Dr. Prasad Akella is the founder and chairman of Drishti, which uses AI and video to empower manufacturing workers and optimize production. Read Prasad Akella's full executive profile here.
On a recent trip to India, I realized that I had landed in the country sans a belt. My brother-in-law whipped out his phone, pulled up an app and ordered a belt. I was surprised to receive it in under an hour!In general, though, the expected order-to-delivery time for goods, especially the more complex manufactured goods, falls somewhere in between. Consumers are willing to wait patiently, often for extended periods, for that futuristic electric vehicle they've dreamt of for so long.
Whether private or commercial, customers agree that"somewhere in between" is the last thing they want to hear when placing an order. And this is nothing new. For over a decade,Most manufacturers use near-term production plans or finished product inventories to predict finished goods availability. This"available to promise" data is generated using statistical black box models that calculate possible delivery dates based on past history.
Capable to promise takes ATP, overlays production capacity, runs a more complex calculation and generates a much more accurate delivery date. Simply, CTP=ATP + production capacity.If CTP is superior to and more inclusive than ATP for calculating the delivery date, why don't more manufacturers use it? Because maintaining an accurate, real-time model of the production capacity is challenging.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China touts its Belt and Road infrastructure lending as an alternative for international developmentChina is touting its 10-year-old Belt and Road Initiative as an alternative model for economic growth as it seeks to win friends and strengthen its leadership of the developing world.
Read more »
China touts its Belt and Road infrastructure lending as an alternative for international developmentChina is touting its 10-year-old Belt and Road Initiative as an alternative model for economic growth as it seeks to win friends and strengthen its leadership of the developing world. A government report released Tuesday praises the program, which has provided financing to build ports, power plants and other projects around the world. The report glosses over criticism that the initiative has saddled poor countries with too much debt and also increased global emissions of climate changing greenho
Read more »
China touts its Belt and Road infrastructure lending as an alternative for international developmentChina is touting its 10-year-old Belt and Road Initiative as an alternative model for economic growth as it seeks to win friends and strengthen its leadership of the developing world.
Read more »
China belt and road stocks fall on Mideast warChina belt and road stocks fall on Mideast war
Read more »
How a Free Chrome Extension Can Help You Create Your Own Custom Prompt LibraryPI Prompts is a versatile and user-friendly free Chrome extension designed to enhance and simplify the user experience for those utilizing AI platforms.
Read more »
Creating Custom React Native Templates: A Step-by-Step GuideWalkthroughs, tutorials, guides, and tips. This story will teach you how to do something new or how to do something better.
Read more »