UK manufacturers are facing a precarious future according to insights1 from fintech business lender MarketFinance. Over two thirds (68%) reported their order books have halved in the last 30 days. To compound matters, the majority (67%) have less than £50,000 cash and without any support will run out of money before the end of the month.
Manufacturing, Logistics and Supply Chain articles
Manufacturing and Supply Chain IT articles comprising case studies, product information, opinion articles, reports, new contract wins, product launches, opinion from the trade associations, government departments, research analysts, the vendor community. These articles are about specific industry IT solutions and topics relating to how improvements and efficiency gains can be made by the use of information technology within supply chain applications. All topics are covered in these articles which include ERP/MRP, Manufacturing Software, Advanced Planning, Demand Forecasting, Supply Chain Management, Warehouse Management Software, Automatic Identification/Datacapture, Voice-Directed Warehousing, Printing & Labelling, Transport Management, Asset Management Software and Mobile Computing.
How the manufacturing industry can mitigate economic risk during COVID-19
Apr 09, 2020
By Richard Blatcher, Director of Business Intelligence for Manufacturing at PROS.
Disruption in the supply chain is a direct indicator of a wider impact on an entire industry. Of course, Covid-19 is creating unprecedented disruption in many B2B industries, in fact, a new poll of supply chain managers shows over 75% of companies are reporting disruptions in some capacity due to coronavirus related restrictions.
8 in 10 UK, US & Chinese firms consider switching to alternative finance providers for trade financing in 2020
Apr 09, 2020
Over 8 in 10 (83%) UK, US and Chinese firms are considering switching to alternative finance providers over traditional banks for trade finance this year, which can provide access to faster and more agile funding to help navigate the effects of COVID-19.
Logistics Information Technology News (LogisticsIT.com)
Logistics information technology (LIT) is the use of information technology (IT) to improve the efficiency and effectiveness of logistics operations. LIT encompasses a wide range of technologies, including:
- Barcoding and electronic data interchange (EDI): These technologies are used to automate the exchange of data between different parts of the supply chain.
- Warehouse management systems (WMS): These systems are used to track inventory levels, manage orders, and optimize the flow of goods in and out of warehouses.
- Transportation management systems (TMS): These systems are used to plan and track shipments, manage carriers, and optimize routes.
- Fleet management systems (FMS): These systems are used to track and monitor vehicles, manage fuel consumption, and improve driver safety.
- Geospatial technologies: These technologies are used to track the location of goods in real time and optimize delivery routes.
- Artificial intelligence (AI): AI is being used in logistics to automate tasks, improve decision-making, and optimize operations.
LIT can help logistics organizations to improve their performance in a number of ways, including:
- Increased efficiency: LIT can help to automate tasks, streamline processes, and improve communication between different parts of the supply chain. This can lead to significant reductions in costs and improved efficiency.
- Improved visibility: LIT can help to track the location of goods in real time and provide visibility into the entire supply chain. This can help to identify and resolve problems more quickly and improve customer satisfaction.
- Enhanced decision-making: LIT can help to provide decision-makers with real-time data and insights. This can help them to make better decisions about things like inventory levels, shipping routes, and pricing.
