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Inventory management key to maintaining a competitive edge

Manufacturer's Monthly

The Grant Thornton 2024 Manufacturing Benchmarking report found that manufacturers with strong inventory turnover ratios averaged 8.5. Discrete manufacturers often deal with products that have intricate bills of materials (BOMs). This is especially relevant to Australia’s discrete manufacturers.

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Critical Manufacturing at Hannover Messe 2023: Expect More From Your MES

i4.0 today

Features include end-to-end material traceability, bill of material (BOM) variation management, powerful data management tools, advanced analytics, and a complete digital twin of the shop floor to ensure total visibility of operations and performance against key performance indicators (KPIs). en/hannover-messe-2023.

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Pony.ai unveils 7th gen self-driving platform, plans for mass production this year

Robotics Business Review

The company said continuous design optimizations have also reduced the total bill-of-materials (BOM) costs by 70%. “Our proprietary PonyWorld generates realistic scenarios, conducts high-fidelity simulations, and establishes behavior evaluation benchmarks to make our autonomous decision-making go beyond human capability.”