Tag: Industry

Blockchain is an emerging technology that has the potential to create a paradigm shift in the way we think about financial transactions. It has the ability to record transactions via a shared ledger and can be applied across many industries and currencies. The first major application of blockchain was Bitcoin, an unregulated cryptocurrency that was very resource intensive to mine. But business applications for blockchain will likely differ in several key areas.

At The Boeing Center’s 9th annual Industry Conference in October, Ed Corno, Client Technology Leader at IBM, gave a presentation on blockchain from the IBM perspective. He claimed that the technology’s business applications will focus on identity over anonymity, selective endorsement over proof of work, and assets over cryptocurrency.

Ed Corno, Client Technology Leader at IBM

Corno defines the four key tenets of a shared, replicated, permissioned ledger (as characterized by blockchain’s business applications) are consensus, provenance, immutability, and finality. This shared ledger would serve as the one record of all transactions across the business network, and participants would be able to see only relevant transactions.

According to Corno, the requirements of blockchain for business are the aforementioned shared ledger, a smart contract embedded into the transaction database, the privacy to ensure that transactions are secure and verifiable, and trust between all participants.

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The Boeing Center

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The Boeing Center hosted its 9th annual Industry Conference in October, featuring presentations from experts operating at the forefront of supply chain innovation. The conference was an interactive exploration of the ever-changing trends in supply chain, such as automation, artificial intelligence and machine learning, fintech and blockchain, big data analytics, robotics, drones, 3D printing, and the Internet of Things. The presenters provided a variety of perspectives and unique insights on cutting-edge topics, and the attendees were able to exchange ideas with fellow industry professionals during breaks and lunch.

Panos Kouvelis, Director of The Boeing Center for Supply Chain Innovation and Emerson Distinguished Professor of Operations & Manufacturing Management, kicked off the conference. He primed the audience by discussing some of the technologies impacting corporate supply chains, and set the stage for the presentations to come. Then, Dan Coughlin of The Coughlin Company engaged the audience with a networking exercise that got attendees discussing implementation challenges to new technology adoption, as well as their recent successes.

The first speaker of the artificial intelligence and big data portion of the conference was Mary Ann Wagner, Senior Manager of Supply Chain Data Analytics at Boeing. Her presentation, “Boeing AnalytX: Transforming data to reveal insights—and empowering a world of limitless possibilities,” focused on machine learning and data analytics in the aerospace industry. She was followed by Kevin Deppermann, Chief Engineer Distinguished Fellow at Monsanto.

His talk, “Innovation in the Ag Supply Chain,” provided insight into Monsanto’s efforts to generate innovative engineering solutions for their customers through four main avenues: throughput (increasing speed and reliability), enabling (non-invasive, non-destructive testing), cost (resource reduction), and accuracy (screening, counting, measurement, scoring, and rating).

IBM Client Technology Leader Ed Corno then led the blockchain portion of the conference with his presentation, “THINK. Blockchain.” Corno began with a high-level overview of what blockchain is and how it’s relevant to business, discussing various blockchain applications and positing future possibilities for the technology.

Ryan Altemose, Head of Supply Chain Integration & Analytics at MilliporeSigma, talked about the opportunities and benefits of blockchain in the life sciences industry, as well as how the Internet of Things will shape the future of supply chain in the coming years.

The robotics and automation portion of the conference began with Kevin Lardner, Head of Operational Excellence & Global Strategic Projects at Merck Life Sciences. “Industry 4.0: Implementation Challenges in a Diverse Life Sciences Company” provided a background on the fourth industrial revolution and provided insight into the multitude of technological advances being used across the life sciences industry and beyond.

Next, Chris Krampitz, Principal Consultant at Stratasys, discussed the process of identifying value in a supply chain-wide deployment of additive technologies. Krampitz talked about the challenges addressed by additive manufacturing (AM), the potential benefits of enterprise-wide AM deployment, and the approaches to identifying the value of such an undertaking.

Anheuser-Busch InBev’s Dan Hazlett, Director of Logistics Solutions, and Eddie Davis, Senior Manager of Business Process Excellence, followed Krampitz’s presentation with an explanation of robotic process automation in the ABI supply chain.

They spoke about ABI’s project implementation methodology as it relates to technological innovations, and shared how ABI is using robotic automation to enhance product quality and improve on-time deliveries.

The final segment of the day focused on supply chain innovations in logistics and services. Rochelle Henderson, Senior Director of Research and Analytics at Express Scripts, talked about how Express Scripts is using data and technology (e.g., mobile apps) to enhance patients’ experience and help them live healthier lives.

Next up were Edward Jones’ Terrence Freeman, Director of Digital Product Management, and Jacob Heberlie, Director of User Experience. Their presentation, “Advancing Digital at Edward Jones,” showed how technology can be used in the financial services industry to improve user experience and client satisfaction.

Finally, Mark Southey, Executive VP of Business Development, and Dan Snow, Executive VP of Operations, from Traffix closed out the show with “Technology’s Impact on the SMB.” They explained how Traffix is using technology to optimize its role as a 3PL logistics company and bridge the gap between small-to-medium businesses and their much larger competitors.

The Boeing Center Industry Conference was a great opportunity for industry professionals, students, and supply chain enthusiasts to gain insights from some of the most technologically advanced companies and supply chains in the world. We will be releasing highlights from the presentations, so stay tuned to our social media channels (@theboeingcenter) and be sure to download our app for more exclusive content and information about future events!


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A Boeing Center digital production

The Boeing Center

Supply Chain  //  Operational Excellence  //  Risk Management

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Technology is changing the landscape of supply chain at a breakneck pace, and organizations that are able to stay ahead of the curve often enjoy a significant advantage over their industry competitors. Digitization, cloud computing, big data, Internet of Things, and artificial intelligence are all major factors in shaping operational strategy. These manufacturing innovations have given rise to a trend dubbed Industry 4.0.

John Stroup, President and CEO of Belden Inc., paid a visit to The Boeing Center to share his wealth of knowledge, and to give a brief history of Industry 4.0, aka the Smart Factory. He explained that Industry 4.0, a term coined in Germany, is the fourth major iteration in manufacturing processes. “‘Smart Manufacturing,’ ‘Intelligent Factory,’ and ‘Factory of the Future’ all describe an intelligent, flexible, and dynamic production facility, where machinery and equipment will have the ability to improve processes through self-optimization and autonomous decision-making,” said Stroup. The major improvements from 3.0 to 4.0 are the ability to automate complex tasks (even remotely) and the access to data across the whole supply chain that allows for greater flexibility and connectivity.

Stroup went on to discuss the key characteristics of the Smart Factory and how innovations in digital technology have improved existing business models and enabled new ones. Such innovative technology allows for improved productivity, flexibility, and decision making, all of which benefit manufacturers and consumers alike.

For more supply chain digital content and cutting-edge research, check us out on the socials [@theboeingcenter] and our website [olin.wustl.edu/bcsci]

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A Boeing Center digital production

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In her presentation at the 8th annual Boeing Center Industry Conference, Natacha Alpert, innovation lead at Caleres, spoke about the future of the fashion industry. She described how technologies such as 3D printing and body scanning are being used to manufacture consumer products with a high degree of customization, as well as how Caleres is using 3D digital design to decrease lead times and drive strategy.

According to Natacha, 3D printing, design and scanning are the new roadmap to the future.  She believes within the next five years, the footwear industry will experience a paradigm shift that will help improve the way consumers shop and, subsequently, will change how we will look at manufacturing design in the future.


For more supply chain content and cutting-edge research, check out our social media network [@theboeingcenter].

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The data crunchers at Poets & Quants have a new chart that shows where the MBA Class of 2014 got hired by school and industry. Consulting is still the number one destination for newly minted MBAs. Finance, Tech, Consumer Products and Healthcare are also top employers. Check out the stats for the top 25 business schools on the Poets & Quants site.