With “disruption” becoming an increasing feature of supply chains, whose decision-makers have to find new ways to mitigate risks from it, supply chain innovation is now a key requirement for effective, efficient and economic success. The use of optimization tools has long been a feature of the area of inventory management, and now new technologies are advancing those further. MRO spare parts management often balances the need to hold stock on shelves with the locking-in of working capital. However, digital manufacturing, such as the use of 3D printing, is now proving to change that paradigm, allowing companies to ensure service levels without the financial constraints of the past. This article looks at how 3D printing helps with MRO spare parts management, and describes the first steps to adopt it.
Seeing the Wood for the Trees: Supply Chain Assurance through Blockchain
Blockchain is still a new technology, and it is presently riding a wave of hype, with many companies invoking all manner of benefits from a wide range of uses.