Global Digital supply chaine

  What is IQ? Introduction to IQ IQ is a type of standard score that indicates how far above, or how far below, his/her peer group an individual stands in mental ability. The peer group score is an IQ of 100; this is obtained by applying the same test to huge numbers of people from all socio-economic strata of society, and taking the average. The term 'IQ' was coined in 1912 by the psychologist William Stern in relation to the German term  Intelligenzquotient . At that time, IQ was represented as a ratio of mental age to chronological age x 100. So, if an individual of 10 years of age had a mental age of 10, their IQ would be 100. However, if their mental age was greater than their chronological age (e.g., 12 rather than 10), their IQ would be 120. Similarly, if their mental age was lower than their chronological age, their IQ would be lower than 100. When current IQ tests were developed, the average score of the norming s...

  Basic Knowledge about Traceability. Traceability is the ability to trace all processes from procurement of raw materials to production, consumption and disposal to clarify "when and where the product was produced by whom." Due to improving product quality and the rise in safety awareness in recent years, traceability has been increasing in importance and spreading into a wide range of fields, such as automotive, electronics, food and pharmaceutical. This section describes basic knowledge about the increasingly-popular traceability. Concept of Traceability The term Traceability is formed by Trace and Ability. Although its definition slightly varies depending on the industry, such as automobile, electronic component, food, and pharmaceutical, it is defined as follows in the manufacturing industry: Traceability Necessary information such as manufacturers, suppliers, and distributors is recorded. This information is tracked in all processes from procurement of raw materials and...

  It was only a question of time, really. Last Friday, AILO, a startup logistics service provider billing itself as “the industry’s first AI-PL,” came out of stealth mode. The company, which has received over $200 million in funding from investors including Google, Amazon, and Andreessen Horowitz (among others), promises to usher in “a new era of logistics excellence by leveraging Artificial Intelligence and automation to overcome the limitations of yesterday’s technologies and processes.” Marc Elliott, cofounder and CEO of AILO, says in the press release: “The logistics industry is at an inflection point, as manufacturers and retailers move away from viewing logistics as a cost center to viewing it as a strategic weapon. At the same time, the industry faces a growing list of challenges: labor shortages and strikes, price and capacity volatility in transportation, new sustainability regulations, cyberattacks, and more demanding cost and service expectations from customers. Traditio...

  Supply chain management is the handling of the entire process of turning raw materials into a final product. Without the supply chain, we would not have access to food and health products, or the items that allow us to work, travel and entertain ourselves. Supply chain management involves a network of suppliers connected via a centralized management process. Each supplier acts as a link that moves a product along a chain of production, from raw material suppliers to manufacturers to retailers. In the past, the supply chain management beginning-to-end model was mostly rigid — every link in the chain was touched in consecutive order to get a product from raw materials to the consumer. But lessons from the recent disruptions highlight the importance of flexibility in the supply chain management process. What supply chain management is today is largely a result of market evolutions, digital transformations, and changing consumer preferences. Here are a few examples: Different ways to...

Despite the challenges, there is an ongoing imperative for businesses to continue to provide the goods and services that keep the world turning. But that can be difficult or next to impossible if your supply chain is creaking, or worse, falls apart. Every single part of the journey is potentially vulnerable to disruption, and they are all parts of a whole – meaning that if one part of the chain goes down, it immediately impacts the whole operation. How do you mitigate that risk and ensure you maintain the flow of supplies to your business so you can do your best for your customers?   1.  Collaborate Supply chain management is actually about managing relationships with all key stakeholders, with the aim of providing value for the final customer by reducing cost for the supply chain as a whole. If you’re managing stock processes, or inventory or logistics, you have particular methods and computer software to make sure everything runs smoothly. Most businesses have performance me...