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Manufacturers are turning to digital twins to streamline their supply chains

Manufacturers are increasingly turning to digital twin technologies to streamline their operations and supply chains. Digital twins technically existed at least until the 1960s, when NASA experimented with virtual models during the Apollo program. Thanks to increasingly powerful sensors and software in recent years, manufacturers can now also take advantage [...]

Fastenal makes progress with its digital distribution strategy

As global supply chains improve, Fastenal has been able to reduce its available inventory year-over-year by removing inventory from its network for about three weeks, Florness told investors. “We believe that technology investments and structural changes in our go-to-market approach have enhanced our company’s long-term operational leverage and asset intensity,” [...]