Tag: Industry

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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BCSCI

Supply Chain // Operational Excellence // Risk Management

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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.




The success of BCTIM’s 6th Annual Industry Conference on Operational Innovations for Competitive Success is the highlight of BCTIM’s first blog post!

Hosted Wednesday, September 3rd, the Conference was held in Olin’s new Knight Hall, in the state-of-the-art Emerson Auditorium. A series of lectures given by experts from both industry and academia allowed for an interactive exploration of the ever-changing trends of supply chain. Industry speakers included VP & Chief Supply Chain Officer of Sigma-Aldrich, Dan Key, and VP of Logistics-North America of AB InBev, Pablo Gonzalez, as well as Panos Kouvelis, Ph.D., Director of the Boeing Center for Technology, Information and Manufacturing at Olin Business School. A variety of perspectives and unique insights were shared during a collection of 30-minute presentations.

We were delighted to have such a strong turnout; over 140 attendees made our efforts to collaborate industry ideas and knowledge among professionals and scholars a great success. Speakers, professionals and students had several opportunities to network and engage in conversation. Several attendees reported positive takeaways and left glowing reviews.When asked if the Conference provided a value-source in regard to concept applicability, Marc Hernandez of US Transportation Command had this to say: “Excellent presentation of real world challenges, opportunities, and how to implement organizational optimization and changes.”

We’re pleased to have had such a diverse turnout across industries, contributing immensely to the exchange of ideas and applicability of the “Operational Innovations for Competitive Success” theme.

Thanks to all who made this event a success. Please follow us along our blogging journey and stay connected for the many events to come!

For more information on The Boeing Center for Technology, Information and Manufacturing, please visit our newly re-vamped website.


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