Remove Apparel Remove Lead Time Remove Sourcing Remove Supply Chain
article thumbnail

AI in Manufacturing: Transforming Efficiency, Sustainability, and Tomorrow

MEM

Supply Chain Optimization in Automotive Manufacturing In the automotive manufacturing sector, supply chain efficiency is paramount. AI is a key player in optimizing the entire supply chain. From sourcing raw materials to delivering finished vehicles, AI-driven algorithms work tirelessly. The result?

article thumbnail

Manufacturing PMI® at 49%; September 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

The Customers’ Inventories Index reading indicated improved supply chain efficiency, as output improved and customers’ inventories continued to decline. Manufacturing supplier lead times continue to decrease, but at a slow pace. percentage point upward impact on the Manufacturing PMI ® calculation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Manufacturing PMI® at 46.9%; May 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

Manufacturing lead times clearly improved in the month. Supply chains are prepared and eager for growth, as panelists’ comments and the data support reduced lead times for their companies’ more important purchases.

article thumbnail

Manufacturing PMI® at 47.4%; January 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

The Supplier Deliveries Index indicated faster deliveries, and the Inventories Index expanded at a slower rate as panelists’ companies manage the total supply chain inventory. WHAT RESPONDENTS ARE SAYING “Business is still strong, but we have begun to see softening in some pricing, and lead times seem to be improving.”

article thumbnail

Manufacturing PMI® at 46.7%; November 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

Manufacturing supplier lead times continue to decrease, a positive for future economic activity. ” [Chemical Products] “Nearly all microchip supply issues have been resolved, finally bringing an end to the three-year chip shortage. Material prices are remaining relatively flat.

article thumbnail

Manufacturing PMI® at 48.4%; December 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

The Supplier Deliveries Index indicated faster deliveries, and the Inventories Index expanded at a faster rate as panelists’ companies continued to effectively manage the total supply chain inventory. Managing head counts and total supply chain inventories remain primary goals as the sector closes the year.

article thumbnail

Manufacturing PMI® at 52.8%; July 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

New Orders and Employment Contracting; Production and Backlogs Growing; Supplier Deliveries Slowing at a Slower Rate; Raw Materials Inventories Growing; Customers’ Inventories Too Low; Prices Increasing at a Slower Rate; Exports and Imports Growing; Record-Long Lead Times for Production Materials and MRO Supplies.