annual Industry Report spoke of numerous emerging technologies expected to transform traditional supply chain models in the coming decade.<\/p>\n

Everything previously mentioned\u2014including inventory and network optimization tools\u2014was on the list. These tools are now considered in the \u201cmaturing\u201d category, with just under half of respondents having them in place. And in the days ahead, the report states, they will likely be more important than ever when it comes to remaining competitive.<\/p>\n

\u201cIf I can knock down my transportation costs by 10 or 15 percent by reconfiguring my network or reallocating inventory to different distribution centers within that network, that\u2019s a lot of money,\u201d said John Hill, director for MHI member St. Onge Company. \u201cNot only is it money, but the concomitant reduction of the amount of time it takes to get a product to the customer is money as well.\u201d<\/p>\n

Taking part in a recent panel discussion about the MHI Annual Industry Report, Hill heard another participant liken inventory and optimization tools to the accounting software QuickBooks, which has dramatically decreased in price over the years as technology has continued to advance. The speaker believed the same thing would happen with optimization within the next decade, as use of the tools becomes more commonplace.<\/p>\n

Hill isn\u2019t sure he completely agrees, but he has seen evidence of interest in the tools from not only large companies, but also smaller ones. Everyone still has an eye on the relentless demand for \u201cbetter, faster, cheaper\u201d delivery of customer orders, just as they did 40 years ago. And the tools make that idea increasingly tangible.<\/p>\n

By Fiona Soltes<\/em><\/p>\n

Click here to read the full article.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Driverless vehicles, drones, 3-D printing and wearable technology certainly beckon for supply chains. But before moving on to the latest in whiz-bang gadgetry, a stabilizing question: Just how \u201coptimized\u201d are your network and inventories first? If you\u2019re missing the connection, the recent 2015 MHI Annual Industry Report spoke of numerous emerging technologies expected to transform …<\/p>\n","protected":false},"author":40,"featured_media":902,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-trends"],"yoast_head":"\nSupply Chain Optimization - 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\/2015\/06\/18\/supply-chain-optimization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Chain Optimization - MHI Solutions\" \/>\n<meta property=\"og:description\" content=\"Driverless vehicles, drones, 3-D printing and wearable technology certainly beckon for supply chains. 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