Page 8 - Industrial Technology October/ November 2020 issue

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BUSINESS

Building the supply

WINKEL BEARING
AND PROFILE

NO.1 IN HEAVY chain of tomorrow
LOAD HANDLING

HOW CAN DIGITALISATION, SUSTAINABILITY, CUSTOMISATION AND
REGIONALISATION WILL HELP BUILD THE SUPPLY CHAIN OF
ALU-U-PROFILE FOR
VULKOLLAN & POLYAMID TOMORROW? SCHNEIDER ELECTRIC’S MARK YEELES EXPLAINS
®
WINKEL BEARINGS
upply chains are in the spotlight and following on our own journey, we have developed five Supply
Covid-19, there has been greater speculation Chain models to reflect the expectations of our different
on how they will adapt in the future. In recent customer segments, including integrators, electrical
Syears, with efficiency as a constant driver, we distributors and end-users.
have been experiencing a transformation defined by four Digitisation provides the answer to building a
key trends, including digitisation, sustainability, customer centric supply chain. All customers are
HEAVY DUTY customisation and regionalisation. With resilience at the searching for efficiency, productivity, and quality gains.
WINKEL BEARING top of everyone’s agenda, what will this mean for supply Unless operating processes are connected, systems and
NEW 3-ROW
chains in the long term and how are these four existing tools cannot truly support the needs of customers or the
trends are set to accelerate? business to provide one version of the truth.
MULTI AXIS Supply chains must adapt to different types of Connectivity allows us to control, monitor, and
LINEAR SYSTEM customers. Customisation has become the new normal optimise every part of the process. It creates the desired
with tailored requests, speed, and local engagement end-to-end view, which can be visualised at Unified
50 kg - 5 T becoming necessary. A “one-size-fits-all” approach to Operating Centres located at key points around the
HIGHLY DYNAMIC supply chain is not suitable as it inhibits growth and world, to provide on-site, real-time knowledge driven by
broadly leads to overall dissatisfaction. When embarking data analytics. Such connectivity creates the ability to
STANDARD &
BESPOKE
SOLUTIONS
The hidden costs that

could damage profits

TFC’S KEITH KENTISH HIGHLIGHTS SOME UNSEEN SUPPLY CHAIN
COSTS AND EXPLAINS HOW MANUFACTURERS CAN AVOID THEM
LIFTING SYSTEMS
LOAD CAPACITY 50 kg - 50 t ccording to MoneySuperMarket millions of administration annually. This creates an annual cost in
HEIGHTS OF UP TO 50 METERS people are overpaying on their mobile phone excess of £1.5 billion.
1-, 2- OR 4-COLUMN contracts, whether it’s for data, minutes or It would be far more valuable to reduce the amount
Atexts that they don’t use. Hidden costs can be of administration required and move staff into more
VERSIONS
found everywhere, including your supply chain, where productive roles. Vendor reduction and rationalisation is
PALLET-, MATERIAL-, they could be seriously eroding your profit margins. a good way to achieve this, as it means fewer orders,
AUTOMOBILE The Covid-19 pandemic has made it more difficult and far less paperwork. An even better approach would
STAINLESS STEEL LIFTER for manufacturers to source the parts they need, and an be a vendor managed inventory (VMI) system. VMI
April 2020 PwC poll advised that a quarter of UK benefits include, but are not limited to, technology to
SPECIAL DESIGNS
manufacturing management were concerned about the trigger automatic stock replenishments, supplier onsite
SHORT DELIVERY TIME impact of lockdown on the continuity of their supply stocking and consolidated invoicing. This can reduce the
chains. Now, as ever, the priority for most supply chain required administration and management time of c-class
managers is keeping operations running while components.
minimising costs – some of which may be hidden. In addition, smaller companies may find it hard to
In many supply chains, a lot of time is spent keeping
Innovations track of inventory and even more is spent making and get good value without significant purchasing leverage,
particularly if they change suppliers. According to a
that move processing the required orders. This issue is often recent poll, at least 10% of companies have changed
exacerbated when companies work with multiple suppliers as a result of the pandemic. The key here is
suppliers because each supplier comes with its own relationships — maintaining long-term partnerships with
HepcoMotion Head Office
paperwork requirements. According to a report by trusted suppliers. Smaller companies can benefit from
Tiverton Way, Tiverton, Devon
Zencargo, a digital freight forwarder, more than 100 the leverage of a larger VMI service partner. For example,
EX16 6TG, United Kingdom
million hours of time is wasted by UK businesses in we regularly purchase on behalf of numerous
Tel. +44 (0)1884 257000 procurement, supplier management and freight businesses, consolidated demands, from our UK,
sales@hepcomotion.com
INDUSTRIAL TECHNOLOGY • October/November 2020